The license of a motor vehicle salesperson or power-sports salesperson may be denied,
revoked or suspended on any of the following grounds except: - 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? - answer d) All of the above
Colorado Lemon law covers: - 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? -
answer d) tax rate
The motor vehicle dealer board is authorized and empowered to: - 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: - 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: - answer B) they will be open less than 40 hours a week
A dealer may issue a temporary permits for each roadworthy vehicle sold - 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 -
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 -
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? - answer B)motor vehicles with out-of-state titles
The motor vehicle dealer board does not have among its members - 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 - answer $1,000
Three of the following are characteristics of an off-premise permit. . Which one is not? -
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? - 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 - answer A)True
Dealers must either be self insured or have insurance for their vehicles - answer A)True
In transit plates may be used on motor vehicles - answer 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 - answer
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 - answer Employing a
properly licensed salesperson
The only items that can be added to an advertised price are - answer 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: - answer D)using point of
sale literature in advertising
A buyer agent may - answer 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? -
answer Delivering goods as promised
A new or used motor vehicle dealer may legally do which of the following with a temporary
permit? - answer Issue a permit for a demonstration drive by a consumer
Re federal cash reporting rule requires dealers to file form 83000.... - answer 15 Days
A new motor vehicle has three of the following characteristics. Which one doesn't it have?
- answer D) a title
A dealer wholesaler or salespersons convicted of any felony or any crime.. Has how many
days to report conviction? - answer 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? - answer 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 ? - answer 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 - answer D) only when the
financing has been approved
Wholesalers : - answer C)must use a name other than their personal name on all business
documents
A dealer is required to have on file the licenses of each of their employed salespersons but
need not display them in their place of business - answer False
The license of a motor vehicle salesperson or a powersports salesperson may be denied,
revoked or suspended on the following grounds - answer D) all of the above
A dealer must take in the title in their own name before selling a car to retail customer -
answer B) False
A salesperson can change dealerships during the licensing year provided that the correct
form and fee is submitted to the board such sales person may begin work as a motor vehicle
salespersons or powersports salesperson while awaiting a new license from the board -
answer B) False
Records of vehicles transfers and odometer statements must be retained for: - answer C) 5
year
revoked or suspended on any of the following grounds except: - 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? - answer d) All of the above
Colorado Lemon law covers: - 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? -
answer d) tax rate
The motor vehicle dealer board is authorized and empowered to: - 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: - 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: - answer B) they will be open less than 40 hours a week
A dealer may issue a temporary permits for each roadworthy vehicle sold - 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 -
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 -
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? - answer B)motor vehicles with out-of-state titles
The motor vehicle dealer board does not have among its members - 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 - answer $1,000
Three of the following are characteristics of an off-premise permit. . Which one is not? -
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? - 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 - answer A)True
Dealers must either be self insured or have insurance for their vehicles - answer A)True
In transit plates may be used on motor vehicles - answer 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 - answer
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 - answer Employing a
properly licensed salesperson
The only items that can be added to an advertised price are - answer 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: - answer D)using point of
sale literature in advertising
A buyer agent may - answer 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? -
answer Delivering goods as promised
A new or used motor vehicle dealer may legally do which of the following with a temporary
permit? - answer Issue a permit for a demonstration drive by a consumer
Re federal cash reporting rule requires dealers to file form 83000.... - answer 15 Days
A new motor vehicle has three of the following characteristics. Which one doesn't it have?
- answer D) a title
A dealer wholesaler or salespersons convicted of any felony or any crime.. Has how many
days to report conviction? - answer 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? - answer 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 ? - answer 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 - answer D) only when the
financing has been approved
Wholesalers : - answer C)must use a name other than their personal name on all business
documents
A dealer is required to have on file the licenses of each of their employed salespersons but
need not display them in their place of business - answer False
The license of a motor vehicle salesperson or a powersports salesperson may be denied,
revoked or suspended on the following grounds - answer D) all of the above
A dealer must take in the title in their own name before selling a car to retail customer -
answer B) False
A salesperson can change dealerships during the licensing year provided that the correct
form and fee is submitted to the board such sales person may begin work as a motor vehicle
salespersons or powersports salesperson while awaiting a new license from the board -
answer B) False
Records of vehicles transfers and odometer statements must be retained for: - answer C) 5
year
