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Mastery Exam Questions & answers
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Mastery ExamThe license of a motor vehicle salesperson or power-sports salesperson may be denied,
revoked or suspended on any of the following grounds except: - ANS-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? - ANS-d) All of the above
Colorado Lemon law covers: - ANS-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? -
ANS-d) tax rate
The motor vehicle dealer board is authorized and empowered to: - ANS-D)all of the
above
Local law enforcement officers must be notified within ___ hours before or after the
repossession of a motor vehicle occurs: - ANS-A)1 hours
All motor vehicle dealers and power-sports dealers must post a clear, legible sign on
their principal place of business if: - ANS-B) they will be open less than 40 hours a week
A dealer may issue a temporary permits for each roadworthy vehicle sold - ANS-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 more so long as it does not
exceed 5k - ANS-a)True (verify)
The Colorado's consumer protection act declares bait and switch advertising to be
deceptive trade practice. Bait and switch advertising includes which of the following -
ANS-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? - ANS-B)motor vehicles with out-of-state titles
, The motor vehicle dealer board does not have among its members - ANS-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 - ANS-$1,000
Three of the following are characteristics of an off-premise permit. . Which one is not? -
ANS-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? - ANS-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 - ANS-A)True
Dealers must either be self insured or have insurance for their vehicles - ANS-A)True
In transit plates may be used on motor vehicles - ANS-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 -
ANS-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 -
ANS-Employing a properly licensed salesperson
The only items that can be added to an advertised price are - ANS-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: - ANS-D)using
point of sale literature in advertising
A buyer agent may - ANS-be retained or hired by a consumer to assist, represent, or act
on behalf of such
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