NMASTERY EXAM QUESTIONS & 100%
VERIFIED ANSWERS / LATEST UPDATE
/ALREADY 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 answer.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 answer.d) All of the above
Colorado Lemon law covers: - Correct answer.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 answer.d) tax rate
The motor vehicle dealer board is authorized and empowered to: - Correct answer.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 answer.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 answer.B) they will be open less than 40 hours a week
A dealer may issue a temporary permits for each roadworthy vehicle sold - Correct answer.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 answer.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 answer.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 answer.B)motor vehicles with out-of-state titles
The motor vehicle dealer board does not have among its members - Correct answer.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
answer.$1,000
Three of the following are characteristics of an off-premise permit. . Which one is not? - Correct
answer.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 answer.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 answer.A)True
Dealers must either be self insured or have insurance for their vehicles - Correct answer.A)True
In transit plates may be used on motor vehicles - Correct answer.D) consigned to wholesale auction
dealers for transport from point of purchase to point of storage
VERIFIED ANSWERS / LATEST UPDATE
/ALREADY 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 answer.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 answer.d) All of the above
Colorado Lemon law covers: - Correct answer.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 answer.d) tax rate
The motor vehicle dealer board is authorized and empowered to: - Correct answer.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 answer.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 answer.B) they will be open less than 40 hours a week
A dealer may issue a temporary permits for each roadworthy vehicle sold - Correct answer.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 answer.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 answer.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 answer.B)motor vehicles with out-of-state titles
The motor vehicle dealer board does not have among its members - Correct answer.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
answer.$1,000
Three of the following are characteristics of an off-premise permit. . Which one is not? - Correct
answer.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 answer.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 answer.A)True
Dealers must either be self insured or have insurance for their vehicles - Correct answer.A)True
In transit plates may be used on motor vehicles - Correct answer.D) consigned to wholesale auction
dealers for transport from point of purchase to point of storage
