The license of a motor vehicle salesperson or power-sports salesperson may be denied, revoked or
suspended on any of the following grounds except: - 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? - d) All of the above
Colorado Lemon law covers: - 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? - d) tax rate
The motor vehicle dealer board is authorized and empowered to: - D)all of the above
Local law enforcement officers must be notified within ___ hours before or after the repossession of a
motor vehicle occurs: - A)1 hours
All motor vehicle dealers and power-sports dealers must post a clear, legible sign on their principal place
of business if: - B) they will be open less than 40 hours a week
A dealer may issue a temporary permits for each roadworthy vehicle sold - 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 - 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 - 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? - B)motor vehicles with out-of-state titles
The motor vehicle dealer board does not have among its members - 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 - $1,000
Three of the following are characteristics of an off-premise permit. . Which one is not? - 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? - 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 - A)True
Dealers must either be self insured or have insurance for their vehicles - A)True
In transit plates may be used on motor vehicles - 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 - 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 - Employing a properly licensed salesperson
The only items that can be added to an advertised price are - 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: - D)using point of sale literature in advertising
A buyer agent may - be retained or hired by a consumer to assist, represent, or act on behalf of such
consumer in connection with the purchase or lease of a motor vehicle
Three of the following are deceptive trade practices. Which of the following is not? - Delivering goods as
promised
A new or used motor vehicle dealer may legally do which of the following with a temporary permit? -
Issue a permit for a demonstration drive by a consumer
Re federal cash reporting rule requires dealers to file form 83000.... - 15 Days
A new motor vehicle has three of the following characteristics. Which one doesn't it have? - D) a title
A dealer wholesaler or salespersons convicted of any felony or any crime.. Has how many days to report
conviction? - A ) 30 Days
Three of the following are require when a dealer is advertising a lease of a a motor vehicle or
powersports vehicle with a payment amount which one is not required? - D) disclosing the cost of
leasing versus the cost of purchasing
The definition of a used mother vehicle dealer or used powersports dealer includes which of the
following ? - A person who attempts to negotiate a sale or lease of a used motor vehicle or powersports
vehicle with the intent to make a profit or gain
A customer's trade- in vehicle on a financed deal may be sold - D) only when the financing has been
approved
Wholesalers : - C)must use a name other than their personal name on all business documents
, A dealer is required to have on file the licenses of each of their employed salespersons but need not
display them in their place of business - False
The license of a motor vehicle salesperson or a powersports salesperson may be denied, revoked or
suspended on the following grounds - D) all of the above
A dealer must take in the title in their own name before selling a car to retail customer - B) False
A salesperson can change dealerships during the licensing year provided that the correct form and fee is
submitted to the board such sales person may begin work as a motor vehicle salespersons or
powersports salesperson while awaiting a new license from the board - B) False
Records of vehicles transfers and odometer statements must be retained for: - C) 5 year
Motor vehicle dealers, powersport dealers, used motor vehicle dealers, used powersports dealers or
wholesalers are not required to report to the dealer board - B) any change in the hours of operation of
the business when the business continues full time (review)
Which of the following would indicate a motor vehicle is "used" - A certificate of title has been issued
A motor vehicle dealer is responsible for : - D) all of the above
An advertisement would include - D) all of the above
The license of a new or used dealer, wholesale auction dealer, or wholesaler may be denied, suspended
revoked or fined for the following - D) all of the above
Which of the following is a deceptive trade practice? - D) All of the above are deceptive trade practices
Demonstration plates can be displayed on vehicles that are used by the dealership for any commercial
purpose - true
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