Colorado Car Sales Mastery Exam Questions
And Answers Verified 100% Correct.
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
A buyer agent may - ANSWER -be retained or hired by a
consumer to assist, represent, or act on behalf of such
consumer in connection with the purchase or lease of a
motor vehicle
Three of the following are deceptive trade practices. Which of
the following is not? - ANSWER -Delivering goods as
promised
A new or used motor vehicle dealer may legally do which of
the following with a temporary permit? - ANSWER -Issue a
permit for a demonstration drive by a consumer
Re federal cash reporting rule requires dealers to file form
83000.... - ANSWER -15 Days
A new motor vehicle has three of the following
characteristics. Which one doesn't it have? - ANSWER -D) a
title
,A dealer wholesaler or salespersons convicted of any felony
or any crime.. Has how many days to report conviction? -
ANSWER -A ) 30 Days
Three of the following are require when a dealer is
advertising a lease of a a motor vehicle or powersports
vehicle with a payment amount which one is not required? -
ANSWER -D) disclosing the cost of leasing versus the cost
of purchasing
The definition of a used mother vehicle dealer or used
powersports dealer includes which of the following ? -
ANSWER -A person who attempts to negotiate a sale or lease
of a used motor vehicle or powersports vehicle with the
intent to make a profit or gain
A customer's trade- in vehicle on a financed deal may be sold
- ANSWER -D) only when the financing has been approved
Wholesalers : - ANSWER -C)must use a name other than their
personal name on all business documents
A dealer is required to have on file the licenses of each of
their employed salespersons but need not display them in
their place of business - ANSWER -False
,The license of a motor vehicle salesperson or a powersports
salesperson may be denied, revoked or suspended on the
following grounds - ANSWER -D) all of the above
A dealer must take in the title in their own name before
selling a car to retail customer - ANSWER -B) False
A salesperson can change dealerships during the licensing
year provided that the correct form and fee is submitted to
the board such sales person may begin work as a motor
vehicle salespersons or powersports salesperson while
awaiting a new license from the board - ANSWER -B) False
Records of vehicles transfers and odometer statements must
be retained for: - ANSWER -C) 5 year
Motor vehicle dealers, powersport dealers, used motor
vehicle dealers, used powersports dealers or wholesalers are
not required to report to the dealer board - ANSWER -B) any
change in the hours of operation of the business when the
business continues full time (review)
Which of the following would indicate a motor vehicle is
"used" - ANSWER -A certificate of title has been issued
A motor vehicle dealer is responsible for : - ANSWER -D) all
of the above
, An advertisement would include - ANSWER -D) all of the
above
The license of a new or used dealer, wholesale auction
dealer, or wholesaler may be denied, suspended revoked or
fined for the following - ANSWER -D) all of the above
Which of the following is a deceptive trade practice? -
ANSWER -D) All of the above are deceptive trade practices
Demonstration plates can be displayed on vehicles that are
used by the dealership for any commercial purpose -
ANSWER -true
A dealers advertising must contain the dealers licensed
name and the words - ANSWER -C) dealer
Which of the following does not fit the definition of a motor
vehicle dealer - ANSWER -C) someone who sells motor
vehicles solely to wholesalers
Depot plates may be used during normal business hours to
transport a motor vehicle - ANSWER -D ) all of the above
Licensed powersport dealers may not sell powersports on
Sundays ( verify) - ANSWER -False
And Answers Verified 100% Correct.
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
A buyer agent may - ANSWER -be retained or hired by a
consumer to assist, represent, or act on behalf of such
consumer in connection with the purchase or lease of a
motor vehicle
Three of the following are deceptive trade practices. Which of
the following is not? - ANSWER -Delivering goods as
promised
A new or used motor vehicle dealer may legally do which of
the following with a temporary permit? - ANSWER -Issue a
permit for a demonstration drive by a consumer
Re federal cash reporting rule requires dealers to file form
83000.... - ANSWER -15 Days
A new motor vehicle has three of the following
characteristics. Which one doesn't it have? - ANSWER -D) a
title
,A dealer wholesaler or salespersons convicted of any felony
or any crime.. Has how many days to report conviction? -
ANSWER -A ) 30 Days
Three of the following are require when a dealer is
advertising a lease of a a motor vehicle or powersports
vehicle with a payment amount which one is not required? -
ANSWER -D) disclosing the cost of leasing versus the cost
of purchasing
The definition of a used mother vehicle dealer or used
powersports dealer includes which of the following ? -
ANSWER -A person who attempts to negotiate a sale or lease
of a used motor vehicle or powersports vehicle with the
intent to make a profit or gain
A customer's trade- in vehicle on a financed deal may be sold
- ANSWER -D) only when the financing has been approved
Wholesalers : - ANSWER -C)must use a name other than their
personal name on all business documents
A dealer is required to have on file the licenses of each of
their employed salespersons but need not display them in
their place of business - ANSWER -False
,The license of a motor vehicle salesperson or a powersports
salesperson may be denied, revoked or suspended on the
following grounds - ANSWER -D) all of the above
A dealer must take in the title in their own name before
selling a car to retail customer - ANSWER -B) False
A salesperson can change dealerships during the licensing
year provided that the correct form and fee is submitted to
the board such sales person may begin work as a motor
vehicle salespersons or powersports salesperson while
awaiting a new license from the board - ANSWER -B) False
Records of vehicles transfers and odometer statements must
be retained for: - ANSWER -C) 5 year
Motor vehicle dealers, powersport dealers, used motor
vehicle dealers, used powersports dealers or wholesalers are
not required to report to the dealer board - ANSWER -B) any
change in the hours of operation of the business when the
business continues full time (review)
Which of the following would indicate a motor vehicle is
"used" - ANSWER -A certificate of title has been issued
A motor vehicle dealer is responsible for : - ANSWER -D) all
of the above
, An advertisement would include - ANSWER -D) all of the
above
The license of a new or used dealer, wholesale auction
dealer, or wholesaler may be denied, suspended revoked or
fined for the following - ANSWER -D) all of the above
Which of the following is a deceptive trade practice? -
ANSWER -D) All of the above are deceptive trade practices
Demonstration plates can be displayed on vehicles that are
used by the dealership for any commercial purpose -
ANSWER -true
A dealers advertising must contain the dealers licensed
name and the words - ANSWER -C) dealer
Which of the following does not fit the definition of a motor
vehicle dealer - ANSWER -C) someone who sells motor
vehicles solely to wholesalers
Depot plates may be used during normal business hours to
transport a motor vehicle - ANSWER -D ) all of the above
Licensed powersport dealers may not sell powersports on
Sundays ( verify) - ANSWER -False
