Sales Mastery Exam ( set of questions 1)
A buyer agent may - ANS-D) be retained or hired by a consumer to assist r, represent or act on
behalf of such consumer in connection with the purchase or lease of
A customer's trade- in vehicle on a financed deal may be sold - ANS-D) only when the financing
has been aprooed
A dealer is required to have on file the licenses of each of their employed salespersons but
need not display them in their place of business - ANS-False
A dealer may issue a temporary permits for each roadworthy vehicle sold - ANS-B) false (verify)
A dealer must take in the title in their own name before selling a car to retail customer - ANS-B)
False
A dealer wholesaler or salesperons convicted of any felony or any crime.. Has how many days
to report conviction? - ANS-A ) 30 Days
A dealers advertising must contain the dealers licensed name and the words - ANS-C) dealer
A motor vehicle dealer is responsible for : - ANS-D) all of the above
A new motor vehicle has three of the following chracterics. WHich one dosen't it have? - ANS-D)
a title
A new or used motor vehicle dealer may legally do which of the following with a temporary
permit? - ANS-Issue a permit for a demonstration drive by a consumer
A salesperson can change dealerships during the licensing year provided that the correct form
and fee is submitted to the board such sales person may begin work as a motor vehicle
salesperons or powersports salesperson while awaiting a new license from the board - ANS-B)
False
According to colorado law, which of the following must be licensed as a motor vehicle dealer
and or powersports dealer? - ANS-d) All of the above
All motor vehicle dealers and power-sports dealers must post a celar, legible sign on their
principal place of business if: - ANS-B) they wull be open less than 40 hours a week
An advertisement would include - ANS-D) all of the above
, By definition an advertisement may include any commercial message on any computer dspay or
window, duspay which is delivered or made available to asustomer or prospective customer in
any manner whatsoever - ANS-True ( verify)
Colorado Lemon law covers: - ANS-c)defects that substantially impair the market value of a
vehicle
Dealer demo plates may be used on motor vehicles - ANS-D) properly assigned in the name of
the dealership
Dealers must either be self insured or have insurance for their vehicles - ANS-A)True
Demonstration plates can be displayed on vehicles tat are used by the dealership for any
commercial purpose - ANS-true
Depot plates may be used durin gnormal business hours to transport a motr vehicle - ANS-D )
all of the above
In advertisement motor vehicle, a dealer or salesperson may - ANS-Make reference " dealer
cost ;" or "invoice price: verify
In transite plates may be used on motor vehicles - ANS-D) consigned to wholesale auction
dealers for transport from point of purchase to point of storage
Licensed powersport dealers may not sell powersports on sundays ( verify) - ANS-False
Local law enforcement officers must be notified within 1 hours before or after the repossession
of a motor vehicle occurs: - ANS-A)1 hours
Motor vehicle and powersport salespeople are required to have a surety bond in the amount of :
- ANS-15k$
Motor vehicle dealers, powersport dealers, used motor vehicle dealers, used powersports
dealers or wholesalers are not required to report to the dealer board - ANS-B) any change in the
hours of operation of the business whenthe business continues full time (review)
New and used motor vehicle dealers, powersports dealers, and wholesale auction dealers are
required to have a surety bond - ANS-D) all of the above
Re federal cash reporting rule requires dealers to file form 83000.... - ANS-15 Days
Records of vehicles transfers abd idineter statenebts must be retanied for: - ANS-C) 5 years
A buyer agent may - ANS-D) be retained or hired by a consumer to assist r, represent or act on
behalf of such consumer in connection with the purchase or lease of
A customer's trade- in vehicle on a financed deal may be sold - ANS-D) only when the financing
has been aprooed
A dealer is required to have on file the licenses of each of their employed salespersons but
need not display them in their place of business - ANS-False
A dealer may issue a temporary permits for each roadworthy vehicle sold - ANS-B) false (verify)
A dealer must take in the title in their own name before selling a car to retail customer - ANS-B)
False
A dealer wholesaler or salesperons convicted of any felony or any crime.. Has how many days
to report conviction? - ANS-A ) 30 Days
A dealers advertising must contain the dealers licensed name and the words - ANS-C) dealer
A motor vehicle dealer is responsible for : - ANS-D) all of the above
A new motor vehicle has three of the following chracterics. WHich one dosen't it have? - ANS-D)
a title
A new or used motor vehicle dealer may legally do which of the following with a temporary
permit? - ANS-Issue a permit for a demonstration drive by a consumer
A salesperson can change dealerships during the licensing year provided that the correct form
and fee is submitted to the board such sales person may begin work as a motor vehicle
salesperons or powersports salesperson while awaiting a new license from the board - ANS-B)
False
According to colorado law, which of the following must be licensed as a motor vehicle dealer
and or powersports dealer? - ANS-d) All of the above
All motor vehicle dealers and power-sports dealers must post a celar, legible sign on their
principal place of business if: - ANS-B) they wull be open less than 40 hours a week
An advertisement would include - ANS-D) all of the above
, By definition an advertisement may include any commercial message on any computer dspay or
window, duspay which is delivered or made available to asustomer or prospective customer in
any manner whatsoever - ANS-True ( verify)
Colorado Lemon law covers: - ANS-c)defects that substantially impair the market value of a
vehicle
Dealer demo plates may be used on motor vehicles - ANS-D) properly assigned in the name of
the dealership
Dealers must either be self insured or have insurance for their vehicles - ANS-A)True
Demonstration plates can be displayed on vehicles tat are used by the dealership for any
commercial purpose - ANS-true
Depot plates may be used durin gnormal business hours to transport a motr vehicle - ANS-D )
all of the above
In advertisement motor vehicle, a dealer or salesperson may - ANS-Make reference " dealer
cost ;" or "invoice price: verify
In transite plates may be used on motor vehicles - ANS-D) consigned to wholesale auction
dealers for transport from point of purchase to point of storage
Licensed powersport dealers may not sell powersports on sundays ( verify) - ANS-False
Local law enforcement officers must be notified within 1 hours before or after the repossession
of a motor vehicle occurs: - ANS-A)1 hours
Motor vehicle and powersport salespeople are required to have a surety bond in the amount of :
- ANS-15k$
Motor vehicle dealers, powersport dealers, used motor vehicle dealers, used powersports
dealers or wholesalers are not required to report to the dealer board - ANS-B) any change in the
hours of operation of the business whenthe business continues full time (review)
New and used motor vehicle dealers, powersports dealers, and wholesale auction dealers are
required to have a surety bond - ANS-D) all of the above
Re federal cash reporting rule requires dealers to file form 83000.... - ANS-15 Days
Records of vehicles transfers abd idineter statenebts must be retanied for: - ANS-C) 5 years
