STATE OF COLORADO SALES LICENSE TEST BANK 100+ QUESTIONS AND VERIFIED SOLUTIONS 2024 GRADED A+. 2 / 7 1. Three of the following types of motor vehicles are exempt from the truth in mileage act.: ~Vehicles 10 years old or older~Vehicles having a gross empty weightmore than 10,000 lbs~Vehicles not se...
STATE OF COLORADO SALES LICENSE TEST BANK
100+ QUESTIONS AND VERIFIED SOLUTIONS 2024
GRADED A+
,STATE OF COLORADO SALES LICENSE TEST BANK 100+
QUESTIONS AND VERIFIED SOLUTIONS 2024 GRADED A+
1. Three of the following types of motor vehicles are exempt from the truth in
mileage act.: Answer- ~Vehicles 10 years old or older~Vehicles having a gross
empty weight more than 10,000 lbs~Vehicles not self propelled (Trailers)
2. The definition of a used motor vehicle dealer or used dealer includes which
of the following?: Answer- 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
3. The Motor Vehicle Board is authorized and empowered to:: Answer- All Of
The Above
~Amend and repeal rules, regulations and previsions
4. When advertising a specific number of motor vehicles, that same number
of vehicles must be invoiced to the dealer: Answer- TRUE
5. bait and switch is: Answer- ad that attracts consumers with a low-priced
product, then tries to sell them a higher-priced product
6. 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-
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20
, STATE OF COLORADO SALES LICENSE TEST BANK 100+
QUESTIONS AND VERIFIED SOLUTIONS 2024 GRADED A+
: TRUE
7. By obtaining an off-premise permit, dealers may sell motor vehicles at
another location on Sunday: FALSE - NO Sale of vehicle should be done on
Sundays
8. Which of the following statements is true regarding dealer demo plates?: a
demo drive cannot exceed 7 days
9. Colorado Lemon Law includes:: defects that substantially impair the market
value of the vehicle
10. Motor vehicle insurance is required:: for all registered vehicles intended for
use on colorado roads
11. 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
12. Licensed dealers may sell which of the following on Sundays?: The selling
of boat trailers and snowmobile are exempt
13. Which of the following steps are required to properly and legally repossess
a motor vehicle?: 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
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