CAR SALES MASTERY EXAM COLORADO ACTUAL
EXAM 2024 LATEST TEST WITH 250+ actual EXAM
QUESTIONS AND CORRECT ANSWERS (GRADED A+)
COLORADO CAR SALES MASTERY TEST 2024
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 ___ 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 RATED
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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 2 / 4
suspended on any of the following grounds except: - ANSWER ✔D)using point of sale literature in advertising A buyer agent may - ANSWER ✔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 Three of the following are deceptive trade practices. Which of the following is not? - ANSWER ✔Delivering goods as promised A new or used motor vehicle dealer may legally do which of the following with a temporary permit? - ANSWER ✔Issue a permit for a demonstration drive by a consumer Re federal cash reporting rule requires dealers to file form 83000.... - ANSWER ✔15 Days A new motor vehicle has three of the following characteristics. Which one doesn't it have? - ANSWER ✔D) a title A dealer wholesaler or salespersons convicted of any felony or any crime.. Has how many days to report conviction? - ANSWER ✔A ) 30 Days Three of the following are require when a dealer is advertising a lease of a a motor vehicle or powersports vehicle with a payment amount which one is not required? - ANSWER ✔D) disclosing the cost of leasing versus the cost of purchasing The definition of a used mother vehicle dealer or used powersports dealer includes which of the following ?
- ANSWER ✔A person who attempts to negotiate a sale or lease of a used motor vehicle or powersports
vehicle with the intent to make a profit or gain A customer's trade- in vehicle on a financed deal may be sold - ANSWER ✔D) only when the financing has been approved Wholesalers : - ANSWER ✔C)must use a name other than their personal name on all business documents A dealer is required to have on file the licenses of each of their employed salespersons but need not display them in their place of business - ANSWER ✔False The license of a motor vehicle salesperson or a powersports salesperson may be denied, revoked or 3 / 4
suspended on the following grounds - ANSWER ✔D) all of the above A dealer must take in the title in their own name before selling a car to retail customer - ANSWER ✔B) False A salesperson can change dealerships during the licensing year provided that the correct form and fee is submitted to the board such sales person may begin work as a motor vehicle salespersons or powersports salesperson while awaiting a new license from the board - ANSWER ✔B) False Records of vehicles transfers and odometer statements must be retained for: - ANSWER ✔C) 5 year Motor vehicle dealers, powersport dealers, used motor vehicle dealers, used powersports dealers or wholesalers are not required to report to the dealer board - ANSWER ✔B) any change in the hours of operation of the business when the business continues full time (review) Which of the following would indicate a motor vehicle is "used" - ANSWER ✔A certificate of title has been issued
A motor vehicle dealer is responsible for : - ANSWER ✔D) all of the above
An advertisement would include - ANSWER ✔D) all of the above The license of a new or used dealer, wholesale auction dealer, or wholesaler may be denied, suspended revoked or fined for the following - ANSWER ✔D) all of the above Which of the following is a deceptive trade practice? - ANSWER ✔D) All of the above are deceptive trade practices Demonstration plates can be displayed on vehicles that are used by the dealership for any commercial purpose - ANSWER ✔true A dealers advertising must contain the dealers licensed name and the words - ANSWER ✔C) dealer Which of the following does not fit the definition of a motor vehicle dealer - ANSWER ✔C) someone who sells motor vehicles solely to wholesalers Depot plates may be used during normal business hours to transport a motor vehicle - ANSWER ✔D ) all of the above Licensed powersport dealers may not sell powersports on Sundays ( verify) - ANSWER ✔False
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