Exam (elaborations) sales management

Mastery Exam, Car Sales Test Colorado Which of the following statements is true regarding dealer demo - CORRECT ANSWER a demo drive cannot exceed 7 days" "CO lemon law includes - CORRECT ANSWER Defects that substantially impair the market value of the vehicle" "motor vehicle insurance is required - CORRECT ANSWER for all registered vehicles intended for use on Colorado roads" "which is true regarding in-transit plates? - CORRECT ANSWER in-transit plates may be used to transport vehicles from point of purchase to point of storage or from point of storage to point of sale" "licensed power sport dealers may sell which of the following on Sunday - CORRECT ANSWER A powersport vehicle" "which of the following is a used vehicle? - CORRECT ANSWER a demo vehicle with 1300 miles" "Depot plates may be used during normal business hours to transport - CORRECT ANSWER all of the above" "Prominently and conspicuously display? - CORRECT ANSWER Buyer's guide" "The Motor vehicle dealer board does not have among its members - CORRECT ANSWER three employees from the dept. of revenue" "Which of the following must be conspicuously displayed in the dealers place of business? - CORRECT ANSWER License of dealer Salesmen Licenses Name of dealership license" "A dealer is not responsible for taking written action to attempt to correct a misleading as place by a manufacture if the ad contains the dealer name - CORRECT ANSWER false" "The motor vehicle department is authorized and empowered to - CORRECT ANSWER propose fees order hearings investigate" "An ad would NOT include - CORRECT ANSWER a salesperson's verbal statement of the MSRP" "When advertising the sale of a specific motor vehicle. If not statement has been made concerning a specific-time and of the advertised price, such vehicle shall be sold at the advertised price for a period of fice days following the last date the ad was published - CORRECT ANSWER True?" "When a salesperson leaves a dealer, the dealer must do all the following execpt: - CORRECT ANSWER Immediately employ a new salesperson, licensed or not" "Which of the following is considered prima facie evidence that a person is engaged in the business of setting of leasing motor vehicles or powersport vehicles - CORRECT ANSWER selling, leasing, exchanging, renting, with option to purchase, offering, or negotiating, an exchange of interest in three or more vehicles or ten or more powersport vehicles in any one calendar year" "What is the highest fine per offense (key word) that the motor vehicle dealer board or an admirative law judge may impose on a dealer who sells primarily vehicles that weigh less than 1,500 pounds - CORRECT ANSWER $1,000" "The federal odometer law declares that it is unlawful to do any of the following execpt: - CORRECT ANSWER to replace the odometer under certain circumstances" "the license of a motor vehicle salesperson or powersport may be denied, revoked, or suspended on any of the following grounds except: - CORRECT ANSWER advertising a salvaged vehicle while identifying the vehicle as a salvage vehicle" "Three of the following are required to be disclosed in an advertisement when a dealer us advertising a closed-end credit sale of motor vehicle or powersports vehicle with down payment amount, payment amount, number of payments and period of repayment or amount of finance charge. Which one is n ot required? - CORRECT ANSWER tax rate" "the license of a motor vehicle salesperson or powersport may be denied, revoked, or suspended on any of the following grounds except: - CORRECT ANSWER using point of sale literature in advertising" "full use dealer plates can be displayed on all vehicles owned and offered for sale by dealer or wholesaler, except those that are used on tow vehicles or parts delivery/pickup vehicles - CORRECT ANSWER " "the license of a dealer may be denied, revoked, or suspended on any of the following grounds except: - CORRECT ANSWER employing a properly licensed sales person" "the motor vehicle dealer board is authorized and empowered to - CORRECT ANSWER all the above" "it is unlawful for a motor vehicle salesperson to: - CORRECT ANSWER begin acting as a salesperson while awaiting a new license from the board" "the definition of a used motor vehicle dealer or used powersports dealer includes which of the following - CORRECT ANSWER A person who attempts to negoitiate a sale or lease of a used motor vehicle or powersports vehicle woth the intent to make a profit or gain" "The federal cash reporting rule required dealers to file federal form 8300 with the internal revenue service when they recieve more than $10,000 cash in a single transaction. How many days does a dealer have to file the form. - CORRECT ANSWER 15 days" "Motor Vehicles may be sold on Sundays - CORRECT ANSWER " "hen a salesperson leaves a dealer, that dealer must return that salesperson's license to the Auto Industry Division - CORRECT ANSWER True" "Which of the following would indicate a motor vehicle is used - CORRECT ANSWER Someone who sells motor vehicles solely to wholesalers" "Which of the following is true regarding in-transit plates - CORRECT ANSWER in-transit plates may be used for point of purchase to the point of storage, or from the point of storage to the point of sale Dealer In-Transit License Plates: 1. May be displayed on vehicles that: a. Are for intra-state and inter-state transport of vehicles offered for sale, consigned to be sold, or owned by a dealer. b. Are being operated from point of purchase to the point of storage, or from the point of storage to the point of sale. c. Are for demonstration purposes only when a dealership employee is in the vehicle with the prospective buyer. d. Are in a safe roadworthy condition. 2. Dealer In-Transit license plates may not be displayed on vehicles that: 76 Auto Industry Division Study Guide- Miscellaneous Statutes & Regulations a. Are being operated by prospective buyers without a dealership employee being present in the vehicle while being operated, or; b. Have been sold, leased, or rented, or; c. Are dealer or dealership employees' personal vehicles, or; d. Are loaned or donated by the dealership, or; e. Are being pulled, hauled or are otherwise considered cargo, or; f. Are tow vehicles or parts pickup/delivery vehicles." "according to COlorado law, which of the following does not need to be a licenses as a motor vehicle dealer and/or powersports dealer? - CORRECT ANSWER a buyers agent Licensed salespersons cannot obtain a buyer agent license because they receive compensation from a dealer. Buyer agents are strictly prohibited from being employed or receiving any fee from a dealer." "a dealer must take the title in their own name before selling a car to a retail customer - CORRECT ANSWER Unsure... False A "used motor vehicle" is defined as any motor vehicle which has been sold, bargained, exchanged, given away, or the title thereto transferred from the person who first took title thereto from the manufacturer or importer, dealer or agent of the manufacturer or importer, or so used as to have become what is commonly known as a "secondhand motor vehicle"." In the event of transfer on the certificate of origin, from the original franchised dealer to any other dealer or individual other than a franchised dealer of the same make of vehicle, the vehicle shall be considered a "used" motor vehicle, and must be titled in the new owner's name. Vehicles with more Than Fifteen Hundred (1500) miles of demonstration use shall be considered used' vehicles. Such "demonstrators" and other motor vehicles 3 Auto Industry Division Study Guide- Motor Vehicle Regulations which have been used by a dealer prior to their sale shall be titled in the dealer's name and sold as "used" motor vehicles. All vehicles which do not qualify as "new" motor vehicles shall be deemed to be "used" motor vehicles for the purpose of administration of this Act." " - CORRECT ANSWER 1 "Depot License Plates" or "Depot Tags" - means a numbered plate issued by the department authorizing the movement of dealership vehicles to and from the dealer's place of business or storage for the purpose of completing work tha" " - CORRECT ANSWER The new English-language version of the Buyers Guide adds a statement in Spanish advising Spanish-speaking consumers to ask for the Buyers Guide in Spanish if the dealer is conducting the sale in Spanish." "The motor Vehicle dealer board is authorized and empowered to - CORRECT ANSWER D) all of the above" "The federal odometer law declares that it is unlawful to do any of the following except - CORRECT ANSWER C) to operate a motor vehicle on any street, with the intent to defraud, knowing that the odometer is disconnected" "Dealer demo plates may be used on motor vehicles - CORRECT ANSWER D) properly assigned in the name of the dealership" "New and used motor vehicle dealers, powersports dealers, and wholesale auction dealers are required to have a surety bond - CORRECT ANSWER D) all of the above" "Motor vehicle and powersport salespeople are required to have a surety bond in the amount of : - CORRECT ANSWER 15k$" "The buyers guide or "as is" sticker must be - CORRECT ANSWER Provided to a customer in another language than English" "In advertisement motor vehicle, a dealer or salesperson may - CORRECT ANSWER Make reference "dealer cost" or "invoice price"" "Which of the following steps are require to properly and legally repossess a motor vehicle - CORRECT ANSWER Effect a lien creating a security interest" "Which of the following motor vehicles may be sold on Sundays? - CORRECT ANSWER C)Motor Homes" "The Motor Vehicle Dealer Board is authorized and empowered to: - CORRECT ANSWER issue or deny motor vehicle dealer and salesperson licenses" "Dealers may be administratively fined by the Dealer Board up to what amount for each separate offense? - CORRECT ANSWER shall not exceed 10,000 dollars for each separate offense" "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/ Wholesalers" "Motor vehicle salespersons are required to have a surety bond in the amount of? - CORRECT ANSWER $15,000" "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 - CORRECT ANSWER A person is engaged in the business of selling motor vehicles." "The definition of a used motor vehicle dealer includes which of the following? - CORRECT ANSWER "Used motor vehicle dealer" means any person who, for commission or with intent to make a profit sells used cars." "Wholesalers may: - CORRECT ANSWER make a profit or gain selling to dealers and wholesalers" "Three of the following are characteristics of an off-premise permit. Which one is not? - CORRECT ANSWER the permit could be used for a permanent second location" "All motor vehicle dealers and used motor vehicle dealers must be open - CORRECT ANSWER a. a minimum of 12 hours per week Hours of operation posted and opened at least 3 days per week for a continuous four hours per day between 8 AM and 9 PM." "the license of a motor vehicle salesperson may be denied, revoked, or suspended on the following grounds except: - CORRECT ANSWER advertising a salvaged vehicle that identifies that vehicle as a salvage vehicle" "The license of a motor vehicle salesperson may be denied, revoked, or suspended on the following grounds except: - CORRECT ANSWER not having a valid Colorado drivers license" "The license of a motor vehicle salesperson may be denied, revoked, or suspended on the following grounds except - CORRECT ANSWER to engage as a licensee without having in force a good and sufficient bond with corporate surety" "A dealer, wholesaler or salesperson who is convicted of any felony or any criminal pursuant to Article 3, 4 or 5 of Title 18, C.R.S. (felony or criminal misdemeanor) or like crime pursuant to federal law or law of any other state has _____ days to give the Dealer Board written notice of such conviction? - CORRECT ANSWER 30 days after such conviction" "When a salesperson voluntarily leaves or is discharged from a dealership, the dealer must immediately return that salesperson's _________ to the Dealer Board. - CORRECT ANSWER motor vehicle dealer or used motor vehicle dealer who last employed the salesperson shall confiscate and return such salesperson's license to the board" "A salesperson can change dealerships during the licensing year provided that a Change of Employer Notification form is submitted to the Board. It is unlawful for such sales person to act as a motor vehicle salesperson until a new _________ is procured. - CORRECT ANSWER It shall be unlawful for such salesperson to act as a motor vehicle salesperson until a new license is procured." "A new motor vehicle has three of the following characteristics. Which one doesn't it have? - CORRECT ANSWER motor vehicle that is titled" "Which of the following would always indicate a motor vehicle is used? - CORRECT ANSWER a vehicle that is titled" "Since 1985, the Federal Trade Commission's Used Car Rule has required that dealers prominently and conspicuously display the __________________ on every used car or light truck offered for sale. This is also known as the "as is" sticker. - CORRECT ANSWER Buyers Guide" "Which of the following must be identified in advertising? - CORRECT ANSWER all of the above" "The only items that can be added to an advertised price are: - CORRECT ANSWER none of the above" "A dealer may advertise in which of the following manners? - CORRECT ANSWER d. using a color picture in the ad that is not the same color as the actual vehicle being advertised as long as the disclosure, "vehicle colors may vary" is included" "A dealer's advertising must contain the dealer's licensed name and/or the word(s): - CORRECT ANSWER The dealer's name or the word "dealer" must be included in the advertisement or both name and the word "dealer" if the name appears but does not clearly reflect that the business is a dealer." "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? - CORRECT ANSWER all of the above" "Three of the following are required to be disclosed when a dealer is advertising a closed-end credit sale of a motor vehicle with a down payment amount, payment amount, number of payments, period of repayment or amount of finance charge. Which one is not required? - CORRECT ANSWER a. tax rate" "A dealer has how many days to deliver or facilitate delivery of title from the date of sale? - CORRECT ANSWER The title or MCO must be procured by the dealer or wholesaler upon the sale and delivery of the vehicle and delivered or mailed to the purchaser or channel mortgage company within thirty (30) days pursuant to 42-6-112, C.R.S." "Which of the following is not proof of ownership of a motor vehicle for a Colorado dealer? - CORRECT ANSWER a signed Monroney Label" "Which one of the following statements is true regarding dealer demo plates? - CORRECT ANSWER May be displayed on vehicles for demonstration drive purposes, during normal business hours, when a dealership employee is in the vehicle with the prospective buyer. May be displayed on vehicles operated by a prospective buyer for demonstration drives. Demonstration drives by a prospective purchaser shall not exceed seven calendar days.2.12 Lost or stolen dealer plates shall be reported within seventy-two (72) hours to the local law" "Which of the following is true regarding dealer demo plates? - CORRECT ANSWER dealer demo plates may be displayed only on vehicles owned by or consigned to the dealer or wholesaler" "Which of the following is true regarding depot plates? - CORRECT ANSWER A depot plate may be used by the dealership to transport vehicles to and from the dealer's place of business or storage for the purpose of completing work that involves repairing, painting, upholstering, polishing or other similar types of work on the vehicle. A depot plate may also be used for road testing the vehicle after repair. Movement of a vehicle using a depot plate for any purpose other than those listed above shall constitute private use." "A new or used motor vehicle dealer may legally do which of the following with a temporary registration permit? - CORRECT ANSWER issue a permit for a demonstration drive by a consumer" "How many temporary permits may a dealer issue for each road worthy vehicle sold - CORRECT ANSWER 1" "Records of vehicle transfers and odometer statements must be retained for ____years. - CORRECT ANSWER 5" "The odometer law declares all of the following except: - CORRECT ANSWER it is unlawful to replace an odometer under any circumstance" "Three of the following types of motor vehicles are exempt from the Truth in Mileage Act. Which one is not exempt? - CORRECT ANSWER motor vehicles with out-of-state titles" "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? - CORRECT ANSWER 15 days" "Which of the following is a false statement regarding dealers and buyers? - CORRECT ANSWER a dealer must offer a warranty on all motor vehicles sold" "Three of the following are deceptive trade practices. Which one of the following is not? - CORRECT ANSWER the dealer discloses in the advertisement all known material information" "three of the following are deceptive trade practices. Which one of the following is not? - CORRECT ANSWER delivering good as promised" "A customer's trade-in vehicle on a financed deal may be sold: - CORRECT ANSWER only when the financing has been approved" "Colorado's Lemon Law covers: - CORRECT ANSWER Colorado's Lemon Law covers only new self-propelled vehicles, including pickups and vans. Motor homes and motorcycles are excluded from the Lemon Law." "Which of the following is true about Colorado's Lemon Law? - CORRECT ANSWER all of the above" "Local law enforcement offices must be notified within _______ hour(s) before or after the repossession of a motor vehicle occurs. - CORRECT ANSWER 1 hour before" "Which of the following may motor vehicle dealers sell on a Sunday? - CORRECT ANSWER no vehicles may be sold on a Sunday" "the definition of used motor vehicle dealer or used power sports - CORRECT ANSWER a person who attempts to negotiate a sale or lease of a of a used MV or PWSP vehicle for profit" "when advertising a specific number of motor vehicles, that - CORRECT ANSWER True" "selling , Leasing , exchanging, renting with option to purchase - CORRECT ANSWER True" "By obtaining an off premise permit, dealers may sell motor vehicle at - CORRECT ANSWER False" " "When advertising terms price conditions of sale of a car, dealers may use the term - CORRECT ANSWER Wish approved credit" "All motor vehicle dealers are power sport dealers must post a clear legible sign on their pace of business if - CORRECT ANSWER they will be open less than 40 hours per week" "Wholesalers may - CORRECT ANSWER Sell to dealers and other wholesalers" "The ad price of a Motor Vehicle must include - CORRECT ANSWER Dealer handling and preparation charges" "Motor vehicles with demo plates may be loaned to charity originations and celebrities - CORRECT ANSWER false" "A motor vehicle salesman can be personally liable for any proven claim or judgement in excess of their surety bond - CORRECT ANSWER true" "Which must remain in the window of a new motor vehicle until its sold to the ultimate purchaser? - CORRECT ANSWER Monroney Label" "A motor vehicle salesperson may work for more than 1 dealership during one year - CORRECT ANSWER true" "In addition to possible dealer bond sanctions, if a dealer/salesperson uses bait and switch it is a class 2 misdemeanor with a 12 month max jailtime and 1k fine or both - CORRECT ANSWER true" "The License of a motor vehicle salesperson or a power sports salesperson may be denied revoked, or suspended on any of the following grounds except: - CORRECT ANSWER Advertising a salvage vehicle while identifying the vehicle as a salvage vehicle" "The advertise price of a motor vehicle must include: - CORRECT ANSWER Answer- Finance Charge Advertisement of rate of finance charge. If an advertisement states a rate of finance charge, it shall state the rate as an "annual percentage rate," using that term. If the annual percentage rate may be increased after consummation, the advertisement shall state that fact. If an advertisement is for credit not secured by a dwelling, the advertisement shall not state any other rate, except that a simple annual rate or periodic rate that is applied to an unpaid balance may be stated in conjunction with, but not more conspicuously than, the annual percentage rate. If an advertisement is for credit secured by a dwelling, the advertisement shall not state any other rate, except that a simple annual rate that is applied to an unpaid balance may be stated in conjunction with, but not more conspicuously than, the annual percentage rate. Advertisement of terms that require additional disclosures - Triggering terms. If any of the following terms is set forth in an advertisement, the advertisement shall meet the requirements of paragraph (d)(2) of this section: (i) The amount or percentage of any downpayment. (ii) The number of payments or period of repayment. (iii) The amount of any payment. (iv) The amount of any finance charge." "Which of the following is a true statement regarding dealers and buyers - CORRECT ANSWER a dealer shall clearly indicate on the customer contract when a vehicle is sold "as-is and without a garantee" "Which of the following is not proof of ownership of a motor vehicle for a Colorado dealer - CORRECT ANSWER Answer- A vehicle subject to lien on the title 2.0 Proof of Ownership Requirements a. A used vehicle with a Colorado title: 2.1 All Colorado dealers or wholesalers must maintain the following evidence of ownership for each vehicle in their possession: 61 Auto Industry DivisionStudy Guide- Miscellaneous Statutes & Regulations 2. Odometer disclosure if required. A used vehicle with an out-of-state title: Odometer disclosure if required; and, Colorado Dealer's Out-of-State Vehicle Information Disclosure; and, Colorado verification of Vehicle Identification Number. A new vehicle assigned by MCO to a dealer or wholesaler: MCO assigned or reassigned to a franchised dealer or wholesaler; and, Odometer disclosure if required. MCO reassigned to the franchised dealer or wholesaler; and, Odometer disclosure if required; and, Verification of vehicle identification number. 1. A Colorado title assigned to the dealer, wholesaler, or chain of ownership evidenced by the Colorado Dealer's Bill(s) of Sale for a Motor Vehicle; and, 1. The out-of-state title assigned to the dealer, wholesaler, or out-of-state title with proper chain of ownership; and, 3. No dealer or wholesaler shall hold a MCO unless that dealer or wholesaler is franchised to sell that specific make of vehicle as indicated on the MCO. d. A new vehicle assigned or re-assigned with its MCO from an out-of-state franchised dealer or wholesaler to a franchised Colorado dealer or wholesaler: 4. No dealer or wholesaler shall hold a MCO unless that dealer or wholesaler is franchised to sell that specific make of vehicle as indicated on the MCO. e. If a title or an MCO has been surrendered by the dealer or wholesaler to a bank or financing organization or any other person as collateral under a Floor Plan agreement, the dealer or wholesaler must have in its possession evidence ac" "A buyers agent may: - CORRECT ANSWER Right answer- retained or hired by a consumer for a fee or other thing of value to assist, represent, or act on behalf of the consumer in connection with the purchase or lease of a motor vehicle / powersport vehicle. Wrong Answers---------- -intentionally enter into a financial agreement with a motor vehicle salesperson for the buyer's agent benefit -be employed by a dealer or salesperson -coerce a motor vehicle dealer into providing installment financing with specified financial institution Found in---------------------------------------- "Buyer agent" means any person required to be licensed pursuant to this part 1 who is retained or hired by a consumer for a fee or other thing of value to assist, represent, or act on behalf of the consumer in connection with the purchase or lease of a motor vehicle." "Motor vehicle and power sports salesperson are required to have a surety bond in the amount of - CORRECT ANSWER 15,000 Motor vehicle salesperson's bond (1) Before any motor vehicle salesperson's license is issued by the board through the executive director to any applicant therefor, the applicant shall procure and file with the board evidence of a savings account, deposit, or certificate of deposit meeting the requirements of section 11- 35-101, C.R.S., or a good and sufficient bond in the amount of fifteen thousand dollar" "If there are no remaining reassignments on the back of the title the dealer can complete a Statement of Fact to reassign the title. - CORRECT ANSWER Cannot find in study guides or online... educated guess. False?" " - CORRECT ANSWER "used motor vehicle" is defined as any motor vehicle which has been sold, bargained, exchanged, given away, or the title thereto transferred from the person who first took title thereto from the manufacturer or importer, dealer or agent of the manufacturer or importer, or so used as to have become what is commonly known as a "secondhand motor vehicle"." In the event of transfer on the certificate of origin, from the original franchised dealer to any other dealer or individual other than a franchised dealer of the same make of vehicle, the vehicle shall be considered a "used" motor vehicle, and must be titled in the new owner's name. Vehicles with more Than Fifteen Hundred (1500) miles of demonstration use shall be considered used' vehicles. Such "demonstrators" and other motor vehicles 3 Auto Industry DivisionStudy Guide- Motor Vehicle Regulations REGULATION 12-6-102(13) which have been used by a dealer prior to their sale shall be titled in the dealer's name and sold as "used" motor vehicles." "an off premises permit: - CORRECT ANSWER Right Answer- must be readily available for inspection at the sale motor vehicle dealer may sell motor vehicles at special sales events, shows, or other organized events, including, for example, at the National Western Stock Show, the Colorado State Fair, the Greeley Stampede, or the Denver Auto Show. In order to sell motor vehicles at a location away from the dealership, a motor vehicle dealer must apply for the appropriate off-premise permit. A motor vehicle dealer must not engage in any sales activity at an off-premise location until the board approves the appropriate off-premise permit. The board recognizes two classes of off-premise permit based upon specific sales-related conditions and restrictions. These are: Class One --- a Limited Sales Activity Off-premise Permit. The following conditions and restrictions apply to this permit: Licensed salespersons or owners authorized to sell must be present at the off- premise location at all times when the public is present; and, Licensed salespersons or owners authorized to sell may negotiate the terms of a sale at the off-premise location; and, 4 3) b.1) 2) Auto Industry DivisionStudy Guide- Motor Vehicle Regulations The parties shall not execute sales-related documents at the off-premise location, but must return to the dealership to execute any sales-related documents. Class Two --- a Full Sales Activity Off-premise Permit. The following conditions and restrictions apply to this permit: Licensed salespersons or owners authorized to sell must be present at the off- premise location at all times when the public is present; and, Licensed salespersons or owners authorized to sell may negotiate the terms of a sale at the off-premise location; and, 3) The parties may execute sales documents at the off-premise location. 4. The board issues an off-premise permit for a restri" "Which of the following persons are required by federal law, to adhere to the Truth in Mileage Act? - CORRECT ANSWER all the above" "A customer's trade-in on a financed deal may be sold - CORRECT ANSWER only when the financing as been approved (II) (III) (b) (2) Accepts a used vehicle as a trade-in on the purchase or lease of a motor vehicle, used motor vehicle, powersports vehicle, or used powersports vehicle and sells or leases the vehicle that has been traded in before the purchaser or lessee has been approved for a consumer credit transaction as defined in section 5-1-301 (12) if the approval is a condition of the purchase or lease;" "if a motor vehicle salesperson selling primarily vehicles 1,500 lbs or more is found guilty of a violation of law by the Motor Vehicle Board they may recieve: - CORRECT ANSWER A fine up to $10,000 that shall not exceed ten thousand dollars for each separate offense by any licensee, or vacate the fine imposed by the judge or hearing officer; except that, for powersports vehicle dealers who sell primarily vehicles that weigh under one thousand five hundred pounds, the fine for each separate offense shall not exceed one thousand dollars; and" " - CORRECT ANSWER 1) The amount of cash is more than $10,000 2) The business receives the cash as: 1) The establishment receives the cash in the ordinary course of a trade or business 2) The same agent or buyer provides the cash3) The business receives the cash in a single transaction or in related transactions Example: Dave bought a new car and sold his old one for $11,000. The buyer paid Dave in cash. Since Dave is not in the trade or business of selling cars, he would not be required to report the receipt of cash exceeding $10,000 from the sale of the car. Example: Jane operates a jewelry store in Puerto Rico and received payment in cash on a sale of jewelry for $12,000. She will need to report the transaction on a Form 8300. In general, a person engaged in a" "motor vehicle leasing companies and powersport vehicle leasing companies are required by Colorado law to be licensed as a motor vehicle dealers and powersports dealers - CORRECT ANSWER Answer- True All manufacturers doing business in the state of Colorado, irrespective of whether they maintain or have places of business herein, must be licensed as such. The sale of any new and unused motor vehicles, either directly or indirectly in the state of Colorado shall constitute doing business in the state by the manufacturer and shall subject such manufacturer to the requirements of this article." "A new or used motor vehicle dealer may legally do which of the following with a temporary registration permit? - CORRECT ANSWER Cannot find in study guides or online... educated guess. issue a permit upon the sale of a motor vehicle to another dealer? Temporary Registration Permit is valid for up to sixty (60) days from the date of sale/issuance" " - CORRECT ANSWER A Temporary Registration Permit is not renewable, but when circumstances outlined in section 42-3-203(3)(d), C.R.S., are met, the Dealer may issue a second Temporary Registration Permit pursuant to the requirements in this rule." " - CORRECT ANSWER Temporary Registration Permit is valid for up to sixty (60) days from the date of sale/issuance" "Which of the following must be conspicuously displayed at the dealers principal place of business? - CORRECT ANSWER All the Above" " - CORRECT ANSWER (2) "Board" means the motor vehicle dealer board. "Advertise" or "advertisement" means any commercial message in any newspaper, magazine, leaflet, flyer, or catalog, on radio, television, or a public address system, in direct mail literature or other printed material, on any interior or exterior sign or display, in any window display, on a computer display, or in any point-of-transaction literature or price tag that is delivered or made available to a customer or prospective customer in any manner; except that the term does not include materials required to be displayed by federal or state law" "When advertising a specific trade-in amount or range of amounts, a dealer or salesperson must disclose the M.S.R.P, sales price, or capitalized cost of the vehicle from which the trade-in will be deducted. - CORRECT ANSWER True?" " - CORRECT ANSWER Motor vehicle dealer" means a person who, for commission or with intent to make a profit or gain of money or other thing of value, sells, leases, exchanges, rents with option to purchase, offers, or attempts to negotiate a sale, lease, or exchange of an interest in new or new and used motor vehicles or who is engaged wholly or in part in the business of selling or leasing new or new and used motor vehicles, whether or not the motor vehicles are owned by the person. 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 is prima facie evidence that a person is engaged in the business of selling or leasing new or new and used motor vehicles. "Motor vehicle dealer" includes an owner of real property who allows more than three new or new and used motor vehicles to be offered for sale or lease on the property during one calendar year unless said property is leased to a licensed motor vehicle dealer. "Motor vehicle dealer" does not include:" "A motor vehicle dealer and powersport dealers must be open: - CORRECT ANSWER A minimum of 12 hours per day ll motor vehicle dealers and all used motor vehicle dealers must be open for business at least three (3) days per week for a continuous period of time not less than four (4) hours per day between the hours of 8 a.m. and 9 p.m." " - CORRECT ANSWER ny dealership open less than forty (40) hours a week must post a clear and legible sign on its place of business indicating the days and hours that it is open for business. In addition such dealerships shall notify the Board in writing of any subsequent change in such periods of time." "a dealer, wholesaler, OR SALES PERSON WHO IS CONVICTED OF ANY FELONY OR ANY CRIME PURSUANT TO FERDERAL LAW OR THE LAW OF ANTY OTHER STATE HAS 30 DAYS TO GIVE THE DELER BOARD WRITTEN NOTIFICATION OF SUCH A CONVICTION. - CORRECT ANSWER A salesperson who is convicted of or pled nolo contendere or a plea in a deferred judgment and sentenced to any felony or any crime pursuant to article 3, 4, or 5 of title 18, C.R.S., or like crime pursuant to federal law or the law of any other state, must give the board written notice of such conviction within thirty days after such conviction." " - CORRECT ANSWER A dealer may issue a second temporary registration number plate in accordance with this subsection (3) if the dealer: (I) Has issued a temporary plate to the owner when selling the motor vehicle to the owner; (II) Has not delivered or facilitated the delivery of the certificate of title to the purchaser or the holder of a chattel mortgage as required in section 42-6-112 or 42-6-119 (3) within sixty days after the motor vehicle was purchased; and (III) Has taken every reasonable action necessary to deliver or facilitate the delivery of the certificate of title." "Which of the following is an example of a used motor vehicle - CORRECT ANSWER Right Answer- A lease vehicle "Used motor vehicle" means every self-propelled motor vehicle having a gross weight of less than sixteen thousand pounds that has been sold, bargained for, exchanged, given away, leased, loaned, or driven as a "company executive car" or the title to which has been transferred from the person who first acquired it from the manufacturer or importer and it is so used as to have become what is commonly known as "secondhand" within the ordinary meaning thereof. A previously untitled motor vehicle that has been driven by the dealer for more than one thousand five hundred miles, excluding mileage incurred in the transit of the motor vehicle from the manufacturer to the dealer or from another dealer to the dealer, shall be considered a "used motor vehicle". This shall not apply to any automobile manufactured before January 1, 1942. (9) "Used motor vehicle dealer" means any licensed motor vehicle dealer, used motor vehicle dealer, or wholesaler as defined by section 12-6- 102." " - CORRECT ANSWER It is unlawful for any person to advertise for sale, to sell, to use, or to install or to have installed any device which causes an odometer to register any mileage other than the true mileage driven. For purposes of this section, the true mileage driven is that mileage driven by the vehicle as registered by the odometer within the manufacturer's designed tolerance. (2) It is unlawful for any person or the person's agent to disconnect, reset, or alter the odometer of any motor vehicle with the intent to change the number of miles indicated thereon. (3) It is unlawful for any person, with the intent to defraud, to operate a motor vehicle on any street or highway knowing that the odometer of such vehicle is disconnected or nonfunctional. (4) Nothing in this part 2 shall prevent the service, repair, or replacement of an odometer, if the mileage indicated thereon remains the same as before the service, repair, or replacement. When the odometer is incapable of registering the same mileage as before such service, repair, or replacement, the odometer shall be adjusted to read zero, and a notice in writing shall be attached to the left door frame of the vehicle by the owner or the owner's agent specifying the mileage prior to repair or replacement of the odometer and the date on which it was repaired or replaced. Any removal or alteration of such notice so affixed is unlawful. 23 Auto Industry Division Study Guide- Miscellaneous Statutes & Regulations (5) It is unlawful for any transferor to fail to comply with 49 U.S.C. sec. 32705 and any rule concerning odometer disclosure requirements or to knowingly give a false statement to a transferee in making any disclosure required by such law." "A dealer has how many days to deliver or facilitate delivery of title from the date of sale - CORRECT ANSWER A dealer of motor or off-highway vehicles shall, within thirty days after the sale, deliver or facilitate the delivery of the certificate of title to a purchaser or the holder of a chattel mortgage on the motor or offhighway vehicle subject to section 42-6-109." "full use dealer plates can be displayed on all vehicles owned and offered for sale by dealer or wholesaler, except those that are used on tow vehicles or parts delivery/pickup vehicles - CORRECT ANSWER Right Answer- False An application for a full-use dealer plate may be submitted by a motor vehicle dealer or wholesaler who: (A) Has sold more than twenty-five motor vehicles in the twelve-month period preceding application; (B) Purchases an existing motor vehicle dealership or wholesale business that has sold more than twenty-five vehicles during the twelve-month period preceding application; or(C) Obtains a license to operate a new or used motor vehicle dealership or wholesale business with an inventory of fifty or more motor vehicles. (II) Full-use dealer plates may be used in lieu of, in the same manner as, and to the same extent as number plates issued pursuant to section 42-3-201. 29 Auto Industry Division Study Guide- Miscellaneous Statutes & Regulations (b) (I) The department shall issue full-use dealer plates upon payment of the fee specified in subparagraph (II) of this paragraph (b) and upon application of a motor vehicle dealer or wholesaler accompanied by satisfactory evidence that the applicant is entitled to the plate in accordance with the criteria established in subparagraph (I) of paragraph (a) of this subsection (6). (II) The annual fee for full-use dealer plates shall be established and adjusted annually by the department based on the average of specific ownership taxes and registration fees paid for passenger vehicles and light duty trucks that are seven model years old or newer and that were registered during the one-year period preceding January 1 of each year. Such annual fee shall be prorated on a monthly basis. The annual fee for full-use dealer plates for motorcycles shall be established and adjusted annually by the department based on the average of specific ownership taxes and registration fees paid for motorcycles that are seven model years old or newer and that were registered during th" "A customers trade-in vehicle on a financed deal may be sold - CORRECT ANSWER Only when the financing has been approved Accepts a used vehicle as a trade-in on the purchase or lease of a motor vehicle, used motor vehicle, powersports vehicle, or used powersports vehicle and sells or leases the vehicle that has been traded in before the purchaser or lessee has been approved for a consumer credit transaction as defined in section 5-1-301 (12) if the approval is a condition of the purchase or lease;" "Which of the following steps are required to porperly and legally repossess a motor vehicle - CORRECT ANSWER allow the debtor 20 days to cure If a mortgagee, lienholder, or the mortgagee's or lienholder's assignee or the agent of either repossesses a motor or off-highway vehicle because of default in the terms of a secured debt, the repossessor shall notify, either orally or in writing, a law enforcement agency, as provided in this section, of the repossession, the name of the owner, the name of the repossessor, and the name of the mortgagee, lienholder, or assignee. The notification must be made at least one hour before, if possible, and in any event no later than one hour after, the repossession occurs. If the repossession takes place in an incorporated city or town, the repossessor shall notify the police department, town marshal, or other local law enforcement agency of the city or town. If the repossession takes place in the unincorporated area of a county, the repossessor shall notify the county sheriff. (2) A repossessor who violates subsection (1) of this section is guilty of a class 2 misdemeanor and, upon conviction, shall be punished as provided in section 18-1.3-501, C.R.S. (3) If a motor or off-highway vehicle being repossessed is subject to the "Uniform Commercial Code - Secured Transactions", article 9 of title 4, C.R.S., the repossession is governed by section 4-9- 629, C.R.S. (4) As used in this section, the term "repossessor" means the party who physically takes possession of the motor or off-highway vehicle and drives, tows, or transports the vehicle for delivery to the mortgagee, lienholder, or assignee or the agent of the mortgagee, lienholder, or assignee." " - CORRECT ANSWER With respect to a consumer credit transaction, after a consumer has been in default for ten days for failure to make a required payment and has not voluntarily surrendered possession of goods or the mobile home that are collateral, a creditor may give the consumer the notice described in this section. A creditor gives notice to the consumer pursuant to this section when the creditor delivers the notice to the consumer or mails the notice to the consumer at the consumer's residence, as defined in section 5-1-201 (6)." "In- Transit plates may be used on motor vehicles - CORRECT ANSWER - such as tow trucks and delivery vehicles. Dealer In-Transit License Plates: 1. May be displayed on vehicles that: a. Are for intra-state and inter-state transport of vehicles offered for sale, consigned to be sold, or owned by a dealer. b. Are being operated from point of purchase to the point of storage, or from the point of storage to the point of sale. c. Are for demonstration purposes only when a dealership employee is in the vehicle with the prospective buyer. d. Are in a safe roadworthy condition. 2. Dealer In-Transit license plates may not be displayed on vehicles that: 76 Auto Industry Division Study Guide- Miscellaneous Statutes & Regulations a. Are being operated by prospective buyers without a dealership employee being present in the vehicle while being operated, or; b. Have been sold, leased, or rented, or; c. Are dealer or dealership employees' personal vehicles, or; d. Are loaned or donated by the dealership, or; e. Are being pulled, hauled or are otherwise considered cargo, or; f. Are tow vehicles or parts pickup/delivery vehicles." " - CORRECT ANSWER "Advertise" or "advertisement" means any commercial message in any newspaper, magazine, leaflet, flyer, or catalog, on radio, television, or a public address system, in direct mail literature or other printed material, on any interior or exterior sign or display, in any window display, on a computer display, or in any point-of-transaction literature or price tag that is delivered or made available to a customer or prospective customer in any manner; except that the term does not include materials required to be displayed by federal or state law" " - CORRECT ANSWER "Motor vehicle dealer" means a person who, for commission or with intent to make a profit or gain of money or other thing of value, sells, leases, exchanges, rents with option to purchase, offers, or attempts to negotiate a sale, lease, or exchange of an interest in new or new and used motor vehicles or who is engaged wholly or in part in the business of selling or leasing new or new and used motor vehicles, whether or not the motor vehicles are owned by the person. 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 is prima facie evidence that a person is engaged in the business of selling or leasing new or new and used motor vehicles. "Motor vehicle dealer" includes an owner of real property who allows more than three new or new and used motor vehicles to be offered for sale or lease on the property during one calendar year unless said property is leased to a licensed motor vehicle dealer. "Motor vehicle dealer" does not include: (a) Receivers, trustees, administrators, executors, guardians, or other persons appointed by or acting under the judgment or order of any court; (b) Public officers while performing their official duties; (c) Employees of a motor vehicle dealer when engaged in the specific performance of their duties as employees; (d) A wholesaler or anyone selling motor vehicles solely to wholesalers; (e) Any person engaged in the selling of a fire truck; or (f) A motor vehicle auctioneer." " - CORRECT ANSWER "Motor vehicle salesperson" means a natural person who, for a salary, commission, or compensation of any kind, is employed either directly or indirectly, regularly or occasionally, by a motor vehicle dealer or used motor vehicle dealer to sell, lease, purchase, or exchange or to negotiate for the sale, lease, purchase, or exchange of motor vehicles." " - CORRECT ANSWER "Used motor vehicle dealer" means a person who, for commission or with intent to make a profit or gain of money or other thing of value, sells, exchanges, leases, or offers an interest in used motor vehicles, or attempts to negotiate a sale, exchange, or lease of used motor vehicles, or who is engaged wholly or in part in the business of selling used motor vehicles, whether or not the motor vehicles are owned by the person. The sale of three or more used motor vehicles or the offering for sale of more than three used motor vehicles at the same address or 7 Auto Industry Division Study Guide- Motor Vehicle Statutes telephone number in any one calendar year is prima facie evidence that a person is engaged in the business of selling used motor vehicles. "Used motor vehicle dealer" includes an owner of real property who allows more than three used motor vehicles to be offered for sale on the property during one calendar year unless said property is leased to a licensed used motor vehicle dealer. "Used motor vehicle dealer" does not include: (a) Receivers, trustees, administrators, executors, guardians, or other persons appointed by or acting under the judgment or order of any court; (b) Public officers while performing their official duties; (c) Employees of a used motor vehicle dealer when engaged in the specific performance of their duties as employees; (d) A wholesaler or anyone selling motor vehicles solely to wholesalers; (e) Mortgagees or secured parties as to sales in any one year of not more than twelve motor vehicles constituting collateral on a mortgage or security agreement, if the mortgagees or secured parties do not realize for their own account any money in excess of the outstanding balance secured by the mortgage or security agreement, plus costs of collection; (f) A person who only sells or exchanges no mor" "The motor vehicle dealer board is authorized and empowered to: - CORRECT ANSWER All the above The board is authorized and empowered: (a) To promulgate, amend, and repeal rules reasonably necessary to implement this part 1, including the administration, enforcement, issuance, and denial of licenses to motor vehicle dealers, motor vehicle salespersons, used motor vehicle dealers, wholesale motor vehicle auction dealers, and wholesalers, and the laws of the state of Colorado; (a.5) To delegate to the board's executive secretary, employed pursuant to section 12-6-105 (2)(b), the authority to execute all actions within the power of the board, carry out the directives of the board, and make recommendations to the board on all matters within the authority of the board; (a.7) To issue through the department of revenue a temporary license to any person applying for any license issued by the board. The temporary license shall permit the applicant to operate for a period not to exceed one hundred twenty days while the board is completing its investigation and determination of all facts relative to the qualifications of the applicant for such license. A temporary license is terminated when the applicant's license is issued or denied. (b)&(c) (Deleted by amendment, L. 92, p. 1842, § 4, effective July 1, 1992.) (d) (I) To issue through the department of revenue and, for reasonable cause shown or upon satisfactory proof of the unfitness of the applicant under standards established and set forth in this part 1, to refuse to issue to any applicant any license the board is authorized to issue by this part 1; 9 Auto Industry Division Study Guide- Motor Vehicle Statutes (II) To permit the executive director or the director to issue licenses pursuant to rules adopted by the board pursuant to subsection (3)(a) of this section; (e) (I) After due notice and a hearing, to review the findings of an administrative law j" " - CORRECT ANSWER The board and the executive director shall prescribe the form of the license to be issued by the executive director and shall imprint on each license the seal of their offices. The executive director shall mail the license to the business address where the motor vehicle salesperson is licensed. Each motor vehicle salesperson shall keep a copy of the license at the salesperson's place of employment for inspection by employers, consumers, the director, the executive director, or the board. Each motor vehicle dealer, manufacturer, distributor, wholesaler, manufacturer representative, wholesale motor vehicle auction dealer, or used motor vehicle dealer shall display conspicuously each person's license at the place of business for which the license was issued" "New and used motor vehicle dealers, powersports dealer, wholesalers and wholesale auction dealers are required to have a surety bond - CORRECT ANSWER Answer- in the amount of $50,000 Bond of licensee (1) Before any motor vehicle dealer's, wholesaler's, wholesale motor vehicle auction dealer's, or used motor vehicle dealer's license shall be issued by the board through the executive director to any applicant therefor, the said applicant shall procure and file with the board evidence of a savings account, deposit, or certificate of deposit meeting the requirements of section 11-35- 101, C.R.S., or a good and sufficient bond with corporate surety thereon duly licensed to do business within the state, approved as to form by the attorney general of the state, and conditioned that said applicant shall not practice fraud, make any fraudulent representation, or violate any of the provisions of this part 1 that are designated by the board by rule in the conduct of the business for which such applicant is licensed. A motor vehicle dealer or used motor vehicle dealer shall not be required to furnish an additional bond, savings account, deposit, or certificate of deposit under this section if such dealer furnishes a bond, savings account, deposit, or certificate of deposit under section 12-6-512. (2) (a) The purpose of the bond procured by the applicant pursuant to subsection (1) of this section and section 12-6-112.2 (1) is to provide for the reimbursement for any loss or damage suffered by any retail consumer caused by violation of this part 1 by a motor vehicle dealer, used motor vehicle dealer, wholesale motor vehicle auction dealer, or wholesaler. For a wholesale transaction, the bond is available to each party to the transaction; except that, if a retail consumer is involved, such consumer shall have priority to recover from the bond. The amount of the bond shall be fifty thousand dollars for a motor vehicle dealer applicant, used motor vehicle dealer applicant, wholesa" " - CORRECT ANSWER Motor vehicle salesperson's bond (1) Before any motor vehicle salesperson's license is issued by the board through the executive director to any applicant therefor, the applicant shall procure and file with the board evidence of a savings account, deposit, or certificate of deposit meeting the requirements of section 11- 35-101, C.R.S., or a good and sufficient bond in the amount of fifteen thousand dollars" "Which of the following is a requirement for a motor vehicle dealers, powersport dealer, used motor vehicle dealers, used powersport dealers, or wholesaler? - CORRECT ANSWER For sure its To submit to the dealer board a written notice a licensee changed the trade name of the business, but it is also to report when a licensee The board, through the executive director, shall not issue a motor vehicle dealer's license or used motor vehicle dealer's license to any applicant therefor who has no principal place of business as is defined in this part 1. Should the motor vehicle dealer or used motor vehicle dealer change the site or location of such dealer's principal place of business, such dealer shall immediately upon making such change so notify the board in writing, and thereupon a new license shall be granted for the unexpired portion of the term of such license at a fee established pursuant to section 12-6-110. Should a motor vehicle dealer or used motor vehicle dealer, for any reason whatsoever, cease to possess a principal place of business, as defined in this part 1, from and on which such dealer conducts the business for which such dealer is licensed, such dealer shall immediately so notify in writing the board and, upon demand therefor by the board, shall deliver to it such dealer's license, which shall be held and retained until it appears to the board that such licensee again possesses a principal place of business; whereupon, such dealer's license shall be reissued. Nothing in this part 1 shall be construed to prevent a motor vehicle dealer or used motor vehicle dealer from conducting the business for which such dealer is licensed at one or more sites or locations not contiguous to such dealer's principal place of business but operated and maintained in conjunction therewith. (2) (a) If a motor vehicle dealer changes to a new line-make of motor vehicles, adds another franchise for the sale of new motor vehicles, or cancels or, for any cause whatever, otherwise loses a franchise fo" "The License of a motor vehicle salesperson or a power sports salesperson may be denied revoked, or suspended on any of the following grounds except: - CORRECT ANSWER All the above - Right Answer Wrong answers -Employing an unlicensed sales person - failing to perform, either intentionally or negligently, any written agreement with any buyer or seller - representing or selling as "new" any motor vehicle that the dealer knows is a used motor vehicle 12-6-118 Licenses- grounds for denial, suspension, or revocation A motor vehicle dealer's, wholesale motor vehicle auction dealer's, wholesaler's, buyer agent's, or used motor vehicle dealer's license may be denied, suspended, or revoked on the following grounds: (a) (Deleted by amendment, L. 92, p. 1857, § 20, effective July 1, 1992.) (b) Material misstatement in an application for a license; (c) Violation of any of the terms and provisions of this part 1 or any rule or regulation promulgated by the board under this part 1; (d) Having been convicted of or pled nolo contendere to any felony, or any crime pursuant to article 3, 4, or 5 of title 18, C.R.S., or any like crime pursuant to federal law or the law of any other state. A certified copy of the judgment of conviction by a court of competent jurisdiction shall be conclusive evidence of such conviction in any hearing held pursuant to this article. (e) Defrauding any buyer, seller, motor vehicle salesperson, or financial institution to such person's damage; 29 Auto Industry Division Study Guide- Motor Vehicle Statutes (f) Intentional or negligent failure to perform any written agreement with any buyer or seller; (g) Failure or refusal to furnish and keep in force any bond required under this part 1 (h) Having made a fraudulent or illegal sale, transaction, or repossession; (i) Willful misrepresentation, circumvention, or concealment of or failure to disclose, through whatsoever subterfuge or device, any of the material particulars or the nature thereof required to be stated o" " - CORRECT ANSWER The license of a motor vehicle salesperson may be denied, revoked, or suspended on the following grounds: (a) (Deleted by amendment, L. 92, p. 1857, § 20, effective July 1, 1992.) (b) Material misstatement in an application for a license; (c) Failure to comply with any provision of this part 1 or any rule or regulation promulgated by the board or executive director under this part 1; (d) To engage in the business for which such licensee is licensed without having in force and effect a good and sufficient bond with corporate surety as provided in this part 1; (e) To intentionally publish or circulate any advertising which is misleading or inaccurate in any material particular or which misrepresents any motor vehicle products sold or attempted to be sold by such salesperson; (f) Having indulged in any fraudulent business practice; (g) Selling, offering, or attempting to negotiate the sale, exchange, or lease of motor vehicles for any motor vehicle dealer or used motor vehicle dealer for which such salesperson is not licensed; except that negotiation with a motor vehicle dealer for the sale, exchange, or lease of new and used motor vehicles, except those vehicles defined in section 42-1-102 (55), C.R.S., as motorcycles and section 33-14.5-101 (3), C.R.S., as off-highway vehicles, by a salesperson compensated for said negotiation by the used motor vehicle dealer for which such salesperson is licensed shall not be grounds for denial, revocation, or suspension; 31 Auto Industry Division Study Guide- Motor Vehicle Statutes (h) Representing oneself as a salesperson for any motor vehicle dealer or used motor vehicle dealer when such salesperson is not so employed and licensed; (i) (Deleted by amendment, L. 92, p. 1857, § 20, effective July 1, 1992.) (j) Having been convicted of or pled nolo contendere to any felony, or any cr" " - CORRECT ANSWER 12-6-125. Advertisement - inclusion of dealer name A motor vehicle dealer or used motor vehicle dealer or any agent of the dealers shall not advertise any offer for the sale, lease, or purchase of a motor vehicle or a used motor vehicle that creates the false impression that the vehicle is being offered by a private party or by a buyer's agent or that does not contain the name of the dealer or the word "dealer" or, if the name is contained in the offer and does not clearly reflect that the business is a dealer, both the name of the dealer and the word "dealer"." " - CORRECT ANSWER 12-6-302. Sunday closing No person, firm, or corporation, whether owner, proprietor, agent, or employee, shall keep open, operate, or assist in keeping open or operating any place or premises or residences, whether open or closed, for the purpose of selling, bartering, or exchanging or offering for sale, barter, or exchange any motor vehicle, whether new, used, or secondhand, on the first day of the week commonly called Sunday. This part 3 shall not apply to the opening of an establishment or place of business on the said first day of the week for other purposes, such as the sale of petroleum products, tires, or automobile accessories, or for the purpose of operating and conducting a motor vehicle repair shop,