2024 Colorado Mastery License Exam New Latest Version with All Questions from Actual Exam, Exams of Nursing

Download 2024 Colorado Mastery License Exam New Latest Version with All Questions from Actual Exam and more Exams Nursing in PDF only on Docsity! 2024 Colorado Mastery License Exam New Latest Version with All Questions from Actual Exam and 100% Correct Answer according to Colorado law which does NOT need to be licensed as a motor vehicle dealer? ---------- Correct Answer ---------- All of the above The Motor Vehicle Dealer Board does NOT have among its members: ---------- Correct Answer ---------- Three employees from the dept. of revenue Three of the following are characteristics of an off-premise permit. . WHich one is not? -- ------- Correct 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? --------- Correct Answer --------- B) a dealer shall clearly indicate on the costumer contract when a vehicle sold "as is" and withou a guarantee When advertising a specific number of motor vehicles that same number of vehicles must have been invoiced to the dealer --------- Correct Answer --------- A)True A buyer agent ---------- Correct Answer ---------- is retained or hired by a consumer to assist/represent/act on behalf of such consumer in connection with the purchase of lease of a Motor vehicle Local law enforcement agencies must be notified within 4 hours after the repossession of a Motor Vehicle ---------- Correct Answer ---------- False 1 hour The license of a new or used dealer/Wholesaler may be denied/suspended /revoked /fined for the following ---------- Correct Answer ---------- Making a material misstatement in an application of license A customer's trade-in vehicle on a financed deal may be sold ---------- Correct Answer --- ------- Only when the financing has been approved and the contract binding has been signed Which is NOT required when advertising a closed end credit sale? ---------- Correct Answer ---------- Tax Rate Which is not a deceptive trade practice? ---------- Correct Answer ---------- Disclosing to the purchaser in writing prior to the sale that a vehicle is a salvage The Motor Vehicle dealer board may decide how large a fine to impose on a dealer who sells vehicles <1500lbs, as long as it does not exceed $5,000 ---------- Correct Answer -- -------- False $10,000 The Motor Vehicle Dealer board is authorized and empowered to ---------- Correct Answer ---------- All of the above -propose fees -order hearing -investigate the following must be conspicuously displayed in the dealers place of business? ---------- Correct Answer ---------- all of the above -license of dealer -salesmen licenses -name of dealership license Records of vehicle transfers and odometer statements must be kept for 5 years ---------- Correct Answer ---------- TRUE An advertisement would NOT include ---------- Correct Answer ---------- a salesperson's verbal statement of the MSRP A dealer is not responsible for taking written action to attempt to correct a misleading advertisement placed by a manufacturer if the advertisement contains the dealers name ---------- Correct Answer ---------- False Which is true of the Colorado Lemon Law? ---------- Correct Answer ---------- "a reasonable number of attempts" to repair applied when the motor vehicle has been out of service for repairs a cumulative total of 30 or more business days during the warranty term or 1 year from date of delivery When advertising terms price conditions of sale of a car, dealers may use the term: ------ ---- Correct Answer ---------- "With approved credit" according to Colorado law motor vehicle leasing companies do not need a motor vehicle dealers license ---------- Correct Answer ---------- False The License of a motor vehicle salesperson may be denied revoked or suspended on the following grounds ---------- Correct Answer ---------- Unfitness of character breaking law false info etc. An off-premise permit: ---------- Correct Answer ---------- Must be readily available for inspection at the sale The motor vehicle dealer board may be decide how large a fine to impose on a dealer who sells primarily vehicles that weigh 1,500 pounds or moreso long as it does not exeed 5k --------- Correct Answer --------- a)True (verify) The colorado consumer protection act declares bait and switch advertising to be deceptive trade practice. Bait and switch advertising includes which of the following ----- ---- Correct Answer --------- d)all of the above 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 wigh less than 1,500 pounds --------- Correct Answer --------- $1,000 Dealers must either be self insured or have insurance for their vehicles --------- Correct Answer --------- A)True In transite 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 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 --------- Correct Answer --------- Employing a properly licensed salesperson The only items that can be added to an advertised price are --------- Correct 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 followin grounds except: --------- Correct Answer --------- D)using point of sale literature in advertising Which of the following is true about colorado's lemon law? --------- Correct Answer ------- -- C) "a reasonable number of attempts" to repair applied when the moter vehicle has been out of service for repairs a cumulative toal of 30 or more business days during the warranty term or 1 year from date of delivery 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 chracterics. WHich one dosen't it have? - -------- Correct Answer --------- D) a title A dealer wholesaler or salesperons convicted of any felony or any crime.. Has how many days to report conviction? --------- Correct Answer --------- A ) 30 Days Three of the followikng are require when a dealer is advertising a lease of a a motr vehicle or powersports vehicle with a payement amount which one is not required? ------ --- Correct Answer --------- D) disclosing the cost of leasing versust the cost of purchasing The definition of a used mother vehicle dealer or used powersports dealer includes whifh of the following ? --------- Correct Answer --------- Aperson who attempts to negotiate a sale or lease of a used motor vehicle or powersports vehicle withe the intent to make a profit or gain A customer's trade- in vehicle on a financed deal may be sold --------- Correct Answer --- ------ D) only when the financing has been aprooed 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 A dealer must take in the title in their own name before selling a car to retail customer -- ------- Correct 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 salesperons or powersports salesperson while awaiting a new license from the board --------- Correct Answer --------- B) False Which of the following is acceptable proof of ownership of a motor vehicle for a colorado dealer? --------- Correct Answer --------- A vehicle subject to a lien on the tile Records of vehicles transfers abd idineter statenebts must be retanied for: --------- Correct Answer --------- C) 5 years Motor vehicle dealers, powersport dealers, used motor vehicle dealers, used powersports dealers or wholesalers are not required to report to the dealer board -------- - Correct Answer --------- B) any change in the hours of operation of the business whenthe business continues full time (review) 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 A buyer agent may --------- Correct Answer --------- D) be retained or hired by a consumer to assist r, represent or act on behalf of such consumer in connection with the purchase or lease of 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 tat 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 durin gnormal business hours to transport a motr vehicle ----- ---- Correct Answer --------- D ) all of the above Which of the following are deceptive trade practices? ---------- Correct Answer ---------- All of the above Bait and switch How many temp permits may a dealer issue for each roadworthy vehicle sold? ---------- Correct Answer ---------- 1 An extension can only be issued but the DMV Depot plates may be used during normal business hours to transport a motor vehicle --- ------- Correct Answer ---------- all of the above All plates Three of the following are required when a dealer is advertising a lease of a motor vehicle with a payment amount ---------- Correct Answer ---------- ~Amount or percentage of the down payment ~terms of repayment (car payment date) ~Annual percentage rate (interest rate of the loan) which is NOT required when advertising a lease? ---------- Correct Answer ---------- disclosing the cost of lease vs purchasing Prominently and conspicuously display the ________? ---------- Correct Answer ---------- FTC Buyer's Guide A temp registration permit may be issued: ---------- Correct Answer ---------- -for 60 days in a B2C sale-for 7 days in a B2B sale Motor Vehicle salesmen are required to have a surety bond in the amount of $30k ------- --- Correct Answer ---------- False, $15,000 If a salesperson leaves a dealership during the licensing year and becomes employed at another dealership they must acquire a new license for the unexpired portion of their returned license from the board ---------- Correct Answer ---------- TRUE A Motor Vehicle salesperson may work for more than 1 dealership during one year ------ ---- Correct Answer ---------- TRUE All Motor Vehicle dealers and dealers must post a clear legible sign on their place of business if: ---------- Correct Answer ---------- they will be open less than 40 hours per week A Motor vehicle salesman can be personally liable for any proven claim or judgement in excess of their surety bond ---------- Correct Answer ---------- TRUE Licensed Motor vehicle dealers ---------- Correct Answer ---------- must be open for business at least three (3)days per week for a continuous period of time not less than four (4) hours per day between the hours of8 a.m. and 9 p.m. The license of a new or used dealer/wholesale/auctioneer/ may be denied/suspended/revoked/fined for all the following except: ---------- Correct Answer ---- ------ attempting to negotiate the sale or lease of a Motor vehicle with intent to make profit or gain Federal odometer law declares it unlawful to do the following: ---------- Correct Answer -- -------- operate Motor vehicle on any street with intent to defraud knowing the odometer is disconnected A dealer has how many days to facilitate delivery from the date of sale? ---------- Correct Answer ---------- 30 Days Which of the following is NOT proof of ownership for a Motor Vehicle for a CO dealer? -- -------- Correct Answer ---------- a vehicle subject to a lien on the title a dealers ad must contain the dealers licensed name and the words ---------- Correct Answer ---------- Dealer federal cash reporting requires dealers to file form 8300 with IRS within how many days of receiving $10,000 cash? ---------- Correct Answer ---------- 15 days Wholesalers may? ---------- Correct Answer ---------- Sell to dealers and other wholesalers or Make a profit or gain selling to dealers and wholesalers The license of a Motor vehicle salesman may be revoked/suspended on the following grounds: ---------- Correct Answer ---------- Violating any of the terms and provisions The license of a Motor vehicle salesman may be revoked/suspended on all grounds EXCEPT: ---------- Correct Answer ---------- advertising a salvaged vehicle while identifying that vehicle as salvaged The advertised price of a Motor vehicle must include: ---------- Correct Answer ---------- dealer handling and preparation charges Which must remain in the window of a new motor vehicle until its sold to the ultimate purchaser? ---------- Correct Answer ---------- Moroney label A Motor vehicle dealer, wholesaler, or salesperson must give Dealer Board written notice of ---------- Correct Answer ---------- If hours of business are going to change Motor vehicles with demo plates may be loaned to charity organizations and celebrities - --------- Correct Answer ---------- False Which is a false statement regarding dealers and buyers ---------- Correct Answer -------- -- A dealer must offer a warranty on all motor vehicles sold in addition to possible dealer bond sanctions, if a dealer/salesperson uses bait & switch it is a class 2 misdemeanor with 12 months maximum jailtime and $1,000 fine or both --- ------- Correct Answer ---------- TRUE What is the highest fine per offense the dealer board may impose on dealers who sell vehicles less than 1500 lbs? ---------- Correct Answer ---------- $500 The license of a Motor vehicle salesperson or PWSPT may be denied/revoked/suspended on any of the following grounds except ---------- Correct Answer ---------- improperly withholding/misappropriating/converting to ones own use any money belonging to customers or any persons received in employment as a salesperson A dealer must take in the title in their own name before selling a car to a retail customer ---------- Correct Answer ---------- 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 ---------- Correct Answer ---------- False Which of the following is acceptable proof of ownership of a motor vehicle for a Colorado dealer? ---------- Correct Answer ---------- A vehicle subject to a lien on the tile Records of vehicles transfers and odometer statements must be retained for: ---------- Correct Answer ---------- 5 years 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 ---------- all of the above An advertisement would include ---------- Correct Answer ---------- All of the above Which of the following is a deceptive trade practice? ---------- Correct Answer ---------- All of the above Demo plates can be displayed on vehicles that are used by the dealership for any commercial purpose ---------- Correct Answer ---------- True salesperson, used motor vehicle dealer, wholesale motor vehicle auction dealer, or wholesaler licensee of any of the terms and provisions of this part 1 or of any rule or regulation promulgated by the board under the authority conferred upon it in this section. The board shall order an investigation of all written and signed complaints, shall have the authority to issue subpoenas and to delegate the authority to issue subpoenas to the executive director, and the executive director shall make an investigation of all such complaints transmitted by the board pursuant to section 12-6-105. if the board determines that there is probable cause to believe a violation of this article has occurred, it may order that an administrative hearing be held pursuant to section 24-4-105, C.R.S. https://www.colorado.gov/pacific/sites/default/files/January%207%202015%20Motor%2 0Vehicles%20laws.pdf Dealers may be administratively fined by the Dealer Board up to what amount for each separate offense? ---------- Correct Answer ---------- (m) (I) (A) If a hearing is held before an administrative law judge or a hearing officer designated by the board from within the board's membership, after due notice and a hearing by such judge or hearing officer pursuant to section 24-4-105, C.R.S., to review the findings of law and fact and the fairness of any fine imposed and to uphold such fine, to impose an administrative fine upon its own initiative, which shall not exceed ten thousand dollars for each separate offense https://www.colorado.gov/pacific/sites/default/files/January%207%202015%20Motor%2 0Vehicles%20laws.pdf New and used motor vehicle dealers, wholesalers and wholesale auction dealers are required to have a surety bond in the amount of $ ---------- Correct Answer ---------- $50,000 for Dealer/Wholesaler https://www.colorado.gov/pacific/enforcement/dealer-and-wholesaler-motor-vehicle- powersports-auto-industry-division Motor vehicle salespersons are required to have a surety bond in the amount of $ ---------- Correct Answer ---------- Surety Bond with FULL LEGAL NAME in the amount of $15,000. A photocopy may be submitted. https://www.colorado.gov/pacific/enforcement/salesperson-auto-industry-division 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 a person is engaged in the business of selling motor vehicles. ---------- Correct Answer -- -------- The sale or lease of three or more new or new and used motor vehicles or the offering for sale or lease of more than three new or new and used motor vehicles at the same address or telephone number in any one calendar year shall be prima facie evidence that a person is engaged in the business of selling or leasing new or new and used motor vehicles. https://www.colorado.gov/pacific/sites/default/files/January%207%202015%20Motor%2 0Vehicles%20laws.pdf The definition of a used motor vehicle dealer includes which of the following? ---------- Correct Answer ---------- (17) "Used motor vehicle dealer" means any person who, for commission or with intent to make a profit or gain of money or other thing of value, sells, exchanges, leases, or offers an interest in used motor vehicles, or attempts to negotiate a sale, exchange, or lease of used and new motor vehicles or who is engaged wholly or in part in the business of selling used motor vehicles, whether or not such motor vehicles are owned by such person. https://www.colorado.gov/pacific/sites/default/files/January%207%202015%20Motor%2 0Vehicles%20laws.pdf Wholesalers may: a. make a profit or gain selling to dealers and wholesalers b. employ a motor vehicle salesperson c. conduct business in their own personal name d. hold both a wholesale license and a motor vehicle salesperson license at the same time ---------- Correct Answer ---------- A. Regulation 12-6-102 (18) No person may hold both a wholesaler license and a motor vehicle salesperson license at the same time. A wholesaler may not employ a motor vehicle salesperson. For discussion of profit or gain, see Regulation 12-6-102 (13). Wholesalers shall use a name other than their personal name on all business documents for the purchase and sale of motor vehicles to differentiate between a wholesaler and a Regulation 12-6- 104 (3)(a) https://www.sos.state.co.us/CCR/GenerateRulePdf.do?ruleVersionId=2129&fileName=1 %20CCR%20205-1 Which of the following is not a requirement for motor vehicle dealers, used motor vehicle dealers, or wholesalers? a. report to the Dealer Board any transfer of 10% or more of ownership to one individual b. submit to the Dealer Board a written notice when a licensee changes the trade name of the business c. report to the Dealer Board when a licensee changes the site or location of the principal place of business d. submit to the Dealer Board a copy of a valid Colorado ID ---------- Correct Answer ----- ----- D? No licensee shall change the name or trade name of the business without submitting written notice to the Board, not less than ten days prior to the change. Any transfer of ten percent or more of the capital stock of any corporation holding a license under the provisions of this article shall be reported to the administrator not less than ten days prior to such transfer. https://www.colorado.gov/pacific/sites/default/files/JANUARY%208%20MV%20REGS% 20unhighlited011215.pdf Secure Verifiable Identification — A photocopy of an appropriate identification such as a Colorado Driver License for the applicant (unless the applicant is a corporation or LLC ) https://www.colorado.gov/pacific/enforcement/dealer-and-wholesaler-motor-vehicle- powersports-auto-industry-division 44-20-119. Notice of change of address or status. (1) The board, through the executive director, shall not issue a motor vehicle dealer's license or used motor vehicle dealer's license to any applicant therefor who has no principal place of business as is defined in this part 1. Should the motor vehicle dealer or used motor vehicle dealer change the site or location of the dealer's principal place of business, the dealer shall immediately upon making the change so notify the board in writing, https://www.colorado.gov/pacific/sites/default/files/crs2018-title-44.pdf 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 salesperson to act as a motor vehicle salesperson until a new _________ is procured. -- -------- Correct Answer ---------- It shall be unlawful for such salesperson to act as a motor vehicle salesperson until a new license is procured. https://www.colorado.gov/pacific/sites/default/files/January%207%202015%20Motor%2 0Vehicles%20laws.pdf A buyer agent may: a. be a person whose business includes the purchase of motor vehicles primarily for resale b. 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 c. advertise the consumer's trade-in d. receive compensation from a dealer or salesperson ---------- Correct Answer ---------- B (b) (I) "Buyer agent" does not include a person whose business includes the purchase of motor vehicles primarily for resale or lease; except that nothing in this subsection (2.5) shall be construed to prohibit a buyer agent from assisting a consumer regarding the disposal of a trade-in motor vehicle that is incident to the purchase or lease of a vehicle if the buyer agent does not advertise the sale of, or sell, such vehicle to the general public, directs interested dealers and wholesalers to communicate their offers directly to the consumer or to the consumer via the buyer agent, does not handle or transfer titles or funds between the consumer and the purchaser, receives no compensation from a dealer or wholesaler purchasing a consumer's vehicle, and identifies himself or herself as a buyer agent to dealers and wholesalers interested in the consumer's vehicle. (II) A "buyer agent" licensed pursuant to this part 1 shall not be employed by or receive a fee from a person whose business includes the purchase of motor vehicles primarily for resale or lease, a motor vehicle manufacturer, a motor vehicle dealer, or a used motor vehicle dealer. https://www.colorado.gov/pacific/sites/default/files/January%207%202015%20Motor%2 0Vehicles%20laws.pdf A new motor vehicle has three of the following characteristics. Which one doesn't it have? a. a motor vehicle being transferred for the first time from a manufacturer b. a motor vehicle that is titled c. a motor vehicle which has not been used and commonly known as a "new" vehicle d. a motor vehicle with less than 1500 demonstration miles at the franchised dealer ------ ---- Correct Answer ---------- B. A new motor vehicle, is defined as "any motor vehicle being transferred for the first time from a manufacturer or importer, or dealer or agent or agent of a manufacturer or importer, and which motor vehicle has heretofore not been used, and is what is commonly known as a "new motor vehicle"." A motor vehicle which has been used by a dealer solely for the purpose of demonstration to prospective customers shall be considered a "new vehicle" , unless such demonstration use has been for more than Fifteen Hundred (1500) miles. https://www.colorado.gov/pacific/sites/default/files/JANUARY%208%20MV%20REGS% 20unhighlited011215.pdf Which of the following would always indicate a motor vehicle is used? a. a vehicle with less than 1500 demonstration miles at the franchised dealer b. a vehicle with a properly assigned Manufacturer's Certificate of Origin c. a vehicle that is titled d. a vehicle with a Monroney label ---------- Correct Answer ---------- C. A "used motor vehicle" is defined as any motor vehicle which has been sold, bargained, exchanged, given away, or the title thereto transferred from the person who first took title thereto from the manufacturer or importer, dealer or agent of the manufacturer or importer, or so used as to have become what is commonly known as a "secondhand motor vehicle"." In the event of transfer on the certificate of origin, from the original franchised dealer to any other dealer or individual other than a franchised dealer of the same make of vehicle, the vehicle shall be considered a "used" motor vehicle, and must be titled in the new owner's name https://www.colorado.gov/pacific/sites/default/files/JANUARY%208%20MV%20REGS% 20unhighlited011215.pdf Since 1985, the Federal Trade Commission's Used Car Rule has required that dealers prominently and conspicuously display the __________________ on every used car or light truck offered for sale. This is also known as the "as is" sticker. ---------- Correct Answer ---------- Buyers Guide https://www.ftc.gov/enforcement/rules/rulemaking-regulatory-reform-proceedings/used- car-rule Three of the following are required when a dealer is advertising a lease of a motor vehicle with a payment amount. Which one is not required? a. disclosing the cost of leasing versus the cost of purchasing. b. disclosing the number, amounts and due dates or periods of scheduled payments. c. disclosing whether or not a security deposit is required. d. disclosing that the transaction advertised is a lease. ---------- Correct Answer ---------- A. Regulation M Then the following terms must be disclosed: That the advertised transaction is a lease; The total amount due prior to or at consummation or delivery; The number, amounts and due dates or periods of scheduled payments; A statement of whether or not a security deposit is required; and A statement that an extra charge may be imposed at the end of the lease term where the lessee's liability, if any, is based on the difference between the residual value of the leased property https://www.colorado.gov/pacific/sites/default/files/Dealer%20Board%20Advertising%20 Rules%20DR%202332.pdf An advertisement would include: a. a commercial message in a flyer b. a commercial message in a direct mail literature c. a price on a vehicle windshield d. all of the above ---------- Correct Answer ---------- D. Advertisement means any commercial message in any newspaper, magazine, leaflet, flyer, or catalog, on radio, television or public address system, in direct mail literature or other printed material, on any interior or exterior sign or display, in any window display, on a computer display, or in any point-of-transaction literature or price tag https://www.colorado.gov/pacific/sites/default/files/Dealer%20Board%20Advertising%20 Rules%20DR%202332.pdf Which of the following must be identified in advertising? a. salvage vehicles Which of the following is not proof of ownership of a motor vehicle for a Colorado dealer? a. a used vehicle with a properly assigned Colorado title to the licensed dealer b. a used vehicle with a properly assigned out-of-state title to the licensed dealer c. a signed Monroney Label d. a new vehicle assigned by a MCO to the licensed Colorado dealer ---------- Correct Answer ---------- C. Anyone can take that out of a window and sign it.. Full-use dealer plates cannot be displayed on vehicles that are used by the dealership for any _______________ purpose ---------- Correct Answer ---------- Commercial ? (c) Full-use dealer plates may be used only for vehicles owned and offered for sale by the dealer or wholesaler. Full-use dealer plates shall not be used on vehicles owned by dealerships or wholesalers that are commonly used by that dealer as tow trucks or vehicles commonly used by that dealer to pick up or deliver parts. https://leg.colorado.gov/sites/default/files/images/olls/crs2016-title-42.pdf About: Vehicles displaying Dealer Full-Use license plates may be utilized by the owners and co-owners or employees of the dealership, the spouse or dependent child living in the same household as the licensed dealer or wholesaler or any person including former, current and prospective customers, in order to serve the legitimate business interest of the dealership. https://www.colorado.gov/pacific/dmv/other-license-plates Which one of the following statements is true regarding dealer demo plates? a. a demonstration drive may last up to 14 days b. a demo plate that is lost or stolen must be reported within 2 working days to the Department of Revenue Dealer Section c. a demo plate may be used on a commercial vehicle owned by the dealership d. a demo plate may be loaned to celebrities, athletes or accountants for personal use -- -------- Correct Answer ---------- No answer... Read below 2. May be displayed on vehicles for demonstration drive purposes, during normal business hours, when a dealership employee is in the vehicle with the prospective buyer. a. May be displayed on vehicles operated by a prospective buyer for demonstration drives. Demonstration drives by a prospective purchaser shall not exceed seven calendar days. 2.12 Lost or stolen dealer plates shall be reported within seventy-two (72) hours to the local law enforcement agency and the Department of Revenue, Division of Motor Vehicles, Registration Section using form number DR2283 Affidavit for Lost or Stolen License Plates/Permits. All depot plates shall be replaced for the original statutory fee identified in 42-3-116 CRS and the material fees identified 42-3-301 CRS. 1. Shall only be displayed on vehicles offered for sale by a dealer. 4. Dealer Demonstration license plates may not be displayed on vehicles that: f. Are tow vehicles or parts pickup/delivery vehicles. https://www.colorado.gov/pacific/sites/default/files/April%2014%202016%20Unhighlight ed%20MV%20Regulations_1.pdf Which of the following is true regarding dealer demo plates? a. a dealer demo plate may be loaned out to a charitable organization such as for use in a parade b. dealer demo plates may be used on vehicles owned by the dealership such as tow trucks parts pickup vehicles or service loaners c. dealer demo plates may be displayed only on vehicles owned by or consigned to the dealer or wholesaler d. a dealer demo plate may be used on vehicles being delivered to the purchaser -------- -- Correct Answer ---------- C. 4. Dealer Demonstration license plates may not be displayed on vehicles that: a. Have been sold, leased, or rented, or; b. Are being delivered to the purchaser, or; c. Are dealer or dealership employees' personal vehicles, or; d. Are loaned or donated by the dealership, or; e. Are being pulled, hauled, or are otherwise considered cargo, or; f. Are tow vehicles or parts pickup/delivery vehicles. https://www.colorado.gov/pacific/sites/default/files/April%2014%202016%20Unhighlight ed%20MV%20Regulations_1.pdf Which of the following is true regarding depot plates? a. depot plates may be used by a repair facility to road test a vehicle after repair during normal business hours b. depot plates may be used to transfer a vehicle from point of purchase to the dealers lot c. depot plates may be used as demo plates d. depot plates may be used to deliver a purchased vehicle to the consumer ---------- Correct Answer ---------- 2.5 A depot plate may be used by the dealership to transport vehicles to and from the dealer's place of business or storage for the purpose of completing work that involves repairing, painting, upholstering, polishing or other similar types of work on the vehicle. A depot plate may also be used for road testing the vehicle after repair. Movement of a vehicle using a depot plate for any purpose other than those listed above shall constitute private use. https://www.colorado.gov/pacific/sites/default/files/April%2014%202016%20Unhighlight ed%20MV%20Regulations_1.pdf A new or used motor vehicle dealer may legally do which of the following with a temporary registration permit? a. issue a 7 day permit upon the sale of a motor vehicle to another dealer b. issue a permit for a demonstration drive by a consumer c. loan, give, borrow, sell, exchange or issue permits for or with another dealer d. issue a second permit to a consumer or another dealer ---------- Correct Answer ------- --- A. 7 day B2b sale, 60 days to customer 2.3 Temporary permits and dealer stubs shall be issued by Dealers upon consummation of a sale. Dealers shall not loan, give, borrow, sell, exchange or issue permits for or with another dealer, individual, business, company, or corporation. Temporary permits are not renewable, but when circumstances warrant, subsequent permits may be applied for by the consumer from their County Motor Vehicle Office or the Auto Industry Division. https://www.colorado.gov/pacific/sites/default/files/April%2014%202016%20Unhighlight ed%20MV%20Regulations_1.pdf How many temporary permits may a dealer issue for each road worthy vehicle sold ---------- Correct Answer ---------- 1 More Q & Answer ---------- Correct Answer ---------- https://www.studyblue.com/notes/note/n/motor-vehicle-licensing-test/deck/18924100 Records of vehicle transfers and odometer statements must be retained for ____ years. ---------- Correct Answer ---------- 5 Colorado's Lemon Law covers: a. new self-propelled vehicles, including pickups and vans b. new self-propelled vehicles, including pickups, vans, motor homes and motorcycles c. all new vehicles d. all of the above ---------- Correct Answer ---------- Colorado's Lemon Law covers only new self-propelled vehicles, including pickups and vans. Motor homes and motorcycles are excluded from the Lemon Law. https://www.colorado.gov/pacific/sites/default/files/Colorado%E2%80%99s%20Lemon% 20Law%20For%20Consumers%20and%20Dealers.pdf Which of the following is true about Colorado's Lemon Law? a. defects, such as a rattle or squeak, that do not substantially impair its use and market value are not covered b. prior to suing a manufacturer for refund or replacement vehicle, the consumer must first send a written notice of defect by certified mail to the manufacturer c. under law, a "reasonable number of attempts" to repair applies when the same defect exists after it has been subject to repair four or more times within the first year after the date of original delivery d. all of the above ---------- Correct Answer ---------- D. Defects, such as rattles or squeaks, which do not substantially impair the use or market value of the vehicle are not covered. Prior to suing a manufacturer for a refund or replacement vehicle, the consumer must first send a written notice of defect by certified mail to the manufacturer. Under the law, a "reasonable number of attempts" to repair a defect applies when the same defect remains after it has been subject to repair four (4) or more times within the first year after the date of original delivery. The proper steps to repossess a motor vehicle include: a. effect a lien creating a security interest b. allow the required payment to default (become at least 10 days late) c. send or hand deliver a "right to cure" letter to the debtor and allow the debtor 20 days to cure d. all of the above ---------- Correct Answer ---------- D. https://lawhelp.coloradolegalservices.org/files/C778C1AF-0259-C21E-D854- 1BFD140C9164/attachments/374152D1-D682-83E3-EAA9- 55E75D32E188/repossession-timeline.pdf Local law enforcement offices must be notified within _______ hour(s) before or after the repossession of a motor vehicle occurs. ---------- Correct Answer ---------- The notification must be made at least one hour before, if possible, and in any event no later than one hour after, the repossession occurs. https://www.colorado.gov/pacific/sites/default/files/Study%20Guide%20- %20Miscellaneous%20Statutes%20%26%20Regulations%20%282017-2018%29.pdf Which of the following may motor vehicle dealers sell on a Sunday? a. any car on their lot b. a boat trailer or snowmobile trailer c. no vehicles may be sold on a Sunday d. trucks over 10,000 lbs ---------- Correct Answer ---------- c. no vehicles may be sold on a Sunday