STATE OF COLORADO MO TOR

STATE OF COLORADO MO TOR

VEHICLE DEALER BOARD

MASTERY EXAM WITH CO MPLETE

SOLUTIONS RATED A.

Question : The Motor Vehicle Dealer Board has among

its members

Correct answer: Board is comprised of three (3) motor

vehicle dealers, three (3) used motor vehicle dealers, and three (3) public members

Question : The Motor Vehicle Dealer Board is

authorized and empowered to

• issue or deny buyer agent licenses
• issue or deny manufacturer representative licenses
• issue or deny motor vehicle dealer and salesperson

licenses

• all of the above

Correct answer: C. the administration, enforcement,

issuance, and denial of licenses to motor vehicle dealers, motor vehicle salespersons, used motor vehicle dealers, wholesale motor vehicle auction dealers, and wholesalers

Question : The Motor Vehicle Dealer Board is

authorized and empowered to:

• investigate any suspected or alleged violation by any

motor vehicle salesperson

• investigate any suspected or alleged violation by any

motor vehicle dealer

• order an administrative hearing be held if it believes

there is probable cause that a violation occurred

• all of the above

Correct answer: D. (f) (I) To investigate through the

executive director, on its own motion or upon the written and signed complaint of any person, any suspected or alleged violation by any motor vehicle dealer, motor vehicle salesperson, used motor vehicle dealer, wholesale motor vehicle auction dealer, or wholesaler licensee of any of the terms and provisions of this part 1 or of any rule or regulation promulgated by the board under the authority conferred upon it in this section. The board shall order an investigation of all written and signed complaints, shall have the authority to issue subpoenas and to delegate the authority to issue subpoenas to the executive director, and the executive director shall make an investigation of all such

complaints transmitted by the board pursuant to section

12-6-105.

if the board determines that there is probable cause to believe a violation of this article has occurred, it may order that an administrative hearing be held pursuant to section 24-4-105, C.R.S.

Question : Dealers may be administratively fined by the

Dealer Board up to what amount for each separate offense?

Correct answer: (m) (I) (A) If a hearing is held before an

administrative law judge or a hearing officer designated by the board from within the board's membership, after due notice and a hearing by such judge or hearing officer pursuant to section 24-4-105, C.R.S., to review the findings of law and fact and the fairness of any fine imposed and to uphold such fine, to impose an administrative fine upon its own initiative, which shall not exceed ten thousand dollars for each separate offense

Question : New and used motor vehicle dealers,

wholesalers and wholesale auction dealers are required to have a surety bond in the amount of $

Correct answer: $50,000 for Dealer/Wholesaler

Question : Motor vehicle salespersons are required to

have a surety bond in the amount of $

Correct answer: Surety Bond with FULL LEGAL

NAME in the amount of $15,000. A photocopy may be submitted.

Question : Selling ___ or more vehicles or offering for

sale more than ___ vehicles at the same address or telephone number in any one calendar year, shall be prima facie evidence that a person is engaged in the business of selling motor vehicles.

Correct answer: The sale or lease of three or

more new or new and used motor vehicles or the offering for sale or lease of more than three new or new and used motor vehicles at the same address or telephone number in any one calendar year shall be prima facie evidence that a person is engaged in the business of selling or leasing new or new and used motor vehicles.

Question : The definition of a used motor vehicle dealer

includes which of the following?