CAR SALES EXAM 2026 TEST BANK
COMPLETE DEALERSHIP REVIEW
FRAMEWORK
◉ For sure its To submit to the dealer board a written notice a
licensee changed the trade name of the business, but it is also to
report when a licensee
The board, through the executive director, shall not issue a motor
vehicle dealer's license or used motor vehicle dealer's license to any
applicant therefor who has no principal place of business as is
defined in this part 1. Should the motor vehicle dealer or used motor
vehicle dealer change the site or location of such dealer's principal
place of business, such dealer shall immediately upon making such
change so notify the board in writing, and thereupon a new license
shall be granted for the unexpired portion of the term of such license
at a fee established pursuant to section 12-6-110. Should a motor
vehicle dealer or used motor vehicle dealer, for any reason
whatsoever, cease to possess a principal place of business, as defined
in this part 1, from and on whic
Answer: Which of the following is a requirement for a motor vehicle
dealers, powersport dealer, used motor vehicle dealers, used
powersport dealers, or wholesaler?
,◉ All the above - Right Answer
Wrong answers
-Employing an unlicensed sales person
- failing to perform, either intentionally or negligently, any written
agreement with any buyer or seller
- representing or selling as "new" any motor vehicle that the dealer
knows is a used motor vehicle
12-6-118 Licenses- grounds for denial, suspension, or revocation
A motor vehicle dealer's, wholesale motor vehicle auction dealer's,
wholesaler's, buyer agent's, or used motor vehicle dealer's license
may be denied, suspended, or revoked on the following grounds: (a)
(Deleted by amendment, L. 92, p. 1857, § 20, effective July 1, 1992.)
(b) Material misstatement in an application for a license; (c)
Violation of any of the terms and provisions of this part 1 or any rule
or regulation promulgated by the board under this part 1; (d)
Having been convicted of or pled nolo contendere to any felony, or
any crime pursuant to article 3,
, Answer: The License of a motor vehicle salesperson or a power
sports salesperson may be denied revoked, or suspended on any of
the following grounds except:
◉ The license of a motor vehicle salesperson may be denied,
revoked, or suspended on the following grounds: (a) (Deleted by
amendment, L. 92, p. 1857, § 20, effective July 1, 1992.) (b) Material
misstatement in an application for a license; (c) Failure to comply
with any provision of this part 1 or any rule or regulation
promulgated by the board or executive director under this part 1;
(d) To engage in the business for which such licensee is licensed
without having in force and effect a good and sufficient bond with
corporate surety as provided in this part 1; (e) To intentionally
publish or circulate any advertising which is misleading or
inaccurate in any material particular or which misrepresents any
motor vehicle products sold or attempted to be sold by such
salesperson; (f) Having indulged in any fraudulent business
practice; (g) Selling, offering, or attempting to negotiate the sale,
exchange, or lease of motor v
Answer:
◉ 12-6-125. Advertisement - inclusion of dealer name A motor
vehicle dealer or used motor vehicle dealer or any agent of the
dealers shall not advertise any offer for the sale, lease, or purchase
of a motor vehicle or a used motor vehicle that creates the false
impression that the vehicle is being offered by a private party or by a
buyer's agent or that does not contain the name of the dealer or the
word "dealer" or, if the name is contained in the offer and does not
COMPLETE DEALERSHIP REVIEW
FRAMEWORK
◉ For sure its To submit to the dealer board a written notice a
licensee changed the trade name of the business, but it is also to
report when a licensee
The board, through the executive director, shall not issue a motor
vehicle dealer's license or used motor vehicle dealer's license to any
applicant therefor who has no principal place of business as is
defined in this part 1. Should the motor vehicle dealer or used motor
vehicle dealer change the site or location of such dealer's principal
place of business, such dealer shall immediately upon making such
change so notify the board in writing, and thereupon a new license
shall be granted for the unexpired portion of the term of such license
at a fee established pursuant to section 12-6-110. Should a motor
vehicle dealer or used motor vehicle dealer, for any reason
whatsoever, cease to possess a principal place of business, as defined
in this part 1, from and on whic
Answer: Which of the following is a requirement for a motor vehicle
dealers, powersport dealer, used motor vehicle dealers, used
powersport dealers, or wholesaler?
,◉ All the above - Right Answer
Wrong answers
-Employing an unlicensed sales person
- failing to perform, either intentionally or negligently, any written
agreement with any buyer or seller
- representing or selling as "new" any motor vehicle that the dealer
knows is a used motor vehicle
12-6-118 Licenses- grounds for denial, suspension, or revocation
A motor vehicle dealer's, wholesale motor vehicle auction dealer's,
wholesaler's, buyer agent's, or used motor vehicle dealer's license
may be denied, suspended, or revoked on the following grounds: (a)
(Deleted by amendment, L. 92, p. 1857, § 20, effective July 1, 1992.)
(b) Material misstatement in an application for a license; (c)
Violation of any of the terms and provisions of this part 1 or any rule
or regulation promulgated by the board under this part 1; (d)
Having been convicted of or pled nolo contendere to any felony, or
any crime pursuant to article 3,
, Answer: The License of a motor vehicle salesperson or a power
sports salesperson may be denied revoked, or suspended on any of
the following grounds except:
◉ The license of a motor vehicle salesperson may be denied,
revoked, or suspended on the following grounds: (a) (Deleted by
amendment, L. 92, p. 1857, § 20, effective July 1, 1992.) (b) Material
misstatement in an application for a license; (c) Failure to comply
with any provision of this part 1 or any rule or regulation
promulgated by the board or executive director under this part 1;
(d) To engage in the business for which such licensee is licensed
without having in force and effect a good and sufficient bond with
corporate surety as provided in this part 1; (e) To intentionally
publish or circulate any advertising which is misleading or
inaccurate in any material particular or which misrepresents any
motor vehicle products sold or attempted to be sold by such
salesperson; (f) Having indulged in any fraudulent business
practice; (g) Selling, offering, or attempting to negotiate the sale,
exchange, or lease of motor v
Answer:
◉ 12-6-125. Advertisement - inclusion of dealer name A motor
vehicle dealer or used motor vehicle dealer or any agent of the
dealers shall not advertise any offer for the sale, lease, or purchase
of a motor vehicle or a used motor vehicle that creates the false
impression that the vehicle is being offered by a private party or by a
buyer's agent or that does not contain the name of the dealer or the
word "dealer" or, if the name is contained in the offer and does not
