STATE OF COLORADO MOTOR VEHICLE
DEALER BOARD MASTERY (ACTUAL
2025) QUESTIONS AND ANSWERS.
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?
a. accepting a deposit for the advertised vehicle and then | | | | | | | |
switching the purchase
| | |
order to a higher priced vehicle
| | | | |
b. requiring that tie-in sales or other undisclosed conditions be | | | | | | | |
met prior to the sale
| | | | |
c. making disparaging comments about the advertised vehicle,
| | | | | |
such as "this vehicle's
| | | |
4-cylinder engine is not very powerful, you need a V-6 that cost
| | | | | | | | | | |
more."
|
d. all of the above - <<<Answers>>>D..
| | | | |
(VI) Accepting a deposit for the goods, property, or services and
| | | | | | | | | |
subsequently switching the
| | |
purchase order to higher-priced goods, property, or services
| | | | | | |
(III) Requiring tie-in sales or other undisclosed conditions to be
| | | | | | | | |
met prior to selling the
| | | | |
advertised goods, property, or services | | | |
(II) Disparagement in any respect of the advertised goods,
| | | | | | | |
property, or services or the terms
| | | | | |
, STATE OF COLORADO MOTOR VEHICLE | | | |
DEALER BOARD MASTERY (ACTUAL2025)
| | | |
QUESTIONS AND ANSWERS. | | |
of sale;
|
https://leg.colorado.gov/sites/default/files/images/olls/crs2016
-title-06.pdf
The odometer law declares all of the following except:
| | | | | | | |
a. it is unlawful for any person to alter the odometer of any
| | | | | | | | | | |
motor vehicle with the
| | | |
intent to change the number of miles indicated thereon
| | | | | | | |
b. it is unlawful to replace an odometer under any
| | | | | | | |
circumstance
|
c. it is unlawful for any person, with the intent to defraud, to
| | | | | | | | | | |
operate a motor vehicle
| | | |
on any street knowing that the odometer is disconnected
| | | | | | | |
d. it is unlawful for any person to advertise for sale or to
| | | | | | | | | | |
install any device which
| | | |
causes an odometer to register any mileage other than the true
| | | | | | | | | |
mileage driven - <<<Answers>>>B.
| | | |
Adjusting Mileage.—A person may service, repair, or replace an
| | | | | | | |
odometer of a motor vehicle if the mileage registered by the
| | | | | | | | | | |
odometer remains the same as before the service, repair, or
| | | | | | | | | |
replacement.
|
https://www.law.cornell.edu/uscode/text/49/32704
, STATE OF COLORADO MOTOR VEHICLE | | | |
DEALER BOARD MASTERY (ACTUAL2025)
| | | |
QUESTIONS AND ANSWERS. | | |
Three of the following types of motor vehicles are exempt from
| | | | | | | | | |
the Truth in
| | |
Mileage Act. Which one is not exempt? | | | | | |
a. motor vehicles 10 years old and older | | | | | |
b. motor vehicles having a gross empty weight more than
| | | | | | | |
16,000 lbs (more than
| | | |
10,000 lbs in Colorado) | | |
c. motor vehicles with out-of-state titles | | | |
d. motor vehicles that are not self-propelled (i.e. trailers) -
| | | | | | | |
<<<Answers>>>C.
Exemptions from odometer disclosures Vehicles | | | |
10 years old or older.
| | | | |
Vehicles with a manufacturer's gross vehicle weight rating over
| | | | | | | |
16,000 pounds.
| |
Snowmobiles.
All-terrain vehicles. |
Vehicles that are not self-propelled. | | | |
Title transfers when at least one of the registered owners is
| | | | | | | | | |
staying the same, except when
| | | | |
the title submitted is from out of state. Duplicate
| | | | | | | |
title only.
| |
, STATE OF COLORADO MOTOR VEHICLE | | | |
DEALER BOARD MASTERY (ACTUAL2025)
| | | |
QUESTIONS AND ANSWERS. | | |
https://www.dot.nd.gov/divisions/mv/docs/faq-odometer-
disclosure.pdf
|
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? | | | | | | | | | | |
a. 5 days
|
b. 15 days |
c. 30 days |
d. 45 days - <<<Answers>>>Generally, a business must file
| | | | | | |
Form 8300 within 15 days after they receive the cash.
| | | | | | | | | |
https://www.irs.gov/businesses/small-businesses-self-
employed/irs-form-8300-reference-guide
|
Which of the following is a false statement regarding dealers and
| | | | | | | | | |
buyers?
|
a. a dealer must offer a warranty on all motor vehicles sold
| | | | | | | | | |
b. a buyer does not have 72 hours to change their mind on a
| | | | | | | | | | | |
motor vehicle sale that
| | | |
DEALER BOARD MASTERY (ACTUAL
2025) QUESTIONS AND ANSWERS.
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?
a. accepting a deposit for the advertised vehicle and then | | | | | | | |
switching the purchase
| | |
order to a higher priced vehicle
| | | | |
b. requiring that tie-in sales or other undisclosed conditions be | | | | | | | |
met prior to the sale
| | | | |
c. making disparaging comments about the advertised vehicle,
| | | | | |
such as "this vehicle's
| | | |
4-cylinder engine is not very powerful, you need a V-6 that cost
| | | | | | | | | | |
more."
|
d. all of the above - <<<Answers>>>D..
| | | | |
(VI) Accepting a deposit for the goods, property, or services and
| | | | | | | | | |
subsequently switching the
| | |
purchase order to higher-priced goods, property, or services
| | | | | | |
(III) Requiring tie-in sales or other undisclosed conditions to be
| | | | | | | | |
met prior to selling the
| | | | |
advertised goods, property, or services | | | |
(II) Disparagement in any respect of the advertised goods,
| | | | | | | |
property, or services or the terms
| | | | | |
, STATE OF COLORADO MOTOR VEHICLE | | | |
DEALER BOARD MASTERY (ACTUAL2025)
| | | |
QUESTIONS AND ANSWERS. | | |
of sale;
|
https://leg.colorado.gov/sites/default/files/images/olls/crs2016
-title-06.pdf
The odometer law declares all of the following except:
| | | | | | | |
a. it is unlawful for any person to alter the odometer of any
| | | | | | | | | | |
motor vehicle with the
| | | |
intent to change the number of miles indicated thereon
| | | | | | | |
b. it is unlawful to replace an odometer under any
| | | | | | | |
circumstance
|
c. it is unlawful for any person, with the intent to defraud, to
| | | | | | | | | | |
operate a motor vehicle
| | | |
on any street knowing that the odometer is disconnected
| | | | | | | |
d. it is unlawful for any person to advertise for sale or to
| | | | | | | | | | |
install any device which
| | | |
causes an odometer to register any mileage other than the true
| | | | | | | | | |
mileage driven - <<<Answers>>>B.
| | | |
Adjusting Mileage.—A person may service, repair, or replace an
| | | | | | | |
odometer of a motor vehicle if the mileage registered by the
| | | | | | | | | | |
odometer remains the same as before the service, repair, or
| | | | | | | | | |
replacement.
|
https://www.law.cornell.edu/uscode/text/49/32704
, STATE OF COLORADO MOTOR VEHICLE | | | |
DEALER BOARD MASTERY (ACTUAL2025)
| | | |
QUESTIONS AND ANSWERS. | | |
Three of the following types of motor vehicles are exempt from
| | | | | | | | | |
the Truth in
| | |
Mileage Act. Which one is not exempt? | | | | | |
a. motor vehicles 10 years old and older | | | | | |
b. motor vehicles having a gross empty weight more than
| | | | | | | |
16,000 lbs (more than
| | | |
10,000 lbs in Colorado) | | |
c. motor vehicles with out-of-state titles | | | |
d. motor vehicles that are not self-propelled (i.e. trailers) -
| | | | | | | |
<<<Answers>>>C.
Exemptions from odometer disclosures Vehicles | | | |
10 years old or older.
| | | | |
Vehicles with a manufacturer's gross vehicle weight rating over
| | | | | | | |
16,000 pounds.
| |
Snowmobiles.
All-terrain vehicles. |
Vehicles that are not self-propelled. | | | |
Title transfers when at least one of the registered owners is
| | | | | | | | | |
staying the same, except when
| | | | |
the title submitted is from out of state. Duplicate
| | | | | | | |
title only.
| |
, STATE OF COLORADO MOTOR VEHICLE | | | |
DEALER BOARD MASTERY (ACTUAL2025)
| | | |
QUESTIONS AND ANSWERS. | | |
https://www.dot.nd.gov/divisions/mv/docs/faq-odometer-
disclosure.pdf
|
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? | | | | | | | | | | |
a. 5 days
|
b. 15 days |
c. 30 days |
d. 45 days - <<<Answers>>>Generally, a business must file
| | | | | | |
Form 8300 within 15 days after they receive the cash.
| | | | | | | | | |
https://www.irs.gov/businesses/small-businesses-self-
employed/irs-form-8300-reference-guide
|
Which of the following is a false statement regarding dealers and
| | | | | | | | | |
buyers?
|
a. a dealer must offer a warranty on all motor vehicles sold
| | | | | | | | | |
b. a buyer does not have 72 hours to change their mind on a
| | | | | | | | | | | |
motor vehicle sale that
| | | |
