Colorado Car Sales Mastery Exam Questions and Answers 2024 Updated
The license of a motor vehicle salesperson or power-sports salesperson may be denied, revoked or suspended on any of the following grounds except: - 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? - d) All of the above
Colorado Lemon law covers: - 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? - d) tax rate
The motor vehicle dealer board is authorized and empowered to: - 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: - A)1 hour
All motor vehicle dealers and power-sports dealers must post a clear, legible sign on their principal place of business if: - B) they will be open less than 40 hours a week
A dealer may issue a temporary permit for each roadworthy vehicle sold - B) false (verify)
The motor vehicle dealer board may be decided 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 exceed 5k - 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 - 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? - B) motor vehicles with out-of-state titles
The motor vehicle dealer board does not have among its members - 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 -
$1,000 1 / 2
Three of the following are characteristics of an off-premise permit. Which one is not? - 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? - 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 - A) True
Dealers must either be self-insured or have insurance for their vehicles - A) True
In transited plates may be used on motor vehicles - 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 - 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 - Employing a properly licensed salesperson
The only items that can be added to an advertised price are - 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: - D) using point of sale literature in advertising
Which of the following is true about Colorado’s lemon law? - C) "a reasonable number of attempts" to repair applied when the motor vehicle has been out of service for repairs a cumulative total of 30 or more business days during the warranty term or 1 year from date of delivery
Three of the following are deceptive trade practices. Which of the following is not? - Delivering goods as promised
A new or used motor vehicle dealer may legally do which of the following with a temporary permit? - Issue a permit for a demonstration drive by a consumer
Re federal cash reporting rule requires dealers to file form 83000.... - 15 Days
A new motor vehicle has three of the following characters. Which one doesn’t it have? - D) a title
- / 2