COLORADO CAR SALES MASTERY EXAM NEWEST
Latest recent & frequently tested with questions and
verified accurate solutions (detailed & elaborated)
GRADED A+
,The license of a motor vehicle salesperson or power-sports salesperson may be denied, revoked or
suspended on any of the following grounds except: - correct ans: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? - correct ans:d) All of the above
Colorado Lemon law covers: - correct ans: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? - correct ans:d) tax rate
The motor vehicle dealer board is authorized and empowered to: - correct ans:D)all of the above
Local law enforcement officers must be notified within ___ hours before or after the repossession of a
motor vehicle occurs: - correct ans:A)1 hours
All motor vehicle dealers and power-sports dealers must post a clear, legible sign on their principal place
of business if: - correct ans:B) they will be open less than 40 hours a week
A dealer may issue a temporary permits for each roadworthy vehicle sold - correct ans:B) false (verify)
The motor vehicle dealer board may be decide 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 - correct ans: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 - correct ans: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? - correct ans:B)motor vehicles with out-of-state titles
,The motor vehicle dealer board does not have among its members - correct ans: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 - correct ans:
$1,000
Three of the following are characteristics of an off-premise permit. . Which one is not? - correct ans: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? - correct ans: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 - correct ans:A)True
Dealers must either be self insured or have insurance for their vehicles - correct ans:A)True
In transit plates may be used on motor vehicles - correct ans: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 - correct
ans: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 - correct ans:Employing a properly licensed
salesperson
The only items that can be added to an advertised price are - correct ans: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: - correct ans:D)using point of sale literature in
advertising
A buyer agent may - correct ans: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? - correct
ans:Delivering goods as promised
A new or used motor vehicle dealer may legally do which of the following with a temporary permit? -
correct ans:Issue a permit for a demonstration drive by a consumer
Re federal cash reporting rule requires dealers to file form 83000.... - correct ans:15 Days
A new motor vehicle has three of the following characteristics. Which one doesn't it have? - correct
ans:D) a title
A dealer wholesaler or salespersons convicted of any felony or any crime.. Has how many days to report
conviction? - correct ans:A ) 30 Days
Three of the following are require when a dealer is advertising a lease of a a motor vehicle or
powersports vehicle with a payment amount which one is not required? - correct ans: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 ? - correct ans:A person who attempts to negotiate a sale or lease of a used motor vehicle or
powersports vehicle with the intent to make a profit or gain
A customer's trade- in vehicle on a financed deal may be sold - correct ans:D) only when the financing
has been approved
Latest recent & frequently tested with questions and
verified accurate solutions (detailed & elaborated)
GRADED A+
,The license of a motor vehicle salesperson or power-sports salesperson may be denied, revoked or
suspended on any of the following grounds except: - correct ans: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? - correct ans:d) All of the above
Colorado Lemon law covers: - correct ans: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? - correct ans:d) tax rate
The motor vehicle dealer board is authorized and empowered to: - correct ans:D)all of the above
Local law enforcement officers must be notified within ___ hours before or after the repossession of a
motor vehicle occurs: - correct ans:A)1 hours
All motor vehicle dealers and power-sports dealers must post a clear, legible sign on their principal place
of business if: - correct ans:B) they will be open less than 40 hours a week
A dealer may issue a temporary permits for each roadworthy vehicle sold - correct ans:B) false (verify)
The motor vehicle dealer board may be decide 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 - correct ans: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 - correct ans: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? - correct ans:B)motor vehicles with out-of-state titles
,The motor vehicle dealer board does not have among its members - correct ans: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 - correct ans:
$1,000
Three of the following are characteristics of an off-premise permit. . Which one is not? - correct ans: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? - correct ans: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 - correct ans:A)True
Dealers must either be self insured or have insurance for their vehicles - correct ans:A)True
In transit plates may be used on motor vehicles - correct ans: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 - correct
ans: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 - correct ans:Employing a properly licensed
salesperson
The only items that can be added to an advertised price are - correct ans: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: - correct ans:D)using point of sale literature in
advertising
A buyer agent may - correct ans: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? - correct
ans:Delivering goods as promised
A new or used motor vehicle dealer may legally do which of the following with a temporary permit? -
correct ans:Issue a permit for a demonstration drive by a consumer
Re federal cash reporting rule requires dealers to file form 83000.... - correct ans:15 Days
A new motor vehicle has three of the following characteristics. Which one doesn't it have? - correct
ans:D) a title
A dealer wholesaler or salespersons convicted of any felony or any crime.. Has how many days to report
conviction? - correct ans:A ) 30 Days
Three of the following are require when a dealer is advertising a lease of a a motor vehicle or
powersports vehicle with a payment amount which one is not required? - correct ans: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 ? - correct ans:A person who attempts to negotiate a sale or lease of a used motor vehicle or
powersports vehicle with the intent to make a profit or gain
A customer's trade- in vehicle on a financed deal may be sold - correct ans:D) only when the financing
has been approved
