10/22/24, 3:11 PM COLORADO CAR SALES MASTERY EXAM NEWEST 2024 ACTUAL EXAM 230 QUESTIONS AND CORRECT DETAILED ANS…
COLORADO CAR SALES MASTERY EXAM NEWEST 2024
ACTUAL EXAM 230 QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED
A+ALREADY GRADED A+
Terms in this set (237)
The license of a motor vehicle b) advertising a salvaged vehicle while identifying the vehicle as a salvage
salesperson or power-sports vehicle
salesperson may be denied, revoked or
suspended on any of the following
grounds except:
According to colorado law, which of d) All of the above
the following must be licensed as a
motor vehicle dealer and or
powersports dealer?
Colorado Lemon law covers: c)defects that substantially impair the market value of a vehicle
Three of the following are required to d) tax rate
be disclosed in an advertisement when
a dealer is advertisement a closed end
credit sale of a mother vehicle or
powersports...except?
The motor vehicle dealer board is D)all of the above
authorized and empowered to:
Local law enforcement officers must be A)1 hours
notified within ___ hours before or after
the repossession of a motor vehicle
occurs:
All motor vehicle dealers and power- B) they will be open less than 40 hours a week
sports dealers must post a clear, legible
sign on their principal place of business Edit
if:
A dealer may issue a temporary permits B) false (verify)
for each roadworthy vehicle sold
The motor vehicle dealer board may be a)True (verify)
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
, 10/22/24, 3:11 PM COLORADO CAR SALES MASTERY EXAM NEWEST 2024 ACTUAL EXAM 230 QUESTIONS AND CORRECT DETAILED ANS…
The Colorado's consumer protection d)all of the above
act declares bait and switch advertising
to be deceptive trade practice. Bait and
switch advertising includes which of the
following
Three of the following types of motor B)motor vehicles with out-of-state titles
vehicles are exempt from the truth in
mileage act. Which one is not exempt?
The motor vehicle dealer board does c)three employees from the enforcement division
not have among its members
What is the highest fine per offense that $1,000
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
Three of the following are The permit cannot exceed six days except for the national western stock
characteristics of an off-premise permit. show, the colorado state fair, greely stampede
. Which one is not?
Which of the following is a true B) a dealer shall clearly indicate on the costumer contract when a vehicle sold
statement regarding dealers and "as is" and without a guarantee
buyers?
When advertising a specific number of A)True
motor vehicles that same number of
vehicles must have been invoiced to the
dealer
Dealers must either be self insured or A)True
have insurance for their vehicles
In transit plates may be used on motor D) consigned to wholesale auction dealers for transport from point of
vehicles purchase to point of storage
When a salesperson leaves a dealer, Immediately employ a new salesperson, licensed or not
that dealer must do all of the following
except
The license of a new or used dealer, Employing a properly licensed salesperson
wholesale auction dealer or wholesaler
may be denied suspended, revoked or
fined for all of the following grounds
except
The only items that can be added to an C) Dealer handling and preparation charges
advertised price are
The license of a motor vehicle D)using point of sale literature in advertising
salesperson or a powersports
salesperson may be denied, revoked, or
suspended on any of the following
grounds except:
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