Questions and Answers
1. The license of a motor vehicle salesperson or power-sports
salesperson may be denied, revoked or suspended on any of the
following grounds except:: b) advertising a salvaged vehicle while identifying the vehicle
as a salvage vehicle
2. According to colorado law, which of the following must be licensed as
a motor vehicle dealer and or powersports dealer?: d) All of the above
3. Colorado Lemon law covers:: c)defects that substantially impair the market value of a
vehicle
4. 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?: d) tax rate
5. The motor vehicle dealer board is authorized and empowered to:: D)all
of the above
6. Local law
enforcement officers must be notified within hours before
or after the repossession of a motor vehicle occurs:: A)1 hours
,7. All motor vehicle dealers and power-sports dealers must post a
clear, legible sign on their principal place of business if:: B) they will be open
less than 40 hours a week
8. A dealer may issue a temporary permits for each roadworthy
vehicle sold: B) false (verify)
9. 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: a)True (verify)
10. 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: d)all of the above
11. Three of the following types of motor vehicles are exempt from
the truth in mileage act. Which one is not exempt?: B)motor vehicles with out-of-
state titles
12. The motor vehicle dealer board does not have among its
members: c)three employees from the enforcement division
13. 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: $1,000
14. Three of the following are characteristics of an off-premise
permit. . Which one is not?: The permit cannot exceed six days except for the national western
stock show, the colorado state fair, greely stampede
15. Which of the following is a true statement regarding dealers
and buyers?: B) a dealer shall clearly indicate on the costumer contract when a vehicle sold "as
is" and without a guarantee
16. When advertising a specific number of motor vehicles that
same number of vehicles must have been invoiced to the dealer:
A)True
17. Dealers must either be self insured or have insurance for their
vehicles: A)True
18. In transit plates may be used on motor vehicles: D) consigned to
wholesale auction dealers for transport from point of purchase to point of storage
19. When a salesperson leaves a dealer, that dealer must do all of
the following except: Immediately employ a new salesperson, licensed or not
20. 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: Employing a properly licensed salesperson
21. The only items that can be added to an advertised price are: C)
Dealer handling and preparation charges
22. The license of a motor vehicle salesperson or a powersports
salesperson may be denied, revoked, or suspended on any of the
following grounds ex- cept:: D)using point of sale literature in advertising
23. A buyer agent may: 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
24. Three of the following are deceptive trade practices. Which of
the following is not?: Delivering goods as promised
25. A new or used motor vehicle dealer may legally do which of
the following with a temporary permit?: Issue a permit for a demonstration drive by
a consumer
26. Re federal cash reporting rule requires dealers to file form
83000....: 15 Days
27. A new motor vehicle has three of the following characteristics.
Which one doesn't it have?: D) a title