Mastery Exam (with Complete Solutions)

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 answers 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 answers d) All of the above Colorado Lemon law covers: correct answers 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 answers d) tax rate The motor vehicle dealer board is authorized and empowered to: correct answers 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 answers 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 answers B) they will be open less than 40 hours a week A dealer may issue a temporary permits for each roadworthy vehicle sold correct answers 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 answers 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 answers 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 answers B)motor vehicles with out-of-state titles The motor vehicle dealer board does not have among its members correct answers 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 answers $1,000