ACTUAL COMPLETE 150+ REAL EXAM QUESTIONS AND
CORRECT DETAILED ANSWERS TOP RATED VERSION FOR
ALREADY A GRADED | NEW AND REVISED .
When advertising terms price conditions of sale of a car,
dealers may use the term - ANSWER-Wish approved credit
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 - 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? - ANSWER-"Used motor vehicle dealer" means
any person who, for commission or with intent to make a profit
sells used cars.
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 without 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 transit 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 following grounds except - ANSWER-Employing a
properly licensed salesperson
,The only items that can be added to an advertised price are -
ANSWER-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: - ANSWER-D)using point of sale
literature in advertising
Wholesalers may: - 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? - ANSWER-the permit could be used
for a permanent second location
All motor vehicle dealers and used motor vehicle dealers must
be open - 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: -
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: -
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 -
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? - 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. - 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