Sales Mastery test (set question 2) | Questions & Answers (100 %Score) Latest Updated
2024/2025 Comprehensive Questions A+ Graded Answers | 100% Pass
The Motor Vehicle Dealer Board is authorized and empowered to: - issue or deny motor vehicle dealer
and salesperson licenses
he Motor Vehicle Dealer Board is authorized and empowered to: - d. all of the above
Dealers may be administratively fined by the Dealer Board up to what amount foreach separate
offense? - shall not exceed ten thousand dollars for each separate offense
New and used motor vehicle dealers, wholesalers and wholesale auction dealers arerequired to have a
surety bond in the amount of ? - $50,000 for Dealer/Wholesaler
Motor vehicle salespersons are required to have a surety bond in the amount of? - $15,000
Selling ___ or more vehicles or offering for sale more than ___ vehicles at the sameaddress or telephone
number in any one calendar year, shall be prima facie evidence that - A person is engaged in the
business of selling motor vehicles.
The definition of a used motor vehicle dealer includes which of the following? - "Used motor vehicle
dealer" means any person who, for commission or with intent to make a profit sells used cars.
Wholesalers may: - make a profit or gain selling to dealers and wholesalers
Three of the following are characteristics of an off-premise permit. Which one isnot? - the permit could
be used for a permanent second location
All motor vehicle dealers and used motor vehicle dealers must be open - a. a minimum of 12 hours per
week Hours of operation posted and opened at least 3 days per week for a continuous four hours per
day between 8 AM and 9 PM.
, the license of a motor vehicle salesperson may be denied, revoked, or suspendedon the following
grounds except: - advertising a salvaged vehicle that identifies that vehicle as a salvage vehicle
The license of a motor vehicle salesperson may be denied, revoked, or suspendedon the following
grounds except: - . not having a valid Colorado drivers license
The license of a motor vehicle salesperson may be denied, revoked, or suspendedon the following
grounds except - to engage as a licensee without having in force a good and sufficient bond
withcorporate surety
A dealer, wholesaler or salesperson who is convicted of any felony or any crimepursuant to Article 3, 4
or 5 of Title 18, C.R.S. (felony or criminal misdemeanor) or likecrime pursuant to federal law or law of
any other state has _____ days to give the DealerBoard written notice of such conviction? - thirty days
after such conviction
When a salesperson voluntarily leaves or is discharged from a dealership, the dealermust immediately
return that salesperson's _________ to the Dealer Board. - motor vehicle dealer or used motor vehicle
dealer who last employed the salesperson shallconfiscate and return such salesperson's license to the
board
A salesperson can change dealerships during the licensing year provided that aChange of Employer
Notification form is submitted to the Board. It is unlawful for suchsalesperson to act as a motor vehicle
salesperson until a new _________ is procured. - It shall be unlawful for such salesperson to act as
amotor vehicle salesperson until a new license is procured.
A buyer agent may: - be retained or hired by a consumer to assist, represent, or act on behalf of such
A new motor vehicle has three of the following characteristics. Which onedoesn't it have? - motor
vehicle that is titled
Which of the following would always indicate a motor vehicle is used? - a vehicle that is titled
2024/2025 Comprehensive Questions A+ Graded Answers | 100% Pass
The Motor Vehicle Dealer Board is authorized and empowered to: - issue or deny motor vehicle dealer
and salesperson licenses
he Motor Vehicle Dealer Board is authorized and empowered to: - d. all of the above
Dealers may be administratively fined by the Dealer Board up to what amount foreach separate
offense? - shall not exceed ten thousand dollars for each separate offense
New and used motor vehicle dealers, wholesalers and wholesale auction dealers arerequired to have a
surety bond in the amount of ? - $50,000 for Dealer/Wholesaler
Motor vehicle salespersons are required to have a surety bond in the amount of? - $15,000
Selling ___ or more vehicles or offering for sale more than ___ vehicles at the sameaddress or telephone
number in any one calendar year, shall be prima facie evidence that - A person is engaged in the
business of selling motor vehicles.
The definition of a used motor vehicle dealer includes which of the following? - "Used motor vehicle
dealer" means any person who, for commission or with intent to make a profit sells used cars.
Wholesalers may: - make a profit or gain selling to dealers and wholesalers
Three of the following are characteristics of an off-premise permit. Which one isnot? - the permit could
be used for a permanent second location
All motor vehicle dealers and used motor vehicle dealers must be open - a. a minimum of 12 hours per
week Hours of operation posted and opened at least 3 days per week for a continuous four hours per
day between 8 AM and 9 PM.
, the license of a motor vehicle salesperson may be denied, revoked, or suspendedon the following
grounds except: - advertising a salvaged vehicle that identifies that vehicle as a salvage vehicle
The license of a motor vehicle salesperson may be denied, revoked, or suspendedon the following
grounds except: - . not having a valid Colorado drivers license
The license of a motor vehicle salesperson may be denied, revoked, or suspendedon the following
grounds except - to engage as a licensee without having in force a good and sufficient bond
withcorporate surety
A dealer, wholesaler or salesperson who is convicted of any felony or any crimepursuant to Article 3, 4
or 5 of Title 18, C.R.S. (felony or criminal misdemeanor) or likecrime pursuant to federal law or law of
any other state has _____ days to give the DealerBoard written notice of such conviction? - thirty days
after such conviction
When a salesperson voluntarily leaves or is discharged from a dealership, the dealermust immediately
return that salesperson's _________ to the Dealer Board. - motor vehicle dealer or used motor vehicle
dealer who last employed the salesperson shallconfiscate and return such salesperson's license to the
board
A salesperson can change dealerships during the licensing year provided that aChange of Employer
Notification form is submitted to the Board. It is unlawful for suchsalesperson to act as a motor vehicle
salesperson until a new _________ is procured. - It shall be unlawful for such salesperson to act as
amotor vehicle salesperson until a new license is procured.
A buyer agent may: - be retained or hired by a consumer to assist, represent, or act on behalf of such
A new motor vehicle has three of the following characteristics. Which onedoesn't it have? - motor
vehicle that is titled
Which of the following would always indicate a motor vehicle is used? - a vehicle that is titled
