STATE OF COLORADO MOTOR VEHICLE
DEALER BOARD MASTERY (ACTUAL2025)
QUESTIONS AND ANSWERS.
The Colorado Consumer Protection Act declares bait and
switch advertising to be
a deceptive trade practice. Bait and switch advertising would
include which of the
following?
a. accepting a deposit for the advertised vehicle and then
switching the purchase
order to a higher priced vehicle
b. requiring that tie-in sales or other undisclosed conditions be
met prior to the sale
c. making disparaging comments about the advertised vehicle,
such as "this vehicle's
4-cylinder engine is not very powerful, you need a V-6 that
cost more."
d. all of the above - <<<Answers>>>D..
(VI) Accepting a deposit for the goods, property, or services
and subsequently switching the
purchase order to higher-priced goods, property, or services
(III) Requiring tie-in sales or other undisclosed conditions to
be met prior to selling the
advertised goods, property, or services
(II) Disparagement in any respect of the advertised goods,
property, or services or the terms
, STATE OF COLORADO MOTOR VEHICLE
DEALER BOARD MASTERY (ACTUAL2025)
QUESTIONS AND ANSWERS.
of sale;
https://leg.colorado.gov/sites/default/files/images/olls/crs2016
-title-06.pdf
The odometer law declares all of the following except:
a. it is unlawful for any person to alter the odometer of any
motor vehicle with the
intent to change the number of miles indicated thereon
b. it is unlawful to replace an odometer under any
circumstance
c. it is unlawful for any person, with the intent to defraud, to
operate a motor vehicle
on any street knowing that the odometer is disconnected
d. it is unlawful for any person to advertise for sale or to
install any device which
causes an odometer to register any mileage other than the true
mileage driven - <<<Answers>>>B.
Adjusting Mileage.—A person may service, repair, or replace
an odometer of a motor vehicle if the mileage registered by
the odometer remains the same as before the service, repair, or
replacement.
https://www.law.cornell.edu/uscode/text/49/32704
, STATE OF COLORADO MOTOR VEHICLE
DEALER BOARD MASTERY (ACTUAL2025)
QUESTIONS AND ANSWERS.
Three of the following types of motor vehicles are exempt
from the Truth in
Mileage Act. Which one is not exempt?
a. motor vehicles 10 years old and older
b. motor vehicles having a gross empty weight more than
16,000 lbs (more than
10,000 lbs in Colorado)
c. motor vehicles with out-of-state titles
d. motor vehicles that are not self-propelled (i.e. trailers) -
<<<Answers>>>C.
Exemptions from odometer disclosures
Vehicles 10 years old or older.
Vehicles with a manufacturer's gross vehicle weight rating
over 16,000 pounds.
Snowmobiles.
All-terrain vehicles.
Vehicles that are not self-propelled.
Title transfers when at least one of the registered owners is
staying the same, except when
the title submitted is from out of state.
Duplicate title only.
, STATE OF COLORADO MOTOR VEHICLE
DEALER BOARD MASTERY (ACTUAL2025)
QUESTIONS AND ANSWERS.
https://www.dot.nd.gov/divisions/mv/docs/faq-odometer-
disclosure.pdf
The federal cash reporting rule requires dealers to file federal
form 8300 with the
Internal Revenue Service when they receive more than
$10,000 cash in a single
transaction. How many days does a dealer have to file this
form?
a. 5 days
b. 15 days
c. 30 days
d. 45 days - <<<Answers>>>Generally, a business must file
Form 8300 within 15 days after they receive the cash.
https://www.irs.gov/businesses/small-businesses-self-
employed/irs-form-8300-reference-guide
Which of the following is a false statement regarding dealers
and buyers?
a. a dealer must offer a warranty on all motor vehicles sold
b. a buyer does not have 72 hours to change their mind on a
motor vehicle sale that
DEALER BOARD MASTERY (ACTUAL2025)
QUESTIONS AND ANSWERS.
The Colorado Consumer Protection Act declares bait and
switch advertising to be
a deceptive trade practice. Bait and switch advertising would
include which of the
following?
a. accepting a deposit for the advertised vehicle and then
switching the purchase
order to a higher priced vehicle
b. requiring that tie-in sales or other undisclosed conditions be
met prior to the sale
c. making disparaging comments about the advertised vehicle,
such as "this vehicle's
4-cylinder engine is not very powerful, you need a V-6 that
cost more."
d. all of the above - <<<Answers>>>D..
(VI) Accepting a deposit for the goods, property, or services
and subsequently switching the
purchase order to higher-priced goods, property, or services
(III) Requiring tie-in sales or other undisclosed conditions to
be met prior to selling the
advertised goods, property, or services
(II) Disparagement in any respect of the advertised goods,
property, or services or the terms
, STATE OF COLORADO MOTOR VEHICLE
DEALER BOARD MASTERY (ACTUAL2025)
QUESTIONS AND ANSWERS.
of sale;
https://leg.colorado.gov/sites/default/files/images/olls/crs2016
-title-06.pdf
The odometer law declares all of the following except:
a. it is unlawful for any person to alter the odometer of any
motor vehicle with the
intent to change the number of miles indicated thereon
b. it is unlawful to replace an odometer under any
circumstance
c. it is unlawful for any person, with the intent to defraud, to
operate a motor vehicle
on any street knowing that the odometer is disconnected
d. it is unlawful for any person to advertise for sale or to
install any device which
causes an odometer to register any mileage other than the true
mileage driven - <<<Answers>>>B.
Adjusting Mileage.—A person may service, repair, or replace
an odometer of a motor vehicle if the mileage registered by
the odometer remains the same as before the service, repair, or
replacement.
https://www.law.cornell.edu/uscode/text/49/32704
, STATE OF COLORADO MOTOR VEHICLE
DEALER BOARD MASTERY (ACTUAL2025)
QUESTIONS AND ANSWERS.
Three of the following types of motor vehicles are exempt
from the Truth in
Mileage Act. Which one is not exempt?
a. motor vehicles 10 years old and older
b. motor vehicles having a gross empty weight more than
16,000 lbs (more than
10,000 lbs in Colorado)
c. motor vehicles with out-of-state titles
d. motor vehicles that are not self-propelled (i.e. trailers) -
<<<Answers>>>C.
Exemptions from odometer disclosures
Vehicles 10 years old or older.
Vehicles with a manufacturer's gross vehicle weight rating
over 16,000 pounds.
Snowmobiles.
All-terrain vehicles.
Vehicles that are not self-propelled.
Title transfers when at least one of the registered owners is
staying the same, except when
the title submitted is from out of state.
Duplicate title only.
, STATE OF COLORADO MOTOR VEHICLE
DEALER BOARD MASTERY (ACTUAL2025)
QUESTIONS AND ANSWERS.
https://www.dot.nd.gov/divisions/mv/docs/faq-odometer-
disclosure.pdf
The federal cash reporting rule requires dealers to file federal
form 8300 with the
Internal Revenue Service when they receive more than
$10,000 cash in a single
transaction. How many days does a dealer have to file this
form?
a. 5 days
b. 15 days
c. 30 days
d. 45 days - <<<Answers>>>Generally, a business must file
Form 8300 within 15 days after they receive the cash.
https://www.irs.gov/businesses/small-businesses-self-
employed/irs-form-8300-reference-guide
Which of the following is a false statement regarding dealers
and buyers?
a. a dealer must offer a warranty on all motor vehicles sold
b. a buyer does not have 72 hours to change their mind on a
motor vehicle sale that
