Mastery Exam, Car Sales Test
Colorado Latest Questions And
Detailed Answers A Score.
Motor vehicle salespersons are required to have a surety bond in the amount
of? - ANSWER-$15,000
Selling ___ or more vehicles or offering for sale more than ___ vehicles at the
same address or telephone number in any one calendar year, shall be prima
facie evidence that - ANSWER-A person is engaged in the business of selling
motor vehicles.
The definition of a used motor vehicle dealer includes which of the following?
- ANSWER-"Used motor vehicle dealer" means any person who, for
commission or with intent to make a profit sells used cars.
,Wholesalers may: - ANSWER-make a profit or gain selling to dealers and
wholesalers
Three of the following are characteristics of an off-premise permit. Which one
is not? - ANSWER-the permit could be used for a permanent second location
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-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-All of the above
Colorado Lemon law covers: - ANSWER-defects that substantially impair the
market value of the 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-tax rate
The motor vehicle dealer board is authorized and empowered to: - ANSWER-
All the above
The motor vehicle dealer board is authorized and empowered to: - ANSWER-
All the above
Local law enforcement officers must be notified within repossession of a
motor vehicle occurs: - ANSWER-1 Hour
All motor vehicle dealers and power-sports dealers must post a clear, legible
sign on their principal place of business if: - ANSWER-they will be open less
than 40 hours a week
A dealer may issue a temporary permits for each roadworthy vehicle sold -
ANSWER-False
, 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-True
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-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-motor vehicles with out-of-
state titles
The motor vehicle dealer board does not have among its members - ANSWER-
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
Colorado Latest Questions And
Detailed Answers A Score.
Motor vehicle salespersons are required to have a surety bond in the amount
of? - ANSWER-$15,000
Selling ___ or more vehicles or offering for sale more than ___ vehicles at the
same address or telephone number in any one calendar year, shall be prima
facie evidence that - ANSWER-A person is engaged in the business of selling
motor vehicles.
The definition of a used motor vehicle dealer includes which of the following?
- ANSWER-"Used motor vehicle dealer" means any person who, for
commission or with intent to make a profit sells used cars.
,Wholesalers may: - ANSWER-make a profit or gain selling to dealers and
wholesalers
Three of the following are characteristics of an off-premise permit. Which one
is not? - ANSWER-the permit could be used for a permanent second location
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-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-All of the above
Colorado Lemon law covers: - ANSWER-defects that substantially impair the
market value of the 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-tax rate
The motor vehicle dealer board is authorized and empowered to: - ANSWER-
All the above
The motor vehicle dealer board is authorized and empowered to: - ANSWER-
All the above
Local law enforcement officers must be notified within repossession of a
motor vehicle occurs: - ANSWER-1 Hour
All motor vehicle dealers and power-sports dealers must post a clear, legible
sign on their principal place of business if: - ANSWER-they will be open less
than 40 hours a week
A dealer may issue a temporary permits for each roadworthy vehicle sold -
ANSWER-False
, 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-True
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-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-motor vehicles with out-of-
state titles
The motor vehicle dealer board does not have among its members - ANSWER-
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
