Mastery Exam, Car Sales Test Colorado Exam with 257 Questions and Verified Answers Latest, Exams of Sales Management

Download Mastery Exam, Car Sales Test Colorado Exam with 257 Questions and Verified Answers Latest and more Exams Sales Management in PDF only on Docsity! Mastery Exam, Car Sales Test Colorado Exam with 257 Questions and Verified Answers (GRADED A)LATEST UPDATE 2024 The license of a motor vehicle salesperson or power-sports salesperson may be denied, revoked or wienisin on ay of the hile wh emi Sao ih According to colorado law, which of the following must be licensed as a motor vehicle dealer and or powersports dealer? Colorado Lemon law covers: 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? d The motor vehicle dealer board is authorized and empowered to: Local law enforcement officers must be notified within hours before or after the repossession of a motor vehicle occurs: All motor vehicle dealers and power-sports dealers must post a clear, legible sign on their principal place of business if: A dealer 7” issue a temporary permits for each roadworthy vehicle sold B) 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 more so long as it does not exceed 5k The Colorado's consumer protection act declares bait and switch advertising to be deceptive trade practice. Bait and switch advertising includes which of the following ‘Dall ofthe above Three of the following types of motor vehicles are exempt from the truth in mileage act. Which one is not exempt? The motor vehicle dealer board does not have among its members c)three 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 Three of the following are characteristics of an off-premise permit. . Which one is not? Which of the following is a true statement regarding dealers and buyers? When advertising a specific number of motor vehicles that same number of vehicles must have been invoiced to the dealer Dealers must either be self insured or have insurance for their vehicles A)True In transit plates may be used on motor vehicles 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 B) Records of vehicles transfers and odometer statements must be retained for: ° Motor vehicle dealers, powersport dealers, used motor vehicle dealers, used powersports dealers or wholesalers are not required to report to the dealer board Which of the following would indicate a motor vehicle is "used" | A motor vehicle dealer is responsible for : An advertisement would include The license of a new or used dealer, wholesale auction dealer, or wholesaler may be denied, suspended revoked or fined for the following Which of the following is a deceptive trade practice? Demonstration plates can be displayed on vehicles that are used by the dealership for any commercial purpose A dealers advertising must contain the dealers licensed name and the words C) Which of the following does not fit the definition of a motor vehicle dealer C) a rhe wo be used during normal business hours to transport a motor vehicle Licensed powersport dealers may not sell powersports on Sundays ( verify) By definition an advertisement may include any commercial message on any computer display or window, display which is delivered or made available to a customer or prospective customer in et manner whatsoever The motor Vehicle dealer board is authorized and empowered to The federal odometer law declares that it is unlawful to do any of the following except Dealer demo plates may be used on motor vehicles New and used motor vehicle dealers, powersports dealers, and wholesale auction dealers are required to have a surety bond Motor vehicle and powersport salespeople are required to have a surety bond in the amount of : The Wot os or "as is" sticker must be In advertisement motor vehicle, a dealer or salesperson may Which of the following steps are require to properly and legally repossess a motor vehicle Effect Which of the following motor vehicles may be sold on Sundays? The Motor Vehicle Dealer Board is authorized and empowered to: Dealers may be administratively fined by the Dealer Board up to what amount for each separate offense? New and used motor vehicle dealers, wholesalers and wholesale auction dealers are required to have a surety bond in the amount of ? Motor vehicle salespersons are required to have a surety bond in the amount of? $15,000 Selling _ or more vehicles or offering for sale more than _ vehicles at the same address or a number in a one calendar oe shall be prima facie evidence that A person is The definition of a used motor vehicle dealer includes which of the following? — period of repayment or amount of finance charge. Which one is not required? a A dealer has how many days to deliver or facilitate delivery of title from the date of sale? Which of the following is not proof of ownership of a motor vehicle for a Colorado dealer? Which one of the following statements is true regarding dealer demo plates? May be displayed on vehicles operated by a prospective buyer for demonstration drives. Which of the following is true regarding dealer demo plates? Which of the following is true regarding depot plates? Anew or used motor vehicle dealer may legally do which of the following with a temporary registration permit? How many temporary permits may a dealer issue for each road worthy vehicle sold 1 Records of vehicle transfers and odometer statements must be retained for years. 5 The odometer law declares all of the following except: it is unlawful to replace an odometer under any circumstance Three of the following types of motor vehicles are exempt from the Truth in Mileage Act. Which one is not exempt? motor vehicles with out-of-state titles 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? 15 days Which of the following is a false statement regarding dealers and buyers? a dealer must offer a warranty on all motor vehicles sold Three of the following are deceptive trade practices. Which one of the following is not? the dealer discloses in the advertisement all known material information three of the following are deceptive trade practices. Which one of the following is not? delivering good as promised A customer's trade-in vehicle on a financed deal may be sold: only when the financing has been approved Colorado's Lemon Law covers: Colorado's Lemon Law covers only new self-propelled vehicles, including pickups and vans. Motor homes and motorcycles are excluded from the Lemon Law. Which of the following is true about Colorado's Lemon Law? all of the above Local law enforcement offices must be notified within hour(s) before or after the repossession of a motor vehicle occurs. 1 hour before Which of the following may motor vehicle dealers sell on a Sunday? no vehicles may be sold on a Sunday the definition of used motor vehicle dealer or used power sports a person who attempts to negotiate a sale or lease of a of a used MV or PWSP vehicle for profit when advertising a specific number of motor vehicles, that True selling , Leasing , exchanging, renting with option to purchase True By obtaining an off premise permit, dealers may sell motor vehicle at False Which of the following statements is true regarding dealer demo a demo drive cannot exceed 7 days CO lemon law includes Defects that substantially impair the market value of the vehicle motor vehicle insurance is required for all registered vehicles intended for use on Colorado roads which is true regarding in-transit plates? in-transit plates may be used to transport vehicles from point of purchase to point of storage or from point of storage to point of sale