MASTERY EXAM 2026 FINAL REVIEW
QUESTIONS ANSWERS BUNDLED PRACTICE
COLLECTION
◉ 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
QUESTIONS ANSWERS BUNDLED PRACTICE
COLLECTION
◉ 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
