State of Colorado Motor Vehicle Dealer Board
Mastery Examination Questions with Verified
Correct Answers latest revised update 2025
Dealers may be administratively fined by the Dealer Board up to what
amount for
each separate offense? --- correct answer ---(m) (I) (A) If a hearing is held
before an administrative law judge or a hearing officer designated by the
board from within the board's membership, after due notice and a hearing
by such judge or hearing
officer pursuant to section 24-4-105, C.R.S., to review the findings of law
and fact and the fairness of any
fine imposed and to uphold such fine, to impose an administrative fine upon
its own initiative, which
,shall not exceed ten thousand dollars for each separate offense
https://www.colorado.gov/pacific/sites/default/files/January%207%20201
5%20Motor%20Vehicles%20laws.pdf
New and used motor vehicle dealers, wholesalers and wholesale auction
dealers are
required to have a surety bond in the amount of $ --- correct answer ---
$50,000 for Dealer/Wholesaler
https://www.colorado.gov/pacific/enforcement/dealer-and-wholesaler-
motor-vehicle-powersports-auto-industry-division
,Motor vehicle salespersons are required to have a surety bond in the
amount of
$ --- correct answer ---Surety Bond with FULL LEGAL NAME in the amount
of $15,000. A photocopy may be submitted.
https://www.colorado.gov/pacific/enforcement/salesperson-auto-industry-
division
Selling ___ or more vehicles or offering for sale more than ___ vehicles at
the same
address or telephone number in any one calendar year, shall be prima facie
evidence that
, a person is engaged in the business of selling motor vehicles. --- correct
answer ---The sale or lease of three or
more new or new and used motor vehicles or the offering for sale or lease of
more than three new or
new and used motor vehicles at the same address or telephone number in
any one calendar year shall
be prima facie evidence that a person is engaged in the business of selling
or leasing new or new and
used motor vehicles.
https://www.colorado.gov/pacific/sites/default/files/January%207%20201
5%20Motor%20Vehicles%20laws.pdf
Mastery Examination Questions with Verified
Correct Answers latest revised update 2025
Dealers may be administratively fined by the Dealer Board up to what
amount for
each separate offense? --- correct answer ---(m) (I) (A) If a hearing is held
before an administrative law judge or a hearing officer designated by the
board from within the board's membership, after due notice and a hearing
by such judge or hearing
officer pursuant to section 24-4-105, C.R.S., to review the findings of law
and fact and the fairness of any
fine imposed and to uphold such fine, to impose an administrative fine upon
its own initiative, which
,shall not exceed ten thousand dollars for each separate offense
https://www.colorado.gov/pacific/sites/default/files/January%207%20201
5%20Motor%20Vehicles%20laws.pdf
New and used motor vehicle dealers, wholesalers and wholesale auction
dealers are
required to have a surety bond in the amount of $ --- correct answer ---
$50,000 for Dealer/Wholesaler
https://www.colorado.gov/pacific/enforcement/dealer-and-wholesaler-
motor-vehicle-powersports-auto-industry-division
,Motor vehicle salespersons are required to have a surety bond in the
amount of
$ --- correct answer ---Surety Bond with FULL LEGAL NAME in the amount
of $15,000. A photocopy may be submitted.
https://www.colorado.gov/pacific/enforcement/salesperson-auto-industry-
division
Selling ___ or more vehicles or offering for sale more than ___ vehicles at
the same
address or telephone number in any one calendar year, shall be prima facie
evidence that
, a person is engaged in the business of selling motor vehicles. --- correct
answer ---The sale or lease of three or
more new or new and used motor vehicles or the offering for sale or lease of
more than three new or
new and used motor vehicles at the same address or telephone number in
any one calendar year shall
be prima facie evidence that a person is engaged in the business of selling
or leasing new or new and
used motor vehicles.
https://www.colorado.gov/pacific/sites/default/files/January%207%20201
5%20Motor%20Vehicles%20laws.pdf
