Mastery Exam, Car Sales Test Colorado UPDATED ACTUAL Questions and
CORRECT Answers
The license of a motor vehicle salesperson or pow-
b) advertising a salvaged vehicle while identifying the
er-sports salesperson may be denied, revoked or sus-
vehicle as a salvage vehicle
pended on any of the following grounds except:
According to colorado law, which of the following must
be licensed as a motor vehicle dealer and or powersports d) All of the above
dealer?
switch advertising includes which of the following
Colorado Lemon law covers:
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...ex-
cept?
The motor vehicle dealer board is authorized and empow-
ered to:
Local law enforcement oflcers must be notified within
hours before or after the repossession of a motor vehicle
occurs:
All motor vehicle dealers and power-sports dealers must
post a clear, legible sign on their principal place of busi-
ness if:
A dealer may issue a temporary permits for each roadwor-
thy vehicle sold
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
The Colorado's consumer protection act declares bait and
switch advertising to be deceptive trade practice. Bait and
, c)defects that substantially impair the market value of
avehicle
d) tax rate
D) all of the above
A) 1 hours
B) they will be open less than 40 hours a week
B) false (verify)
a) True (verify)
d)all of the above
,Three of the following types of motor vehicles are exempt
B)motor vehicles with out-of-state titles
from the truth in mileage act. Which one is not exempt?
The motor vehicle dealer board does not have among its
c)three employees from the enforcement division
members
What is the highest fine per offense that the motor vehicle
dealer board or an administrative law judge may impose
$1,000
on a dealer , who sells primarily vehicles that weigh less
than 1,500 pounds
The permit cannot exceed six days except for the national
Three of the following are characteristics of an off-premise
western stock show, the colorado state fair, greely stam-
permit. . Which one is not?
pede
Which of the following is a true statement regarding deal- B) a dealer shall clearly indicate on the costumer contract
ers and buyers? 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 A) True
dealer
Dealers must either be self insured or have insurance for
A)True
their vehicles
D) consigned to wholesale auction dealers for transport
In transit plates may be used on motor vehicles
from point of purchase to point of storage
When a salesperson leaves a dealer, that dealer must do
Immediately employ a new salesperson, licensed or not
all of the following except
The license of a new or used dealer, wholesale auction
dealer or wholesaler may be denied suspended, revoked Employing a properly licensed salesperson
or fined for all of the following grounds except
The only items that can be added to an advertised price
C) Dealer handling and preparation charges
are
, The license of a motor vehicle salesperson or a power-
sports salesperson may be denied, revoked, or suspend- D) using point of sale literature in advertising
ed on any of the following grounds except:
be retained or hired by a consumer to assist, represent, or
act on behalf of such
A buyer agent may
consumer in connection with the purchase or lease of a
motor vehicle
Three of the following are deceptive trade practices.
Delivering goods as promised
Which of the following is not?
A new or used motor vehicle dealer may legally do which
Issue a permit for a demonstration drive by a consumer
of the following with a temporary permit?
Re federal cash reporting rule requires dealers to file form
15 Days
83000....
A new motor vehicle has three of the following character-
D) a title
istics. Which one doesn't it have?
A dealer wholesaler or salespersons convicted of any
felony or any crime.. Has how many days to report con- A ) 30 Days
viction?
Three of the following are require when a dealer is adver-
D) disclosing the cost of leasing versus the cost of pur-
tising a lease of a a motor vehicle or powersports vehicle
chasing
with a payment amount which one is not required?
A person who attempts to negotiate a sale or lease of a
The definition of a used mother vehicle dealer or used
used motor vehicle or powersports vehicle with the intent
powersports dealer includes which of the following ?
to make a profit or gain
A customer's trade- in vehicle on a financed deal may be
D) only when the financing has been approved
sold
C) must use a name other than their personal name on all
Wholesalers :
business documents
CORRECT Answers
The license of a motor vehicle salesperson or pow-
b) advertising a salvaged vehicle while identifying the
er-sports salesperson may be denied, revoked or sus-
vehicle as a salvage vehicle
pended on any of the following grounds except:
According to colorado law, which of the following must
be licensed as a motor vehicle dealer and or powersports d) All of the above
dealer?
switch advertising includes which of the following
Colorado Lemon law covers:
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...ex-
cept?
The motor vehicle dealer board is authorized and empow-
ered to:
Local law enforcement oflcers must be notified within
hours before or after the repossession of a motor vehicle
occurs:
All motor vehicle dealers and power-sports dealers must
post a clear, legible sign on their principal place of busi-
ness if:
A dealer may issue a temporary permits for each roadwor-
thy vehicle sold
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
The Colorado's consumer protection act declares bait and
switch advertising to be deceptive trade practice. Bait and
, c)defects that substantially impair the market value of
avehicle
d) tax rate
D) all of the above
A) 1 hours
B) they will be open less than 40 hours a week
B) false (verify)
a) True (verify)
d)all of the above
,Three of the following types of motor vehicles are exempt
B)motor vehicles with out-of-state titles
from the truth in mileage act. Which one is not exempt?
The motor vehicle dealer board does not have among its
c)three employees from the enforcement division
members
What is the highest fine per offense that the motor vehicle
dealer board or an administrative law judge may impose
$1,000
on a dealer , who sells primarily vehicles that weigh less
than 1,500 pounds
The permit cannot exceed six days except for the national
Three of the following are characteristics of an off-premise
western stock show, the colorado state fair, greely stam-
permit. . Which one is not?
pede
Which of the following is a true statement regarding deal- B) a dealer shall clearly indicate on the costumer contract
ers and buyers? 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 A) True
dealer
Dealers must either be self insured or have insurance for
A)True
their vehicles
D) consigned to wholesale auction dealers for transport
In transit plates may be used on motor vehicles
from point of purchase to point of storage
When a salesperson leaves a dealer, that dealer must do
Immediately employ a new salesperson, licensed or not
all of the following except
The license of a new or used dealer, wholesale auction
dealer or wholesaler may be denied suspended, revoked Employing a properly licensed salesperson
or fined for all of the following grounds except
The only items that can be added to an advertised price
C) Dealer handling and preparation charges
are
, The license of a motor vehicle salesperson or a power-
sports salesperson may be denied, revoked, or suspend- D) using point of sale literature in advertising
ed on any of the following grounds except:
be retained or hired by a consumer to assist, represent, or
act on behalf of such
A buyer agent may
consumer in connection with the purchase or lease of a
motor vehicle
Three of the following are deceptive trade practices.
Delivering goods as promised
Which of the following is not?
A new or used motor vehicle dealer may legally do which
Issue a permit for a demonstration drive by a consumer
of the following with a temporary permit?
Re federal cash reporting rule requires dealers to file form
15 Days
83000....
A new motor vehicle has three of the following character-
D) a title
istics. Which one doesn't it have?
A dealer wholesaler or salespersons convicted of any
felony or any crime.. Has how many days to report con- A ) 30 Days
viction?
Three of the following are require when a dealer is adver-
D) disclosing the cost of leasing versus the cost of pur-
tising a lease of a a motor vehicle or powersports vehicle
chasing
with a payment amount which one is not required?
A person who attempts to negotiate a sale or lease of a
The definition of a used mother vehicle dealer or used
used motor vehicle or powersports vehicle with the intent
powersports dealer includes which of the following ?
to make a profit or gain
A customer's trade- in vehicle on a financed deal may be
D) only when the financing has been approved
sold
C) must use a name other than their personal name on all
Wholesalers :
business documents
