SALES MASTERY EXAM WITH

• | Page

SALES MASTERY EXAM WITH

COMPLETE SOLUTION( S ET OF

QUESTIONS 1,2 AND 3)

Question :The license of a motor vehicle salesperson or

power-sports salesperson may be denied,revoked or

suspended on any of the following grounds except:

• failing to deliver a clear title to the buyer within 30

days of delivery

• advertising a salvaged vehicle while identifying the

vehicle as a salvage vehicle

• engaging in the business for which the salesperson is

licensed without having first been licensed

• having had a license suspended or revoked by the

board or any other state or country

Correct answer:b) advertising a salvaged vehicle while

identifying the vehicle as a salvage vehicle

• | Page

Question :According to colorado law, which of the

following must be licensed as a motor vehicle dealer and or powersports dealer?

a) A person who attempts to negotiate a sale or lease of a

new or used motor vehicle or powersports vehicle with the intent to make a profit or gain

b) A person who engages in the business of selling or

leasing motor vehicles or powersports vehicles

c) A person who advertises a sale or lease of a motor

vehicle or powersports vehicle in the colorado area

d) All of the above

Correct answer:d) All of the above

Question :Colorado Lemon law covers:

• all minor defects that impair the value of a vehicle
• defects that arise from a collision

c)defects that substantially impair the market value of a vehicle

• any defect that occurs after the warranty expires

• | Page

Correct answer:c)defects that substantially impair the

market value of a vehicle

Question :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?

• down payment
• annual percentage rate
• amount of payments
• tax rate

Correct answer:d) tax rate

Question :The motor vehicle dealer board is authorized

and empowered to:

• require proof of vehicle transfers and license plate

usage

• inspect a dealerships required records

• | Page

• investigate complaints

D)all of the above

Correct answer:D)all of the above

Question :Local law enforcement officers must be

notified within 1 hours before or after the repossession of

a motor vehicle occurs:

A)1 hours

• 24 Hours
• 30 Days
• at any time, it is up to the dealer

Correct answer:A)1 hours

Question :All motor vehicle dealers and power-sports

dealers must post a celar, legible sign on their principal

place of business if:

• they are open full time, 40 hours or more per week