Mastery Exam, Car Sales Test Colorado
- ANS-"Advertise" or "advertisement" means any commercial message in any newspaper,
magazine, leaflet, flyer, or catalog, on radio, television, or a public address system, in direct mail
literature or other printed material, on any interior or exterior sign or display, in any window
display, on a computer display, or in any point-of-transaction literature or price tag that is
delivered or made available to a customer or prospective customer in any manner; except that
the term does not include materials required to be displayed by federal or state law
- ANS-"Motor vehicle dealer" means a person who, for commission or with intent to make a
profit or gain of money or other thing of value, sells, leases, exchanges, rents with option to
purchase, offers, or attempts to negotiate a sale, lease, or exchange of an interest in new or
new and used motor vehicles or who is engaged wholly or in part in the business of selling or
leasing new or new and used motor vehicles, whether or not the motor vehicles are owned by
the person. The sale or lease of three or more new or new and used motor vehicles or the
offering for sale or lease of more than three new or new and used motor vehicles at the same
address or telephone number in any one calendar year is prima facie evidence that a person is
engaged in the business of selling or leasing new or new and used motor vehicles. "Motor
vehicle dealer" includes an owner of real property who allows more than three new or new and
used motor vehicles to be offered for sale or lease on the property during one calendar year
unless said property is leased to a licensed motor vehicle dealer. "Motor vehicle dealer" does
not include: (a) Receivers, trustees, administrators, executors, guardians, or other persons
appointed by or acting under the judgment or order of any court; (b) Public officers while
performing their official duties; (c) Employees of a motor vehicle dealer when engaged in the
specific performance of their duties as employees; (d) A wholesaler or anyone selling motor
vehicles solely to wholesalers; (e) Any person engaged in the selling of a fire truck; or (f) A
motor vehicle auctioneer.
- ANS-"Motor vehicle salesperson" means a natural person who, for a salary, commission, or
compensation of any kind, is employed either directly or indirectly, regularly or occasionally, by a
motor vehicle dealer or used motor vehicle dealer to sell, lease, purchase, or exchange or to
negotiate for the sale, lease, purchase, or exchange of motor vehicles.
- ANS-"Powersports vehicle dealer" means a person who, for commission or with intent to
make a profit or gain of money or other thing of value, sells, leases, exchanges, rents with
option to purchase, offers, or attempts to negotiate a sale, lease, or exchange of an interest in
new or new 4 Auto Industry Division Study Guide- Powersports Statutes and used powersports
vehicles or who is engaged wholly or in part in the business of selling or leasing new or new and
used powersports vehicles, whether or not the powersports vehicles are owned by such person.
The sale or lease of ten or more new or new and used powersports vehicles or the offering for
sale or lease of more than ten new or new and used powersports vehicles at the same address
,or telephone number in any one calendar year shall be prima facie evidence that a person is
engaged in the business of selling or leasing new or new and used powersports vehicles.
"Powersports vehicle dealer" includes an owner of real property who allows more than ten new
or new and used powersports vehicles to be offered for sale or lease on such property during
one calendar year unless said property is leased to a licensed powersports vehicle dealer.
"Powersports vehicle dealer" does not include: (a) Receivers, trustees, administrators,
executors, guardians, or other persons appointed by or acting under the judgment or order of
any court; (b) Public officers while performing their official duties; (c) Employees of persons
enumerated in the definition of "powersports vehicle dealer" when engaged in the specific
performance of their duties as such employees; (d) A wholesaler or anyone selling powersports
vehicles solely to wholesalers; or (e) A wholesale motor vehicle auctioneer
- ANS-"Used motor vehicle dealer" means a person who, for commission or with intent to make
a profit or gain of money or other thing of value, sells, exchanges, leases, or offers an interest in
used motor vehicles, or attempts to negotiate a sale, exchange, or lease of used motor vehicles,
or who is engaged wholly or in part in the business of selling used motor vehicles, whether or
not the motor vehicles are owned by the person. The sale of three or more used motor vehicles
or the offering for sale of more than three used motor vehicles at the same address or 7 Auto
Industry Division Study Guide- Motor Vehicle Statutes telephone number in any one calendar
year is prima facie evidence that a person is engaged in the business of selling used motor
vehicles. "Used motor vehicle dealer" includes an owner of real property who allows more than
three used motor vehicles to be offered for sale on the property during one calendar year unless
said property is leased to a licensed used motor vehicle dealer. "Used motor vehicle dealer"
does not include: (a) Receivers, trustees, administrators, executors, guardians, or other persons
appointed by or acting under the judgment or order of any court; (b) Public officers while
performing their official duties; (c) Employees of a used motor vehicle dealer when engaged in
the specific performance of their duties as employees; (d) A wholesaler or anyone selling motor
vehicles solely to wholesalers; (e) Mortgagees or secured parties as to sales in any one year of
not more than twelve motor vehicles constituting collateral on a mortgage or security
agreement, if the mortgagees or secured parties do not realize for their own account any money
in excess of the outstanding balance secured by the mortgage or security agreement, plus costs
of collection; (f) A person who only sells or exchanges no mor
- ANS-"used motor vehicle" is defined as any motor vehicle which has been sold, bargained,
exchanged,
given away, or the title thereto transferred from the person who first took title thereto from the
manufacturer or importer, dealer or agent of the manufacturer or importer, or so used as to have
become what is commonly known as a "secondhand motor vehicle"." In the event of transfer on
the
certificate of origin, from the original franchised dealer to any other dealer or individual other
than a
franchised dealer of the same make of vehicle, the vehicle shall be considered a "used" motor
vehicle,
,and must be titled in the new owner's name. Vehicles with more Than Fifteen Hundred (1500)
miles of
demonstration use shall be considered used' vehicles. Such "demonstrators" and other motor
vehicles
3
Auto Industry DivisionStudy Guide- Motor Vehicle Regulations
REGULATION 12-6-102(13)
which have been used by a dealer prior to their sale shall be titled in the dealer's name and sold
as
"used" motor vehicles.
- ANS-(2) "Board" means the motor vehicle dealer board.
"Advertise" or "advertisement" means any commercial message in any newspaper, magazine,
leaflet, flyer, or catalog, on radio, television, or a public address system, in direct mail literature
or other printed material, on any interior or exterior sign or display, in any window display, on a
computer display, or in any point-of-transaction literature or price tag that is delivered or made
available to a customer or prospective customer in any manner; except that the term does not
include materials required to be displayed by federal or state law
- ANS-1 "Depot License Plates" or "Depot Tags" - means a numbered plate issued by the
department authorizing the movement of dealership vehicles to and from the dealer's place of
business or storage for the purpose of completing work tha
- ANS-1) The amount of cash is more than $10,000 2) The business receives the cash as:
1) The establishment receives the cash in the ordinary course of a trade or business 2) The
same agent or buyer provides the cash3) The business receives the cash in a single transaction
or in related transactions
Example: Dave bought a new car and sold his old one for $11,000. The buyer paid Dave in
cash. Since Dave is not in the trade or business of selling cars, he would not be required to
report the receipt of cash exceeding $10,000 from the sale of the car.
Example: Jane operates a jewelry store in Puerto Rico and received payment in cash on a sale
of jewelry for $12,000. She will need to report the transaction on a Form 8300. In general, a
person engaged in a
- ANS-12-6-125. Advertisement - inclusion of dealer name A motor vehicle dealer or used
motor vehicle dealer or any agent of the dealers shall not advertise any offer for the sale, lease,
or purchase of a motor vehicle or a used motor vehicle that creates the false impression that the
vehicle is being offered by a private party or by a buyer's agent or that does not contain the
name of the dealer or the word "dealer" or, if the name is contained in the offer and does not
clearly reflect that the business is a dealer, both the name of the dealer and the word "dealer".
- ANS-12-6-302. Sunday closing No person, firm, or corporation, whether owner, proprietor,
agent, or employee, shall keep open, operate, or assist in keeping open or operating any place
or premises or residences, whether open or closed, for the purpose of selling, bartering, or
, exchanging or offering for sale, barter, or exchange any motor vehicle, whether new, used, or
secondhand, on the first day of the week commonly called Sunday. This part 3 shall not apply to
the opening of an establishment or place of business on the said first day of the week for other
purposes, such as the sale of petroleum products, tires, or automobile accessories, or for the
purpose of operating and conducting a motor vehicle repair shop, or for the purpose of
supplying such services as towing or wrecking. The provisions of this part 3 shall not apply to
the opening of an establishment or place of business on the said first day of the week for the
purpose of selling, bartering, or exchanging or offering for sale, barter, or exchange any boat,
boat trailer, snowmobile, or snowmobile trailer.
- ANS-A "used motor vehicle" is defined as any motor vehicle which has been sold, bargained,
exchanged, given away, or the title thereto transferred from the person who first took title thereto
from the manufacturer or importer, dealer or agent of the manufacturer or importer, or so used
as to have become what is commonly known as a "secondhand motor vehicle"." In the event of
transfer on the certificate of origin, from the original franchised dealer to any other dealer or
individual other than a franchised dealer of the same make of vehicle, the vehicle shall be
considered a "used" motor vehicle, and must be titled in the new owner's name. Vehicles with
more Than Fifteen Hundred (1500) miles of demonstration use shall be considered used'
vehicles. Such "demonstrators" and other motor vehicles 3 Auto Industry Division Study Guide-
Motor Vehicle Regulations which have been used by a dealer prior to their sale shall be titled in
the dealer's name and sold as "used" motor vehicles. All vehicles which do not qualify as "new"
motor vehicles shall be deemed to be "used" motor vehicles for the purpose of administration of
this Act.
- ANS-A dealer may issue a second temporary registration number plate in accordance with
this subsection (3) if the dealer: (I) Has issued a temporary plate to the owner when selling the
motor vehicle to the owner; (II) Has not delivered or facilitated the delivery of the certificate of
title to the purchaser or the holder of a chattel mortgage as required in section 42-6-112 or
42-6-119 (3) within sixty days after the motor vehicle was purchased; and (III) Has taken every
reasonable action necessary to deliver or facilitate the delivery of the certificate of title.
- ANS-A Temporary Registration Permit is not renewable, but when circumstances outlined in
section
42-3-203(3)(d), C.R.S., are met, the Dealer may issue a second Temporary Registration Permit
pursuant to the requirements in this rule.
- ANS-Advertisement of rate of finance charge. If an advertisement states a rate of finance
charge, it shall state the rate as an "annual percentage rate," using that term. If the annual
percentage rate may be increased after consummation, the advertisement shall state that fact. If
an advertisement is for credit not secured by a dwelling, the advertisement shall not state any
other rate, except that a simple annual rate or periodic rate that is applied to an unpaid balance
may be stated in conjunction with, but not more conspicuously than, the annual percentage rate.
If an advertisement is for credit secured by a dwelling, the advertisement shall not state any
other rate, except that a simple annual rate that is applied to an unpaid balance may be stated
- ANS-"Advertise" or "advertisement" means any commercial message in any newspaper,
magazine, leaflet, flyer, or catalog, on radio, television, or a public address system, in direct mail
literature or other printed material, on any interior or exterior sign or display, in any window
display, on a computer display, or in any point-of-transaction literature or price tag that is
delivered or made available to a customer or prospective customer in any manner; except that
the term does not include materials required to be displayed by federal or state law
- ANS-"Motor vehicle dealer" means a person who, for commission or with intent to make a
profit or gain of money or other thing of value, sells, leases, exchanges, rents with option to
purchase, offers, or attempts to negotiate a sale, lease, or exchange of an interest in new or
new and used motor vehicles or who is engaged wholly or in part in the business of selling or
leasing new or new and used motor vehicles, whether or not the motor vehicles are owned by
the person. The sale or lease of three or more new or new and used motor vehicles or the
offering for sale or lease of more than three new or new and used motor vehicles at the same
address or telephone number in any one calendar year is prima facie evidence that a person is
engaged in the business of selling or leasing new or new and used motor vehicles. "Motor
vehicle dealer" includes an owner of real property who allows more than three new or new and
used motor vehicles to be offered for sale or lease on the property during one calendar year
unless said property is leased to a licensed motor vehicle dealer. "Motor vehicle dealer" does
not include: (a) Receivers, trustees, administrators, executors, guardians, or other persons
appointed by or acting under the judgment or order of any court; (b) Public officers while
performing their official duties; (c) Employees of a motor vehicle dealer when engaged in the
specific performance of their duties as employees; (d) A wholesaler or anyone selling motor
vehicles solely to wholesalers; (e) Any person engaged in the selling of a fire truck; or (f) A
motor vehicle auctioneer.
- ANS-"Motor vehicle salesperson" means a natural person who, for a salary, commission, or
compensation of any kind, is employed either directly or indirectly, regularly or occasionally, by a
motor vehicle dealer or used motor vehicle dealer to sell, lease, purchase, or exchange or to
negotiate for the sale, lease, purchase, or exchange of motor vehicles.
- ANS-"Powersports vehicle dealer" means a person who, for commission or with intent to
make a profit or gain of money or other thing of value, sells, leases, exchanges, rents with
option to purchase, offers, or attempts to negotiate a sale, lease, or exchange of an interest in
new or new 4 Auto Industry Division Study Guide- Powersports Statutes and used powersports
vehicles or who is engaged wholly or in part in the business of selling or leasing new or new and
used powersports vehicles, whether or not the powersports vehicles are owned by such person.
The sale or lease of ten or more new or new and used powersports vehicles or the offering for
sale or lease of more than ten new or new and used powersports vehicles at the same address
,or telephone number in any one calendar year shall be prima facie evidence that a person is
engaged in the business of selling or leasing new or new and used powersports vehicles.
"Powersports vehicle dealer" includes an owner of real property who allows more than ten new
or new and used powersports vehicles to be offered for sale or lease on such property during
one calendar year unless said property is leased to a licensed powersports vehicle dealer.
"Powersports vehicle dealer" does not include: (a) Receivers, trustees, administrators,
executors, guardians, or other persons appointed by or acting under the judgment or order of
any court; (b) Public officers while performing their official duties; (c) Employees of persons
enumerated in the definition of "powersports vehicle dealer" when engaged in the specific
performance of their duties as such employees; (d) A wholesaler or anyone selling powersports
vehicles solely to wholesalers; or (e) A wholesale motor vehicle auctioneer
- ANS-"Used motor vehicle dealer" means a person who, for commission or with intent to make
a profit or gain of money or other thing of value, sells, exchanges, leases, or offers an interest in
used motor vehicles, or attempts to negotiate a sale, exchange, or lease of used motor vehicles,
or who is engaged wholly or in part in the business of selling used motor vehicles, whether or
not the motor vehicles are owned by the person. The sale of three or more used motor vehicles
or the offering for sale of more than three used motor vehicles at the same address or 7 Auto
Industry Division Study Guide- Motor Vehicle Statutes telephone number in any one calendar
year is prima facie evidence that a person is engaged in the business of selling used motor
vehicles. "Used motor vehicle dealer" includes an owner of real property who allows more than
three used motor vehicles to be offered for sale on the property during one calendar year unless
said property is leased to a licensed used motor vehicle dealer. "Used motor vehicle dealer"
does not include: (a) Receivers, trustees, administrators, executors, guardians, or other persons
appointed by or acting under the judgment or order of any court; (b) Public officers while
performing their official duties; (c) Employees of a used motor vehicle dealer when engaged in
the specific performance of their duties as employees; (d) A wholesaler or anyone selling motor
vehicles solely to wholesalers; (e) Mortgagees or secured parties as to sales in any one year of
not more than twelve motor vehicles constituting collateral on a mortgage or security
agreement, if the mortgagees or secured parties do not realize for their own account any money
in excess of the outstanding balance secured by the mortgage or security agreement, plus costs
of collection; (f) A person who only sells or exchanges no mor
- ANS-"used motor vehicle" is defined as any motor vehicle which has been sold, bargained,
exchanged,
given away, or the title thereto transferred from the person who first took title thereto from the
manufacturer or importer, dealer or agent of the manufacturer or importer, or so used as to have
become what is commonly known as a "secondhand motor vehicle"." In the event of transfer on
the
certificate of origin, from the original franchised dealer to any other dealer or individual other
than a
franchised dealer of the same make of vehicle, the vehicle shall be considered a "used" motor
vehicle,
,and must be titled in the new owner's name. Vehicles with more Than Fifteen Hundred (1500)
miles of
demonstration use shall be considered used' vehicles. Such "demonstrators" and other motor
vehicles
3
Auto Industry DivisionStudy Guide- Motor Vehicle Regulations
REGULATION 12-6-102(13)
which have been used by a dealer prior to their sale shall be titled in the dealer's name and sold
as
"used" motor vehicles.
- ANS-(2) "Board" means the motor vehicle dealer board.
"Advertise" or "advertisement" means any commercial message in any newspaper, magazine,
leaflet, flyer, or catalog, on radio, television, or a public address system, in direct mail literature
or other printed material, on any interior or exterior sign or display, in any window display, on a
computer display, or in any point-of-transaction literature or price tag that is delivered or made
available to a customer or prospective customer in any manner; except that the term does not
include materials required to be displayed by federal or state law
- ANS-1 "Depot License Plates" or "Depot Tags" - means a numbered plate issued by the
department authorizing the movement of dealership vehicles to and from the dealer's place of
business or storage for the purpose of completing work tha
- ANS-1) The amount of cash is more than $10,000 2) The business receives the cash as:
1) The establishment receives the cash in the ordinary course of a trade or business 2) The
same agent or buyer provides the cash3) The business receives the cash in a single transaction
or in related transactions
Example: Dave bought a new car and sold his old one for $11,000. The buyer paid Dave in
cash. Since Dave is not in the trade or business of selling cars, he would not be required to
report the receipt of cash exceeding $10,000 from the sale of the car.
Example: Jane operates a jewelry store in Puerto Rico and received payment in cash on a sale
of jewelry for $12,000. She will need to report the transaction on a Form 8300. In general, a
person engaged in a
- ANS-12-6-125. Advertisement - inclusion of dealer name A motor vehicle dealer or used
motor vehicle dealer or any agent of the dealers shall not advertise any offer for the sale, lease,
or purchase of a motor vehicle or a used motor vehicle that creates the false impression that the
vehicle is being offered by a private party or by a buyer's agent or that does not contain the
name of the dealer or the word "dealer" or, if the name is contained in the offer and does not
clearly reflect that the business is a dealer, both the name of the dealer and the word "dealer".
- ANS-12-6-302. Sunday closing No person, firm, or corporation, whether owner, proprietor,
agent, or employee, shall keep open, operate, or assist in keeping open or operating any place
or premises or residences, whether open or closed, for the purpose of selling, bartering, or
, exchanging or offering for sale, barter, or exchange any motor vehicle, whether new, used, or
secondhand, on the first day of the week commonly called Sunday. This part 3 shall not apply to
the opening of an establishment or place of business on the said first day of the week for other
purposes, such as the sale of petroleum products, tires, or automobile accessories, or for the
purpose of operating and conducting a motor vehicle repair shop, or for the purpose of
supplying such services as towing or wrecking. The provisions of this part 3 shall not apply to
the opening of an establishment or place of business on the said first day of the week for the
purpose of selling, bartering, or exchanging or offering for sale, barter, or exchange any boat,
boat trailer, snowmobile, or snowmobile trailer.
- ANS-A "used motor vehicle" is defined as any motor vehicle which has been sold, bargained,
exchanged, given away, or the title thereto transferred from the person who first took title thereto
from the manufacturer or importer, dealer or agent of the manufacturer or importer, or so used
as to have become what is commonly known as a "secondhand motor vehicle"." In the event of
transfer on the certificate of origin, from the original franchised dealer to any other dealer or
individual other than a franchised dealer of the same make of vehicle, the vehicle shall be
considered a "used" motor vehicle, and must be titled in the new owner's name. Vehicles with
more Than Fifteen Hundred (1500) miles of demonstration use shall be considered used'
vehicles. Such "demonstrators" and other motor vehicles 3 Auto Industry Division Study Guide-
Motor Vehicle Regulations which have been used by a dealer prior to their sale shall be titled in
the dealer's name and sold as "used" motor vehicles. All vehicles which do not qualify as "new"
motor vehicles shall be deemed to be "used" motor vehicles for the purpose of administration of
this Act.
- ANS-A dealer may issue a second temporary registration number plate in accordance with
this subsection (3) if the dealer: (I) Has issued a temporary plate to the owner when selling the
motor vehicle to the owner; (II) Has not delivered or facilitated the delivery of the certificate of
title to the purchaser or the holder of a chattel mortgage as required in section 42-6-112 or
42-6-119 (3) within sixty days after the motor vehicle was purchased; and (III) Has taken every
reasonable action necessary to deliver or facilitate the delivery of the certificate of title.
- ANS-A Temporary Registration Permit is not renewable, but when circumstances outlined in
section
42-3-203(3)(d), C.R.S., are met, the Dealer may issue a second Temporary Registration Permit
pursuant to the requirements in this rule.
- ANS-Advertisement of rate of finance charge. If an advertisement states a rate of finance
charge, it shall state the rate as an "annual percentage rate," using that term. If the annual
percentage rate may be increased after consummation, the advertisement shall state that fact. If
an advertisement is for credit not secured by a dwelling, the advertisement shall not state any
other rate, except that a simple annual rate or periodic rate that is applied to an unpaid balance
may be stated in conjunction with, but not more conspicuously than, the annual percentage rate.
If an advertisement is for credit secured by a dwelling, the advertisement shall not state any
other rate, except that a simple annual rate that is applied to an unpaid balance may be stated
