Sales Mastery Exam Questions With Correct Answers

Sales Mastery Exam Questions With Correct Answers 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 b) 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 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 1 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 celar, legible sign on their principal place of business if: - ANSWER B) they wull 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 moreso long as it does not exeed 5k - ANSWER a)True (verify) The colorado 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 wigh 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 withou 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 transite 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