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COLORADO SALES TEST GUIDE LATEST QUESTIONS AND CORRECT ANSWERS
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COLORADO SALES TEST GUIDE LATEST QUESTIONS AND CORRECT ANSWERS
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COLORADO SALES TEST GUIDE- ANS-A salesperson can change dealerships during the licensing year provided that a change
of employer notification form and fee is submitted to the Board. It is unlawful for such a
salesperson to act as a motor vehicle salesperson or power sports salesperson until a new
license is procured.
-for 60 days in a B2C sale -for 7 days in a B2B sale C only - ANS-A temp registration permit
may be issued:
-for 60 days in a B2C sale-for 7 days in a B2B sale - ANS-Prominently and conspicuously
display the ________?
"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 - ANS-Which is true of the Colorado Lemon Law?
"With approved credit" - ANS-When advertising terms price conditions of sale of a car, dealers
may use the term:
(c) Full-use dealer plates may be used only for vehicles owned and offered for sale by thedealer
or wholesaler. Full-use dealer plates shall not be used on vehicles owned by dealerships or
wholesalers that are commonly used by that dealer as tow trucks or vehicles commonly used by
thatdealer to pick up or deliver parts. - ANS-Full-use dealer plates cannot be displayed on
vehicles that are used by the dealershipfor any _______________ purpose
~Amount or percentage of the down payment~terms of repayment (car payment date)~Annual
percentage rate (interest rate of the loan) - ANS-Three of the following are required when a
dealer is advertising a lease of a motor vehicle with a payment amount
~Vehicles 10 years old or older~Vehicles having a gross empty weight more than 10,000
lbs~Vehicles not self propelled (Trailers) - ANS-Three of the following types of motor vehicles
are exempt from the truth in mileage act.
$1,000 - ANS-What is the highest fine per offense that the motor vehicle dealer board or an
administrative law judge may impose on a dealer , who sells primarily vehicles that wigh less
than 1,500 pounds
$15,000 - ANS-Motor vehicle and powersport salespeople are required to have a surety bond in
the amount of :
, 1 - An extension can only be issued but the DMV - ANS-How many temp permits may a dealer
issue for each roadworthy vehicle sold?
1000 - ANS-What is the highest fine per offense the dealer board may impose on dealers who
sell vehicles less than 1500 lbs?
1000 - ANS-What is the highest fine per offense the dealer board may impose on dealers who
sell vehicles less than 1500 lbs?
15 days - ANS-fed cash reporting requires dealers to file form 8300 with IRS within how many
days of receiving $10k cash?
15 days - ANS-federal cash reporting requires dealers to file form 8300 with IRS within how
many days of receiving $10,000 cash?
15k - ANS-Motor vehicle and powersport salespersons are required to have a surety bond in the
amount of
3 - ANS-Among the members of the Motor Vehicle Dealer Board, how many are chosen to
represent the public
30 day - ANS-A dealer has how many days to deliver of facilitate delivery of title from the date of
sale
30 Days - ANS-A dealer has how many days to facilitate delivery from the date of sale?
30 Days - ANS-A dealer wholesaler or salespersons convicted of any felony or any crime.. Has
how many days to report conviction?
5 - ANS-Records of vehicle transfers and odometer statements must be retained for ____years.
5 years - ANS-Records of vehicles transfers and odometer statements must be retained for:
A "used motor vehicle" is defined as any motor vehicle which has been sold, bargained,
exchanged,given away, or the title thereto transferred from the person who first took title thereto
from themanufacturer or importer, dealer or agent of the manufacturer or importer, or so used as
to havebecome what is commonly known as a "secondhand motor vehicle"." In the event of
transfer on thecertificate of origin, from the original franchised dealer to any other dealer or
individual other than afranchised dealer of the same make of vehicle, the vehicle shall be
considered a "used" motor vehicle,and must be titled in the new owner's name - ANS-Which of
the following would always indicate a motor vehicle is used?
A certificate of title has been issued - ANS-Which of the following would indicate a motor vehicle
is used
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