SALES MASTERY TEST 2 EXAM /
QUESTIONS AND CORRECT
ANSWERS 2024 GRADED A+.
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1. The Motor Vehicle Dealer Board is authorized and empowered to:: issue ordeny motor vehicle
dealer and salesperson licenses
2. he MotorVehicle Dealer Board is authorized and empowered to:: d. all of theabove
3....
SALES MASTERY TEST 2 EXAM /
QUESTIONS AND CORRECT
ANSWERS 2024 GRADED A+.
1/4
, 1. The Motor Vehicle Dealer Board is authorized and empowered to:: issue ordeny motor vehicle
dealer and salesperson licenses
2. he Motor Vehicle Dealer Board is authorized and empowered to:: d. all of theabove
3. Dealers may be administratively fined by the Dealer Board up to what amount foreach
separate offense?: shall not exceed ten thousand dollars for eachseparate offense
4. New and used motor vehicle dealers, wholesalers and wholesale auctiondealers arerequired
to have a surety bond in the amount of ?: $50,000 for Dealer/Wholesaler
5. Motor vehicle salespersons are required to have a surety bond in theamount of?:
$15,000
6. Selling or more vehicles or offering for sale more than vehicles at the
sameaddress or telephone number in any one calendar year, shall be primafacie evidence that: A
person is engaged in the business of selling motor vehicles.
7. The definition of a used motor vehicle dealer includes which of the follow- ing?: "Used motor
vehicle dealer" means any person who, for commission or withintent to make a profit sells used cars.
8. Wholesalers may:: make a profit or gain selling to dealers and wholesalers
9. Three of the following are characteristics of an off-premise permit. Whichone isnot?: the
permit could be used for a permanent second location
10. All motor vehicle dealers and used motor vehicle dealers must be open: a.a minimum of 12
hours per week Hours of operation posted and opened at least 3 days per week for a continuous four
hours per day between 8 AM and 9 PM.
11. the license of a motor vehicle salesperson may be denied, revoked, or suspendedon the
following grounds except:: advertising a salvaged vehicle thatidentifies that vehicle as a salvage
vehicle
12. The license of a motor vehicle salesperson may be denied, revoked, or suspendedon the
following grounds except:: . not having a valid Colorado driverslicense
13. The license of a motor vehicle salesperson may be denied, revoked, or suspendedon the
following grounds except: to engage as a licensee without having in force a good and sufficient
bond withcorporate surety
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