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STATE OF COLORADO MOTOR VEHICLE DEALER BOARD MASTERY EXAMINATION 2025 UPDATED ACTUAL EXAM WITH CORRECT SOLUTIONS.

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STATE OF COLORADO MOTOR VEHICLE DEALER BOARD MASTERY EXAMINATION 2025 UPDATED ACTUAL EXAM WITH CORRECT SOLUTIONS.

Institution
STATE OF COLORADO MOTOR VEHICLE DEALER BOARD
Course
STATE OF COLORADO MOTOR VEHICLE DEALER BOARD

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1 | Page

STATE OF COLORADO MOTOR VEHICLE
DEALER BOARD MASTERY
EXAMINATION 2025 UPDATED ACTUAL
EXAM WITH CORRECT SOLUTIONS.

The Motor Vehicle Dealer Board has among its members -
correct answer- Board is comprised of three (3) motor vehicle
dealers, three (3) used motor vehicle dealers, and three (3)
public members




https://www.colorado.gov/pacific/enforcement/dealer-board-
members-auto-industry-division




The Motor Vehicle Dealer Board is authorized and empowered
to


a. issue or deny buyer agent licenses
b. issue or deny manufacturer representative licenses
c. issue or deny motor vehicle dealer and salesperson licenses
d. all of the above - correct answer- C. the administration,
enforcement, issuance, and denial of licenses to motor vehicle
dealers, motor vehicle salespersons, used motor vehicle
dealers, wholesale motor vehicle auction dealers, and
wholesalers

,2 | Page

https://www.colorado.gov/pacific/sites/default/files/January%20
7%202015%20Motor%20Vehicles%20laws.pdf


The executive director is hereby charged with the
administration, enforcement, and issuance or denial of the
licensing of buyer agents, distributors, manufacturer
representatives, and motor vehicle manufacturers.




The Motor Vehicle Dealer Board is authorized and empowered
to:
a. investigate any suspected or alleged violation by any motor
vehicle salesperson
b. investigate any suspected or alleged violation by any motor
vehicle dealer
c. order an administrative hearing be held if it believes there is
probable cause that a
violation occurred
d. all of the above - correct answer- D.
(f) (I) To investigate through the executive director, on its own
motion or upon the written and signed complaint of any person,
any suspected or alleged violation by any motor vehicle dealer,
motor vehicle
salesperson, used motor vehicle dealer, wholesale motor
vehicle auction dealer, or wholesaler licensee of any of the
terms and provisions of this part 1 or of any rule or regulation
promulgated by the board
under the authority conferred upon it in this section. The board
shall order an investigation of all written and signed complaints,

,3 | Page

shall have the authority to issue subpoenas and to delegate the
authority to issue subpoenas to the executive director, and the
executive director shall make an investigation of all such
complaints transmitted by the board pursuant to section 12-6-
105.


if the board determines that there is probable cause to believe
a violation of this article has occurred, it may order that an
administrative hearing be held pursuant to section 24-4-105,
C.R.S.


https://www.colorado.gov/pacific/sites/default/files/January%20
7%202015%20Motor%20Vehicles%20laws.pdf




Dealers may be administratively fined by the Dealer Board up
to what amount for
each separate offense? - correct answer- (m) (I) (A) If a hearing
is held before an administrative law judge or a hearing officer
designated by the
board from within the board's membership, after due notice and
a hearing by such judge or hearing
officer pursuant to section 24-4-105, C.R.S., to review the
findings of law and fact and the fairness of any
fine imposed and to uphold such fine, to impose an
administrative fine upon its own initiative, which
shall not exceed ten thousand dollars for each separate offense

, 4 | Page

https://www.colorado.gov/pacific/sites/default/files/January%20
7%202015%20Motor%20Vehicles%20laws.pdf




New and used motor vehicle dealers, wholesalers and
wholesale auction dealers are
required to have a surety bond in the amount of $ - correct
answer- $50,000 for Dealer/Wholesaler


https://www.colorado.gov/pacific/enforcement/dealer-and-
wholesaler-motor-vehicle-powersports-auto-industry-division




Motor vehicle salespersons are required to have a surety bond
in the amount of
$ - correct answer- Surety Bond with FULL LEGAL NAME in
the amount of $15,000. A photocopy may be submitted.


https://www.colorado.gov/pacific/enforcement/salesperson-
auto-industry-division




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
a person is engaged in the business of selling motor vehicles. -
correct answer- The sale or lease of three or

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Institution
STATE OF COLORADO MOTOR VEHICLE DEALER BOARD
Course
STATE OF COLORADO MOTOR VEHICLE DEALER BOARD

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