Mastery Exam 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?
c)defects that substantially impair the market value of a
Colorado Lemon law covers:
vehicle
Three of the following are required to be disclosed in an
advertisement when a dealer is advertisement a closed
d) tax rate
end credit sale of a mother vehicle or powersports...ex-
cept?
The motor vehicle dealer board is authorized and empow-
D) all of the above
ered to:
Local law enforcement oflcers must be notified within
hours before or after the repossession of a motor vehicle A) 1 hours
occurs:
All motor vehicle dealers and power-sports dealers must
post a clear, legible sign on their principal place of busi- B) they will be open less than 40 hours a week
ness if:
A dealer may issue a temporary permits for each roadwor-
B) false (verify)
thy vehicle sold
The motor vehicle dealer board may be decide how large
a fine to impose on a dealer who sells primarily vehicles
a) True (verify)
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 d)all of the above
switch advertising includes which of the following
, 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 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?
c)defects that substantially impair the market value of a
Colorado Lemon law covers:
vehicle
Three of the following are required to be disclosed in an
advertisement when a dealer is advertisement a closed
d) tax rate
end credit sale of a mother vehicle or powersports...ex-
cept?
The motor vehicle dealer board is authorized and empow-
D) all of the above
ered to:
Local law enforcement oflcers must be notified within
hours before or after the repossession of a motor vehicle A) 1 hours
occurs:
All motor vehicle dealers and power-sports dealers must
post a clear, legible sign on their principal place of busi- B) they will be open less than 40 hours a week
ness if:
A dealer may issue a temporary permits for each roadwor-
B) false (verify)
thy vehicle sold
The motor vehicle dealer board may be decide how large
a fine to impose on a dealer who sells primarily vehicles
a) True (verify)
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 d)all of the above
switch advertising includes which of the following
, 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
