COLORADO WITH CORRECT ACTUAL
QUESTIONS MERGED WITH CORRECT
COMPLETE SOLUTIONS || ALREADY
GRADED A+|| 2026-2027 LATEST
UPDATE!!!
The license of a motor vehicle salesperson or power-sports
salesperson may be denied, revoked or suspended on any of the
following grounds except: - ANSWER-b) advertising a salvaged vehicle
while identifying the vehicle as a salvage vehicle
According to Colorado law, which of the following must be licensed as
a motor vehicle dealer and or powersports dealer? - ANSWER-d) All of
the above
Colorado Lemon law covers: - ANSWER-c) defects that substantially
impair the market value of a vehicle
Three of the following are required to be disclosed in an
advertisement when a dealer is advertisement a closed end credit sale
of a mother vehicle or powersports...except? - ANSWER-d) tax rate
The motor vehicle dealer board is authorized and empowered to: -
ANSWER-D) all of the above
,Local law enforcement officers must be notified within ___ hours
before or after the repossession of a motor vehicle occurs: - ANSWER-
A)1 hour
All motor vehicle dealers and power-sports dealers must post a clear,
legible sign on their principal place of business if: - ANSWER-B) they
will be open less than 40 hours a week
A dealer may issue a temporary permit for each roadworthy vehicle
sold - ANSWER-B) false (verify)
The motor vehicle dealer board may be decided how large a fine to
impose on a dealer who sells primarily vehicles that weigh 1,500
pounds or more so long as it does not exceed 5k - ANSWER-a) True
(verify)
The Colorado's consumer protection act declares bait and switch
advertising to be deceptive trade practice. Bait and switch advertising
includes which of the following - ANSWER-d) all of the above
Three of the following types of motor vehicles are exempt from the
truth in mileage act. Which one is not exempt? - ANSWER-B) motor
vehicles with out-of-state titles
The motor vehicle dealer board does not have among its members -
ANSWER-c) three employees from the enforcement division
What is the highest fine per offense that the motor vehicle dealer
board or an administrative law judge may impose on a dealer, who
sells primarily vehicles that weigh less than 1,500 pounds - ANSWER-
$1,000
,Three of the following are characteristics of an off-premise permit...
Which one is not? - ANSWER-The permit cannot exceed six days
except for the national western stock show, the Colorado state fair,
Greely stampede
Which of the following is a true statement regarding dealers and
buyers? - ANSWER-B) a dealer shall clearly indicate on the costumer
contract when a vehicle sold "as is" and without a guarantee
When advertising a specific number of motor vehicles that same
number of vehicles must have been invoiced to the dealer - ANSWER-
A) True
Dealers must either be self insured or have insurance for their vehicles
- ANSWER-A) True
In transit plates may be used on motor vehicles - ANSWER-D)
consigned to wholesale auction dealers for transport from point of
purchase to point of storage
When a salesperson leaves a dealer, that dealer must do all of the
following except - ANSWER-Immediately employ a new salesperson,
licensed or not
The license of a new or used dealer, wholesale auction dealer or
wholesaler may be denied suspended, revoked or fined for all of the
following grounds except - ANSWER-Employing a properly licensed
salesperson
The only items that can be added to an advertised price are -
ANSWER-C) Dealer handling and preparation charges
, The license of a motor vehicle salesperson or a powersports
salesperson may be denied, revoked, or suspended on any of the
following grounds except: - ANSWER-D) using point of sale literature
in advertising
A buyer agent may - ANSWER-be retained or hired by a consumer to
assist, represent, or act on behalf of such
consumer in connection with the purchase or lease of a motor vehicle
Three of the following are deceptive trade practices. Which of the
following is not? - ANSWER-Delivering goods as promised
A new or used motor vehicle dealer may legally do which of the
following with a temporary permit? - ANSWER-Issue a permit for a
demonstration drive by a consumer
Re federal cash reporting rule requires dealers to file form 83000.... -
ANSWER-15 Days
A new motor vehicle has three of the following characteristics. Which
one doesn't it have? - ANSWER-D) a title
A dealer wholesaler or salespersons convicted of any felony or any
crime... Has how many days to report conviction? - ANSWER-A) 30
Days
Three of the following are require when a dealer is advertising a lease
of a motor vehicle or powersports vehicle with a payment amount
which one is not required? - ANSWER-D) disclosing the cost of leasing
versus the cost of purchasing
The definition of a used mother vehicle dealer or used powersports
dealer includes which of the following? - ANSWER-A person who