STATE OF COLORADO MOTOR VEHICLE DEALER BOARD MASTERY EXAMINATION QUESTIONS AND ANSWERS

STATE OF COLORADO MOTOR VEHICLE DEALER BOARD
MASTERY EXAMINATION QUESTIONS AND ANSWERS


"According |to |colorado |law, |which |of |the |following |must |be |licensed |as |a |motor |vehicle |dealer
|and |or |powersports |dealer? |- |CORRECT |ANSWER |d) |All |of |the |above"




"Colorado |Lemon |law |covers: |- |CORRECT |ANSWER |c)defects |that |substantially |impair |the
|market |value |of |a |vehicle"




"Three |of |the |following |are |required |to |be |disclosed |in |an |advertisement |when |a |dealer |is
|advertisement |a |closed |end |credit |sale |of |a |mother |vehicle |or |powersports...except? |-


| CORRECT ANSWER d) tax rate"
| | | |




"The |motor |vehicle |dealer |board |is |authorized |and |empowered |to: |- |CORRECT |ANSWER
|D)all |of |the |above"




"A |dealer |may |issue |a |temporary |permits |for |each |roadworthy |vehicle |sold |- |CORRECT
| ANSWER B) false (verify)"
| | |




"Three |of |the |following |types |of |motor |vehicles |are |exempt |from |the |truth |in |mileage |act.
|Which |one |is |not |exempt? |- |CORRECT |ANSWER |B)motor |vehicles |with |out-of-state |titles"




"The |motor |vehicle |dealer |board |does |not |have |among |its |members |- |CORRECT |ANSWER
|c)three |employees |from |the |enforcement |division"




"What |is |the |highest |fine |per |offense |that |the |motor |vehicle |dealer |board |or |an |administrative
|law |judge |may |impose |on |a |dealer |, |who |sells |primarily |vehicles |that |weigh |less |than |1,500


|pounds |- |CORRECT |ANSWER |$1,000"




"When |advertising |a |specific |number |of |motor |vehicles |that |same |number |of |vehicles |must
|have |been |invoiced |to |the |dealer |- |CORRECT |ANSWER |A)True"




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,"Dealers |must |either |be |self |insured |or |have |insurance |for |their |vehicles |- |CORRECT
| ANSWER A)True"
|




"In |transit |plates |may |be |used |on |motor |vehicles |- |CORRECT |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 |-
| CORRECT ANSWER Immediately employ a new salesperson, licensed or not"
| | | | | | | | |




"Three |of |the |following |are |deceptive |trade |practices. |Which |of |the |following |is |not? |-
| CORRECT ANSWER Delivering goods as promised"
| | | | |




"A |new |or |used |motor |vehicle |dealer |may |legally |do |which |of |the |following |with |a |temporary
|permit? |- |CORRECT |ANSWER |Issue |a |permit |for |a |demonstration |drive |by |a |consumer"




"Re |federal |cash |reporting |rule |requires |dealers |to |file |form |83000.... |- |CORRECT |ANSWER
|15 |Days"




"A |new |motor |vehicle |has |three |of |the |following |characteristics. |Which |one |doesn't |it |have? |-
| CORRECT ANSWER D) a title"
| | | |




"A |dealer |wholesaler |or |salespersons |convicted |of |any |felony |or |any |crime.. |Has |how |many
|days |to |report |conviction? |- |CORRECT |ANSWER |A |) |30 |Days"




"A |customer's |trade- |in |vehicle |on |a |financed |deal |may |be |sold |- |CORRECT |ANSWER |D) |only
|when |the |financing |has |been |approved"




"Wholesalers |: |- |CORRECT |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 |- |CORRECT |ANSWER |False"




"The |license |of |a |motor |vehicle |salesperson |or |a |powersports |salesperson |may |be |denied,
|revoked |or |suspended |on |the |following |grounds |- |CORRECT |ANSWER |D) |all |of |the |above"




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, "A |dealer |must |take |in |the |title |in |their |own |name |before |selling |a |car |to |retail |customer |-
| CORRECT ANSWER B) False"
| | |




"Which |of |the |following |would |indicate |a |motor |vehicle |is |"used" |- |CORRECT |ANSWER |A
|certificate |of |title |has |been |issued"




"A |motor |vehicle |dealer |is |responsible |for |: |- |CORRECT |ANSWER |D) |all |of |the |above"

"An |advertisement |would |include |- |CORRECT |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 |- |CORRECT |ANSWER |D) |all |of |the |above"




"Which |of |the |following |is |a |deceptive |trade |practice? |- |CORRECT |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 |- |CORRECT |ANSWER |true"




"A |dealers |advertising |must |contain |the |dealers |licensed |name |and |the |words |- |CORRECT
| ANSWER C) dealer"
| |




"Which |of |the |following |does |not |fit |the |definition |of |a |motor |vehicle |dealer |- |CORRECT
| ANSWER C) someone who sells motor vehicles solely to wholesalers"
| | | | | | | | |




"Depot |plates |may |be |used |during |normal |business |hours |to |transport |a |motor |vehicle |-
| CORRECT ANSWER D ) all of the above"
| | | | | | |




"Licensed |powersport |dealers |may |not |sell |powersports |on |Sundays |( |verify) |- |CORRECT
| ANSWER False"
|




"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"




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