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Colorado Motor Vehicle Salesperson Mastery Examination Practice
Practice mode
Question
1
of 10
QUESTION 1 / 10
What must the Buyers Guide or "as is" sticker do?
Choose one answer below.
A
Be hidden so it does not detract from the vehicle's look
✓
B
Display prominently and be easily readable on the vehicle
✓
C
Only be displayed upon request from a customer
✓
D
Be attached to the engine of the vehicle
✓
QUESTION 2 / 10
What is the primary purpose of a dealer demo plate?
Choose one answer below.
A
For employee use only
✓
B
To be displayed during inspections
✓
C
To showcase vehicles for public buying options
✓
D
For demonstration drives with prospective buyers
✓
QUESTION 3 / 10
Which document is necessary to complete a vehicle sale?
Choose one answer below.
A
Insurance policy
✓
B
Sales contract
✓
C
Title transfer form
✓
D
All of the above
✓
QUESTION 4 / 10
In vehicle advertising, which statement is prohibited?
Choose one answer below.
A
Stating the financing options available
✓
B
Implying a vehicle has been certified
✓
C
Referencing "competitor pricing"
✓
D
Indicating "no trade-in required"
✓
QUESTION 5 / 10
What must happen if a vehicle with more than 1,500 demonstration miles is sold?
Choose one answer below.
A
It must be sold as a new vehicle
✓
B
It must be titled in the dealer's name and sold as used
✓
C
It can be resold without re-titling
✓
D
It cannot be resold under any circumstances
✓
QUESTION 6 / 10
When a salesperson leaves a dealership, what is one requirement the dealer does not have?
Choose one answer below.
A
To immediately employ a new salesperson
✓
B
To notify the motor vehicle dealer board
✓
C
To update their sales records
✓
D
To return the salesperson’s license
✓
QUESTION 7 / 10
When advertising a specific number of motor vehicles, what is true?
Choose one answer below.
A
This is forbidden
✓
B
It must be done in writing
✓
C
This statement is True
✓
D
It can be misleading
✓
QUESTION 8 / 10
What is NOT typically included in an advertisement?
Choose one answer below.
A
Salespersons' opinions
✓
B
Manufacturer's suggested retail price
✓
C
Promotional offers
✓
D
Vehicle features
✓
QUESTION 9 / 10
According to the federal cash reporting rule, when must a dealer file the federal form 8300?
Choose one answer below.
A
Within 5 days of the transaction
✓
B
Within 10 days of the transaction
✓
C
Within 15 days of the transaction
✓
D
Within 30 days of the transaction
✓
QUESTION 10 / 10
According to the regulations, which items can be added to an advertised price?
Choose one answer below.
A
Taxes
✓
B
Fees
✓
C
Pretax rebates
✓
D
None of the above
✓
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