MASTERY EXAM CORRECT
QUESTIONS & ANSWERS(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: - ANSWERb)
advertising a salvaged vehicle while identifying the vehicle as a salvage vehicle
When a salesperson leaves a dealer, that dealer must do all of the following except -
ANSWERImmediately 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 -
ANSWEREmploying a properly licensed salesperson
The only items that can be added to an advertised price are - ANSWERC) 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: -
ANSWERD)using point of sale literature in advertising
According to colorado law, which of the following must be licensed as a motor
vehicle dealer and or powersports dealer? - ANSWERd) All of the above
Colorado Lemon law covers: - ANSWERc)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? - ANSWERd) tax rate
The motor vehicle dealer board is authorized and empowered to: - ANSWERD)all of
the above
Local law enforcement officers must be notified within ___ hours before or after the
repossession of a motor vehicle occurs: - ANSWERA)1 hours
All motor vehicle dealers and power-sports dealers must post a clear, legible sign on
their principal place of business if: - ANSWERB) they will be open less than 40 hours
a week
A dealer may issue a temporary permits for each roadworthy vehicle sold -
ANSWERB) 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 - ANSWERa)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 -
ANSWERd)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? - ANSWERB)motor vehicles with out-of-state titles
The motor vehicle dealer board does not have among its members -
ANSWERc)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? - ANSWERThe 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? -
ANSWERB) 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 - ANSWERA)True
Dealers must either be self insured or have insurance for their vehicles -
ANSWERA)True
In transit plates may be used on motor vehicles - ANSWERD) consigned to
wholesale auction dealers for transport from point of purchase to point of storage
A buyer agent may - ANSWERbe 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? -
ANSWERDelivering goods as promised
A new or used motor vehicle dealer may legally do which of the following with a
temporary permit? - ANSWERIssue a permit for a demonstration drive by a
consumer
Re federal cash reporting rule requires dealers to file form 83000.... - ANSWER15
Days
QUESTIONS & ANSWERS(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: - ANSWERb)
advertising a salvaged vehicle while identifying the vehicle as a salvage vehicle
When a salesperson leaves a dealer, that dealer must do all of the following except -
ANSWERImmediately 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 -
ANSWEREmploying a properly licensed salesperson
The only items that can be added to an advertised price are - ANSWERC) 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: -
ANSWERD)using point of sale literature in advertising
According to colorado law, which of the following must be licensed as a motor
vehicle dealer and or powersports dealer? - ANSWERd) All of the above
Colorado Lemon law covers: - ANSWERc)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? - ANSWERd) tax rate
The motor vehicle dealer board is authorized and empowered to: - ANSWERD)all of
the above
Local law enforcement officers must be notified within ___ hours before or after the
repossession of a motor vehicle occurs: - ANSWERA)1 hours
All motor vehicle dealers and power-sports dealers must post a clear, legible sign on
their principal place of business if: - ANSWERB) they will be open less than 40 hours
a week
A dealer may issue a temporary permits for each roadworthy vehicle sold -
ANSWERB) 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 - ANSWERa)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 -
ANSWERd)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? - ANSWERB)motor vehicles with out-of-state titles
The motor vehicle dealer board does not have among its members -
ANSWERc)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? - ANSWERThe 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? -
ANSWERB) 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 - ANSWERA)True
Dealers must either be self insured or have insurance for their vehicles -
ANSWERA)True
In transit plates may be used on motor vehicles - ANSWERD) consigned to
wholesale auction dealers for transport from point of purchase to point of storage
A buyer agent may - ANSWERbe 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? -
ANSWERDelivering goods as promised
A new or used motor vehicle dealer may legally do which of the following with a
temporary permit? - ANSWERIssue a permit for a demonstration drive by a
consumer
Re federal cash reporting rule requires dealers to file form 83000.... - ANSWER15
Days
