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 b...
SALES MASTERY EXAM QUESTIONS & ANSWERS
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 1 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 celar, legible sign on their principal place of business if: - Answer-B) they wull 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 vehicles that weigh 1,500 pounds or moreso long as it does not exeed 5k - 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 - 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 wigh
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 withou 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 transite 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 suspended on any of the followin grounds except: - Answer-D)using point of sale literature in advertising
Which of the following is true about colorado's lemon law? - 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 ? - 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
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