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Colorado Motor Vehicle Dealer Licensing Exam Practice Questions, Exams of Public Policy

Minot State University (MSU) - Bottineau CampusPublic Policy

A series of multiple-choice questions and answers related to colorado motor vehicle dealer licensing requirements. It covers various aspects of dealer licensing, including sales practices, advertising regulations, vehicle inspections, and consumer protection laws. Useful for individuals preparing for the colorado motor vehicle dealer licensing exam.

Typology: Exams

2024/2025

Available from 03/12/2025

Intellvision
Intellvision 🇺🇸

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State of Colorado sales license
test(pearls ).latest update
On Sunday(s), dealers are prohibited from selling all of the following except? - ✔✔✔( C) Powersport
Vehicles
The licenses of a new or used dealer, wholesale auction dealer, or whole sales may be denied,
suspended, revoked or fined for the following: - ✔✔✔(D) All of the above
Colorado's Lemon Law covers: - ✔✔✔(C) defects that substantially impair market vale of a vehicle
Local law enforcement agencies must be notified with thin four hours after repossession of a motor
vehicle occurs - ✔✔✔(B) False it's 1 hour
The Buyer guide, or "as is" sticker must be? - ✔✔✔(B) Provided by another language than English if
the transact is being conducted in another language than English
The only items that can be added to an advertised price are - ✔✔✔(A) dealers handling and
preparation charges
Dealers must either be self-insured or have insurance for their vehicles - ✔✔✔(A) true
Is it acceptable for a licensed dealer to place an advertisement using only the name "ABC
Enterprise"?. - ✔✔✔(B) False is has to say ABC enterprise dealership
A dealer has how many days to deliver or facilitate delivery of title from the date
of sale? - ✔✔✔(D) 30 days
According to Colorado law , motor vehicle leasing company do NOT need a motor vehicle dealers
license - ✔✔✔(B) False
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Download Colorado Motor Vehicle Dealer Licensing Exam Practice Questions and more Exams Public Policy in PDF only on Docsity!

State of Colorado sales license

test(pearls ).latest update

On Sunday(s), dealers are prohibited from selling all of the following except? - ✔✔✔( C) Powersport Vehicles The licenses of a new or used dealer, wholesale auction dealer, or whole sales may be denied, suspended, revoked or fined for the following: - ✔✔✔(D) All of the above Colorado's Lemon Law covers: - ✔✔✔(C) defects that substantially impair market vale of a vehicle Local law enforcement agencies must be notified with thin four hours after repossession of a motor vehicle occurs - ✔✔✔(B) False it's 1 hour The Buyer guide, or "as is" sticker must be? - ✔✔✔(B) Provided by another language than English if the transact is being conducted in another language than English The only items that can be added to an advertised price are - ✔✔✔(A) dealers handling and preparation charges Dealers must either be self-insured or have insurance for their vehicles - ✔✔✔(A) true Is it acceptable for a licensed dealer to place an advertisement using only the name "ABC Enterprise"?. - ✔✔✔(B) False is has to say ABC enterprise dealership A dealer has how many days to deliver or facilitate delivery of title from the date of sale? - ✔✔✔(D) 30 days According to Colorado law , motor vehicle leasing company do NOT need a motor vehicle dealers license - ✔✔✔(B) False

Three of the following are required to be disclosed in an advertisement when a dealer is advertising a close-end credit sale or a motor vehicle or power sport vehicle with a down payment amount, payment amount, number of payment, period of repayment or amount of financing charge. Which one is NOT required? - ✔✔✔(C) amount of percentage of the down payment Three of the following are deceptive trade of practices. Which one of the following is Not? - ✔✔✔(D) delivering goods as promised Member of motor vehicle dealer board must - ✔✔✔(C) be a resident of the state for at least 5 years Depot plates may be used during normal business hours to transport a motor vehicle - ✔✔✔(D) all the above The license of a motor vehicle sales person or a powersport salesperson may be denied ,revoked , or suspended on any of the following EXCEPT? - ✔✔✔(A) advertising a salvage vehicle while identifying the vehicle as salvage vehicle A dealer is required to conspicuously display in there place of business the license of each sale person employed by the dealer - ✔✔✔(A)true The license of a motor Sale person or powersport sale person me be denied, revoked or suspended on any of the following ground except - ✔✔✔(B) advertising a salvage vehicle while identifying the vehicle as salvage A new motor vehicle has three of the following characteristics. Which one doesn't it have? - ✔✔✔(B) title Which of the following step are required to properly and legally repossess a motor vehicle - ✔✔✔(A) effect a lien creating a security interest A dealer is responsible for taking written actions to attempt to correct a misleading advertisement placed by a manufacturer if the advertisement contains the dealer name - ✔✔✔(B) False

By obtaining an off person permit , dealer may sell motor vehicle at another location on a sunday - ✔✔✔-FALSE - no sale of vehicle should be done on Sunday Which of the following is a false statement regarding dealer and buyers - ✔✔✔A dealer must offer a warranty on all motor vehicle sold Three of the following type of motor vehicle are exempt from the true mill age act with one is not - ✔✔✔Motor vehicle with out-of - out of state title In addition to possible dealer board sanctions, if a dealer or salesperson is found using bait & switch advertising, the criminal penalty is a class 2 misdemeanor and a maximum twelve months in jail $1,000 fine, or both. - ✔✔✔TRUE Which of the following is not proof of ownership of a motor vehicle for a Colorado dealer? - ✔✔✔A vehicle subject to a lien on the tile A motor vehicle salesperson may work for more than one dealership during one license year. - ✔✔✔TRUE Which of the following is true about the Colorado lemon law? - ✔✔✔"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 of 1 year from date of delivery A customer's trade-in vehicle on a financed deal may be sold. - ✔✔✔Only when the financing has been approved and the contract binding has been signed Which of the following motor vehicles may be sold on Sundays? - ✔✔✔Snowmobiles The Federal odometer law declares that it is unlawful to do any of the following except. - ✔✔✔To operate a motor vehicle on any street, with the intent to defraud, knowing that the odometer is disconnected Motor vehicle dealers, powersports dealers, used motor vehicle dealers, used powersports dealers, or wholesalers are required to report to the Dealer Board: - ✔✔✔Any change in the hours of operation of the business when the business continues full time.

A dealer may issue 3 temporary permits for each roadworthy vehicle sold. - ✔✔✔True