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STATE OF COLORADO SALES LICENSE TEST (ACTUAL 2024/2025) QUESTIONS WITH ANSWERS
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STATE OF COLORADO SALES LICENSE TEST (ACTUAL 2024/2025) QUESTIONS WITH ANSWERS
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STATE OF COLORADO SALES LICENSE TEST(ACTUAL 2024/2025) QUESTIONS WITH
ANSWERS
All Motor Vehicle dealers and dealers must post a clear legible sign on their place of business if: -
Answers__they will be open less than 40 hours per week
A Motor vehicle salesman can be personally liable for any proven claim or judgement in excess of
their surety bond - Answers__TRUE
Licensed Motor vehicle dealers - Answers__must be open for business at least three (3)days per week
for a continuous period of time
not less than four (4) hours per day between the hours of8 a.m. and 9 p.m.
The license of a new or used dealer/wholesale/auctioneer/ may be denied/suspended/revoked/fined for
all the following except: - Answers__attempting to negotiate the sale or lease of a Motor vehicle with
intent to make profit or gain
Federal odometer law declares it unlawful to do the following: - Answers__operate Motor vehicle on
any street with intent to defraud knowing the odometer is disconnected
A dealer has how many days to facilitate delivery from the date of sale? - Answers__30 Days
Which of the following is NOT proof of ownership for a Motor Vehicle for a CO dealer? -
Answers__a vehicle subject to a lien on the title
The Motor Vehicle Dealer board is authorized and empowered to - Answers__All of the above
-propose fees
-order hearing
-investigate
the following must be conspicuously displayed in the dealers place of business? - Answers__all of the
above
-license of dealer
-salesmen licenses
-name of dealership license
Records of vehicle transfers and odometer statements must be kept for 5 years - Answers__TRUE
, STATE OF COLORADO SALES LICENSE TEST
(ACTUAL 2024/2025) QUESTIONS WITH
ANSWERS
An advertisement would NOT include - Answers__a salesperson's verbal statement of the MSRP
A dealer is not responsible for taking written action to attempt to correct a misleading advertisement
placed by a manufacturer if the advertisement contains the dealers name - Answers__False
Which is true of the Colorado Lemon Law? - Answers__"a reasonable number of attempts" to repair
applied when the motor vehicle has been out of service for repairs a cumulative total of 30 or more
business days during the warranty term or 1 year from date of delivery
When advertising terms price conditions of sale of a car, dealers may use the term: - Answers__"With
approved credit"
according to Colorado law motor vehicle leasing companies do not need a motor vehicle dealers
license - Answers__False
The License of a motor vehicle salesperson may be denied revoked or suspended on the following
grounds - Answers__Unfitness of character
breaking law
false info
etc.
An off-premise permit: - Answers__Must be readily available for inspection at the sale
Prima Facie is - Answers__Evidence at face value
According to Colorado law, which of the following must be licensed as a motor vehicle dealer and or
powersports dealer? - Answers__All of the above
Colorado Lemon law covers: - Answers__defects that substantially impair the market value of a
vehicle
A dealer may issue a temporary permits for each roadworthy vehicle sold - Answers__FALSE
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