Sales Mastery Exam 2023 with complete solution( set of
questions 1,2 and 3)
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
questions 1,2 and 3)
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
