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State of Colorado Sales License ACTUAL EXAM QUESTIONS AND VERIFIED DETAILED RATIONALES ANSWERS LATEST 2024/2025 [NEWEST] ALREADY GRADED A+$7.99
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State of Colorado Sales License ACTUAL EXAM QUESTIONS AND VERIFIED DETAILED RATIONALES ANSWERS LATEST 2024/2025 [NEWEST] ALREADY GRADED A+
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State of Colorado Sales License
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State Of Colorado Sales License
State of Colorado Sales License ACTUAL EXAM QUESTIONS AND VERIFIED DETAILED RATIONALES ANSWERS LATEST 2024/2025 [NEWEST] ALREADY GRADED A+
1. Three of the following types of motor vehicles are exempt from the truth in mileage act.ACCURATE>>> ACCURATE>>> - ~Vehicles 10 yea...
State of Colorado Sales License
ACTUAL EXAM QUESTIONS AND
VERIFIED DETAILED RATIONALES
ANSWERS LATEST 2024/2025
[NEWEST] ALREADY GRADED A+
1. Three of the following types of motor vehicles are exempt from the truth in
mileage act.ACCURATE>>> ACCURATE>>> - ~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?ACCURATE>>> ACCURATE>>> - a person
who attempts to negotiate asale 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 toACCURATE>>>
ACCURATE>>> - All OfThe 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 dealerACCURATE>>>
1/
,ACCURATE>>> - TRUE
5. bait and switch isACCURATE>>> ACCURATE>>> - 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
2/
,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-
ACCURATE>>> TRUE
7. By obtaining an off-premise permit, dealers may sell motor vehicles at
another location on SundayACCURATE>>> FALSE - NO Sale of vehicle
should bedone on Sundays
8. Which of the following statements is true regarding dealer demo
plates?ACCURATE>>>
a demo drive cannot exceed 7 days
9. Colorado Lemon Law includesACCURATE>>> defects that
substantially impair themarket value of the vehicle
10. Motor vehicle insurance is requiredACCURATE>>> for all
registered vehicles intended for use on colorado roads
11. Which is true regarding in-transit plates?ACCURATE>>> in-transit
plates may be usedto 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?ACCURATE>>> The selling of boat trailers and snowmobile are
exempt
13. Which of the following steps are required to properly and legally
3/
, repossess a motor vehicle?ACCURATE>>> 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 thedebtor 20 days to cure
14. An advertisement may includeACCURATE>>> licensed name with the
word DEALER
15. which of the following is a used vehicle?ACCURATE>>> any
vehicle that has beenpreviously bought a demo vehicle with 1500
miles
16. Which of the following are deceptive trade
practices?ACCURATE>>> All of theabove Bait and switch
4/
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