State of Colorado Motor Vehicle Dealer Board Mastery Examination Questions With 100% Verified Solutions

State of Colorado Motor Vehicle Dealer Board Mastery Examination Questions With 100% Verified Solutions Three of the following are characteristics of an off-premise permit. Which one is not? a. the permit could be used for a permanent second location b. the permit cannot exceed six days except for the National Western Stock Show, the Colorado State Fair and the Denver Auto Show, which shall not exceed 20 days c. the permit shall be available for inspection at the sale d. consecutive permits for the same location are not allowed - ANSWER A. Up to six calendar days from start to finish is allowed for an offpremise permit, except as provided below; Up to twenty calendar days from start to finish is allowed for an off-premise permit for the National Western Stock Show, the Colorado State Fair, the Greeley Stampede, or the Denver Auto Show. Once permit is approved, the approved permit must be posted for inspection at the sale location. Consecutive permits for the same location are not allowed. auto-industry division 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: a. advertising a salvaged vehicle that identifies that vehicle as a salvage vehicle b. making a material misstatement in an application for license c. intentionally publishing or circulating any advertising which is misleading or inaccurate d. selling or attempting to negotiate the sale of motor vehicles for any motor vehicle dealer for which such salesperson is not licensed - ANSWER A... Colorado Revised Statute requires any owner or dealer to disclose any title brand prior to sale or trade of a motor vehicle. The license of a motor vehicle salesperson may be denied, revoked, or suspended on the following grounds except: a. having knowingly disposed of a stolen motor vehicle b. defrauding any retail buyer to such person's damage c. representing as "new" a motor vehicle that the salesperson knows is used d. not having a valid Colorado drivers license - ANSWER D... A photocopy of an appropriate identification such as a Colorado Driver License The license of a motor vehicle salesperson may be denied, revoked, or suspended on the following grounds except: a. to engage as a licensee without having in force a good and sufficient bond with corporate surety b. having been convicted of or pled nolo contendre to a felony c. using point of sale literature in advertising d. improperly withholding or misappropriating to such salesperson's own use money belonging to customers or other persons, received in the course of employment as a motor vehi - ANSWER c. using point of sale literature in advertising A dealer, wholesaler or salesperson who is convicted of any felony or any crime 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 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