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A series of multiple-choice questions and answers related to the licensing and regulations governing motor vehicle sales in colorado. It covers topics such as dealer licensing requirements, advertising regulations, lemon law provisions, and consumer protection laws. Useful for individuals preparing for a sales mastery exam or seeking to understand the legal framework surrounding motor vehicle sales in colorado.
Typology: Exams
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The license of a motor vehicle salesperson or power-sports salesperson may be denied,revoked or suspended on any of the following grounds except: Correct 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? Correct Answer: d) All of the above Colorado Lemon law covers: Correct 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? Correct Answer: d) tax rate The motor vehicle dealer board is authorized and empowered to: Correct Answer: 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: Correct Answer: A)1 hours All motor vehicle dealers and power-sports dealers must post a celar, legible sign on their principal place of business if: Correct Answer: B) they wull be open less than 40 hours a week A dealer may issue a temporary permits for each roadworthy vehicle sold Correct Answer: B) false (verify) 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 moreso long as it does not exeed 5k Correct Answer: 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 Correct 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? Correct Answer: B)motor vehicles with out-of-state titles
In transite plates may be used on motor vehicles Correct 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 Correct 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 Correct Answer: Employing a properly licensed salesperson The only items that can be added to an advertised price are Correct Answer: 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 followin grounds except: Correct Answer: D)using point of sale literature in advertising Which of the following is true about colorado's lemon law? Correct Answer: C) "a reasonable number of attempts" to repair applied when the moter vehicle has been out of service for repairs a cumulative toal 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? Correct Answer: Delivering goods as promised A new or used motor vehicle dealer may legally do which of the following with a temporary permit? Correct Answer: Issue a permit for a demonstration drive by a consumer Re federal cash reporting rule requires dealers to file form 83000.... Correct Answer: 15 Days A new motor vehicle has three of the following chracterics. WHich one dosen't it have? Correct Answer: D) a title A dealer wholesaler or salesperons convicted of any felony or any crime.. Has how many days to report conviction? Correct Answer: A ) 30 Days Three of the followikng are require when a dealer is advertising a lease of a a motr vehicle or powersports vehicle with a payement amount which one is not required? Correct Answer: D) disclosing the cost of leasing versust the cost of purchasing
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 salesperons or powersports salesperson while awaiting a new license from the board Correct Answer: B) False Which of the following is acceptable proof of ownership of a motor vehicle for a colorado dealer? Correct Answer: A vehicle subject to a lien on the tile Records of vehicles transfers abd idineter statenebts must be retanied for: Correct Answer: C) 5 years Motor vehicle dealers, powersport dealers, used motor vehicle dealers, used powersports dealers or wholesalers are not required to report to the dealer board Correct Answer: B) any change in the hours of operation of the business whenthe business continues full time (review) Which of the following would indicate a motor vehicle is used Correct Answer: A certificate of title has been issued A motor vehicle dealer is responsible for : Correct Answer: D) all of the above
An advertisement would include Correct 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 Correct Answer: D) all of the above A buyer agent may Correct Answer: D) be retained or hired by a consumer to assist r, represent or act on behalf of such consumer in connection with the purchase or lease of Which of the following is a deceptive trade practice? Correct Answer: D) All of the above are deceptive trade practices Demonstration plates can be displayed on vehicles tat are used by the dealership for any commercial purpose Correct Answer: true A dealers advertising must contain the dealers licensed name and the words Correct Answer: C) dealer Which of the following does not fit the definition of a motor vehicle dealer
New and used motor vehicle dealers, powersports dealers, and wholesale auction dealers are required to have a surety bond Correct Answer: D) all of the above Motor vehicle and powersport salespeople are required to have a surety bond in the amount of : Correct Answer: 15k$ The buyers guide or "as is" sticker must be ( verify Correct Answer: Provided to a customer in another language than english ... In advertisement motor vehicle, a dealer or salesperson may Correct Answer: Make reference " dealer cost ;" or "invoice price: verify Which of the following teps are require to properly and legally reposses a mother vehicle Correct Answer: Effect a lien creatine g a security intert Which of the following motor vehicles may be sold on sundays?( verify) Correct Answer: C) Motor Homes ( verify)