Exam (elaborations)
State of Colorado Sales License Test Questions With Complete Solutions
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- Colorado State University
State of Colorado Sales License Test Questions With Complete Solutions
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State of Colorado Sales License Test Questions WithComplete Solutions
A buyer agent Correct Answers is retained or hired by a
consumer to assist/represent/act on behalf of such consumer in
connection with the purchase of lease of a Motor vehicle
A customer's trade-in vehicle on a financed deal may be sold
Correct Answers Only when the financing has been approved
and the contract binding has been signed
A dealer has how many days to facilitate delivery from the date
of sale? Correct Answers 30 Days
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 Correct Answers
False
A dealer is required to have on file the licenses of each of their
employed salespersons but need not display them in their place
of business Correct Answers False
,A dealer may issue a temporary permits for each roadworthy
vehicle sold Correct Answers FALSE
A dealer must take in the title in their own name before selling a
car to a retail customer Correct Answers False
A dealer wholesaler or salespersons convicted of any felony or
any crime.. Has how many days to report conviction? Correct
Answers 30 Days
a dealers ad must contain the dealers licensed name and the
words Correct Answers Dealer
A motor vehicle dealer is responsible for: Correct Answers all
of the above
A Motor vehicle dealer, wholesaler, or salesperson must give
Dealer Board written notice of Correct Answers If hours of
business are going to change
, A Motor vehicle salesman can be personally liable for any
proven claim or judgement in excess of their surety bond
Correct Answers TRUE
A Motor Vehicle salesperson may work for more than 1
dealership during one year Correct Answers TRUE
A new motor vehicle has three of the following characteristics.
Which one doesn't it have? Correct Answers A title
A new or used motor vehicle dealer may legally do which of the
following with a temporary permit? Correct Answers issue a
permit upon the sale of a motor vehicle to another dealer
A salesperson can change dealerships during the licensing year
provided that the correct form and fee is submitted to the board
such sales person may begin work as a motor vehicle
salespersons or powersports salesperson while awaiting a new
license from the board Correct Answers False
A temp registration permit may be issued: Correct Answers -
for 60 days in a B2C sale-for 7 days in a B2B sale
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