motor vehicle industry license Exam
Questions and Answers(Graded A)
Three of the following types of motor vehicles are exempt from the truth in mileage act. -
ANSWER-~Vehicles 10 years old or older
~Vehicles having a gross empty weight more than 10,000 lbs
~Vehicles not self propelled (Trailers)
The definition of a used motor vehicle dealer or used dealer includes which of the
following? - ANSWER-Any person who attempts to make profit lease or sale of a used
vehicle
The Motor Vehicle Board is authorized and empowered to: - ANSWER-All Of The
Above
~Amend and repeal rules, regulations and previsions
When advertising a specific number of motor vehicles, that same number of vehicles
must be invoiced to the dealer - ANSWER-TRUE
bait and switch - ANSWER-ad that attracts consumers with a low-priced product, then
tries to sell them a higher-priced product
Selling, Leasing, Trade-In, with option to purchase, offering or negotiating and
exchange of interest in 3+ vehicles in any 1 year is prima facie evidence that a person is
engaged in the business of selling or leasing motor vehicles - ANSWER-TRUE
By obtaining an off-premise permit, dealers may sell motor vehicles at another location
on Sunday - ANSWER-False
NO Sale of vehicle should be done on Sundays
, Which of the following statements is true regarding dealer demo plates? - ANSWER-a
demo drive cannot exceed 7 days
CO Lemon Law includes: - ANSWER-defects that substantially impair the market value
of the vehicle
Motor vehicle insurance is required: - ANSWER-for all registered vehicles intended for
use on colorado roads
Which is true regarding in-transit plates? - ANSWER-in-transit plates may be used to
transport vehicles from point of purchase to point of storage or from point of storage to
point of sale
Licensed dealers may sell which of the following on Sundays? - ANSWER-The selling of
boat trailers and snowmobile are exempt
Which of the following steps are required to properly and legally repossess a motor
vehicle? - ANSWER-effect a lien creating a security interest
An advertisement may include - ANSWER-licensed name with the word DEALER
which of the following is a used vehicle? - ANSWER-and any vehicle that has been
previously bought a demo vehicle with 1500 miles
Which of the following are deceptive trade practices? - ANSWER-All of the above
Bait and switch
How many temp permits may a dealer issue for each roadworthy vehicle sold? -
ANSWER-1
An extension can only be issued but the DMV
Depot plates may be used during normal business hours to transport a motor vehicle -
ANSWER-all of the above
Questions and Answers(Graded A)
Three of the following types of motor vehicles are exempt from the truth in mileage act. -
ANSWER-~Vehicles 10 years old or older
~Vehicles having a gross empty weight more than 10,000 lbs
~Vehicles not self propelled (Trailers)
The definition of a used motor vehicle dealer or used dealer includes which of the
following? - ANSWER-Any person who attempts to make profit lease or sale of a used
vehicle
The Motor Vehicle Board is authorized and empowered to: - ANSWER-All Of The
Above
~Amend and repeal rules, regulations and previsions
When advertising a specific number of motor vehicles, that same number of vehicles
must be invoiced to the dealer - ANSWER-TRUE
bait and switch - ANSWER-ad that attracts consumers with a low-priced product, then
tries to sell them a higher-priced product
Selling, Leasing, Trade-In, with option to purchase, offering or negotiating and
exchange of interest in 3+ vehicles in any 1 year is prima facie evidence that a person is
engaged in the business of selling or leasing motor vehicles - ANSWER-TRUE
By obtaining an off-premise permit, dealers may sell motor vehicles at another location
on Sunday - ANSWER-False
NO Sale of vehicle should be done on Sundays
, Which of the following statements is true regarding dealer demo plates? - ANSWER-a
demo drive cannot exceed 7 days
CO Lemon Law includes: - ANSWER-defects that substantially impair the market value
of the vehicle
Motor vehicle insurance is required: - ANSWER-for all registered vehicles intended for
use on colorado roads
Which is true regarding in-transit plates? - ANSWER-in-transit plates may be used to
transport vehicles from point of purchase to point of storage or from point of storage to
point of sale
Licensed dealers may sell which of the following on Sundays? - ANSWER-The selling of
boat trailers and snowmobile are exempt
Which of the following steps are required to properly and legally repossess a motor
vehicle? - ANSWER-effect a lien creating a security interest
An advertisement may include - ANSWER-licensed name with the word DEALER
which of the following is a used vehicle? - ANSWER-and any vehicle that has been
previously bought a demo vehicle with 1500 miles
Which of the following are deceptive trade practices? - ANSWER-All of the above
Bait and switch
How many temp permits may a dealer issue for each roadworthy vehicle sold? -
ANSWER-1
An extension can only be issued but the DMV
Depot plates may be used during normal business hours to transport a motor vehicle -
ANSWER-all of the above
