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State of Colorado Sales License Test Questions & answers
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State of Colorado Sales License Test Questions & answers
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State of Colorado Sales License TestThree of the following types of motor vehicles are exempt from the truth in mileage act. -
ANS-~Vehicles 10 years old or older~Vehicles having a gross empty weight more than
10,000 lbs~Vehicles not self propelled (Trailers)
The definition of a used motor vehicle dealer or used dealer includes which of the
following? - ANS-a person who attempts to negotiate a sale or lease of a used motor
vehicle or powersports vehicle with the intent to make a profit or gain
The Motor Vehicle Board is authorized and empowered to: - ANS-All Of The Above
~Amend and repeal rules, regulations and previsions
When advertising a specific number of motor vehicles, that same number of vehicles
must be invoiced to the dealer - ANS-TRUE
bait and switch is - ANS-ad that attracts consumers with a low-priced product, then tries
to sell them a higher-priced product
Selling, Leasing, Trade-In, with option to purchase, offering or negotiating and exchange
of interest in 3+ vehicles in any 1 year is prima facie evidence that a person is engaged
in the business of selling or leasing motor vehicles - ANS-TRUE
By obtaining an off-premise permit, dealers may sell motor vehicles at another location
on Sunday - ANS-FALSE - NO Sale of vehicle should be done on Sundays
Which of the following statements is true regarding dealer demo plates? - ANS-a demo
drive cannot exceed 7 days
Colorado Lemon Law includes: - ANS-defects that substantially impair the market value
of the vehicle
Motor vehicle insurance is required: - ANS-for all registered vehicles intended for use on
colorado roads
Which is true regarding in-transit plates? - ANS-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
, Licensed dealers may sell which of the following on Sundays? - ANS-The selling of boat
trailers and snowmobile are exempt
Which of the following steps are required to properly and legally repossess a motor
vehicle? - ANS-effect a lien creating a security interest, Allow the required payment to
default (become at least 10 days late), send or hand deliver a "right to cure" letter to the
debtor and allow the debtor 20 days to cure
An advertisement may include - ANS-licensed name with the word DEALER
which of the following is a used vehicle? - ANS-any vehicle that has been previously
bought a demo vehicle with 1500 miles
Which of the following are deceptive trade practices? - ANS-All of the above
Bait and switch
How many temp permits may a dealer issue for each roadworthy vehicle sold? - ANS-1
An extension can only be issued but the DMV
Depot plates may be used during normal business hours to transport a motor vehicle -
ANS-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 - ANS-~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? - ANS-disclosing the cost of lease vs
purchasing
Prominently and conspicuously display the ________? - ANS-FTC Buyer's Guide
A temp registration permit may be issued: - ANS--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 -
ANS-False, $15,000
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