Sales Mastery Exam set of questions 1 Latest

Sales Mastery Exam ( set of questions 1) Latest Updated - 110 Questions and 100% Verified Correct Answers Guaranteed A+

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

A customer's trade- in vehicle on a financed deal may be sold - CORRECT ANSWER:

• only when the financing has been aprooed

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

A dealer may issue a temporary permits for each roadworthy vehicle sold - CORRECT

ANSWER: B) false (verify)

A dealer must take in the title in their own name before selling a car to retail customer -

CORRECT ANSWER: B) False

A dealer wholesaler or salesperons convicted of any felony or any crime.. Has how

many days to report conviction? - CORRECT ANSWER: A ) 30 Days

A dealers advertising must contain the dealers licensed name and the words -

CORRECT ANSWER: C) dealer

A motor vehicle dealer is responsible for : - CORRECT ANSWER: D) all of the above

A new motor vehicle has three of the following chracterics. WHich one dosen't it have? -

CORRECT ANSWER: D) a title

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

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

According to colorado law, which of the following must be licensed as a motor vehicle

dealer and or powersports dealer? - CORRECT ANSWER: d) All of the above

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All motor vehicle dealers and power-sports dealers must post a celar, legible sign on their principal place of business if: - CORRECT ANSWER: B) they wull be open less than 40 hours a week

An advertisement would include - CORRECT ANSWER: D) all of the above

By definition an advertisement may include any commercial message on any computer dspay or window, duspay which is delivered or made available to asustomer or

prospective customer in any manner whatsoever - CORRECT ANSWER: True ( verify)

Colorado Lemon law covers: - CORRECT ANSWER: c)defects that substantially impair the market value of a vehicle

Dealer demo plates may be used on motor vehicles - CORRECT ANSWER: D) properly

assigned in the name of the dealership

Dealers must either be self insured or have insurance for their vehicles - CORRECT

ANSWER: A)True

Demonstration plates can be displayed on vehicles tat are used by the dealership for

any commercial purpose - CORRECT ANSWER: true

Depot plates may be used durin gnormal business hours to transport a motr vehicle -

CORRECT ANSWER: D ) all of the above

In advertisement motor vehicle, a dealer or salesperson may - CORRECT ANSWER:

Make reference " dealer cost ;" or "invoice price: verify

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

Licensed powersport dealers may not sell powersports on sundays ( verify) - CORRECT

ANSWER: False

Local law enforcement officers must be notified within 1 hours before or after the repossession of a motor vehicle occurs: - CORRECT ANSWER: A)1 hours

Motor vehicle and powersport salespeople are required to have a surety bond in the amount of : - CORRECT ANSWER: 15k$

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)

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