Colorado, State of Colorado Sales License
Test Combination Set
Q&A
motor vehicle dealers, powerspoert dealers used power sports dealers - ✔✔any change in the
hours of operation o business when it continues to operate full time
the defenition o used motor vehicle dealer or used power sports - ✔✔a person who attempts to
negotiate a sale or lease of a of a used MV or PWSP vehicle for profit
the motor vehicle board is authorized and empowered to - ✔✔all of the above
when advertising a specific number of motor vehicles, that - ✔✔True
selling , Leasing , exchanging, renting with option to purchase - ✔✔True
selling leasing excchganing, renting with option to purchase - ✔✔True
By obtaining an off premise permit, dealers may sell motor vehicle at - ✔✔False
which of the following statements is true regarding dealer demo - ✔✔a demo drive cannot
exceed 7 days
CO lemon law includes - ✔✔Defects that substantially impair the market value of the vehicle
motor vehicle insurance is required - ✔✔Vor all registrieren vehicles intended for use on
Colorado roads
,which is true regarding in transit plates? - ✔✔in transit plates may be used to transport vehicles
from point of purchase to point of storage or from point of storage to point of sale
licensed power sport dealers may sell which of the following on - ✔✔A powersport vehicle
which of the following steps are required to properly and legally - ✔✔effect a lien creating a
security interest
An advertisement include - ✔✔All of the above
which of the following is a used vehicle? - ✔✔a demo vehicle with 1300 miles
which of the following are deceptive trade practices? - ✔✔all of the above
how many temp permits may a dealer issue for each roadworthy vehicle - ✔✔1
depot plates may be used during normal business hours to transport - ✔✔all of the above
three of the following are required when a dealer is advertising a lease - ✔✔disclosing the cost
of lease vs purchasing
prominently and conspicuously display? - ✔✔Buyer's guide
a temp registration permit may be issued - ✔✔for 60 days
The Motor Vehicle Dealer Board is authorized and empowered to: - ✔✔issue or deny motor
vehicle dealer and salesperson licenses
,he Motor Vehicle Dealer Board is authorized and empowered to: - ✔✔d. all of the above
Dealers may be administratively fined by the Dealer Board up to what amount foreach separate
offense? - ✔✔shall not exceed ten thousand dollars for each separate offense
New and used motor vehicle dealers, wholesalers and wholesale auction dealers arerequired to
have a surety bond in the amount of ? - ✔✔$50,000 for Dealer/Wholesaler
Motor vehicle salespersons are required to have a surety bond in the amount of? - ✔✔$15,000
Selling ___ or more vehicles or offering for sale more than ___ vehicles at the sameaddress or
telephone number in any one calendar year, shall be prima facie evidence that - ✔✔A person is
engaged in the business of selling motor vehicles.
The definition of a used motor vehicle dealer includes which of the following? - ✔✔"Used motor
vehicle dealer" means any person who, for commission or with intent to make a profit sells used
cars.
Wholesalers may: - ✔✔make a profit or gain selling to dealers and wholesalers
Three of the following are characteristics of an off-premise permit. Which one isnot? - ✔✔the
permit could be used for a permanent second location
All motor vehicle dealers and used motor vehicle dealers must be open - ✔✔a. a minimum of 12
hours per week Hours of operation posted and opened at least 3 days per week for a continuous
four hours per day between 8 AM and 9 PM.
the license of a motor vehicle salesperson may be denied, revoked, or suspendedon the following
grounds except: - ✔✔advertising a salvaged vehicle that identifies that vehicle as a salvage
vehicle
, The license of a motor vehicle salesperson may be denied, revoked, or suspendedon the
following grounds except: - ✔✔. not having a valid Colorado drivers license
The license of a motor vehicle salesperson may be denied, revoked, or suspendedon the
following grounds except - ✔✔to engage as a licensee without having in force a good and
sufficient bond withcorporate surety
A dealer, wholesaler or salesperson who is convicted of any felony or any crimepursuant to
Article 3, 4 or 5 of Title 18, C.R.S. (felony or criminal misdemeanor) or likecrime pursuant to
federal law or law of any other state has _____ days to give the DealerBoard written notice of
such conviction? - ✔✔thirty days after such conviction
When a salesperson voluntarily leaves or is discharged from a dealership, the dealermust
immediately return that salesperson's _________ to the Dealer Board. - ✔✔motor vehicle dealer
or used motor vehicle dealer who last employed the salesperson shallconfiscate and return such
salesperson's license to the board
A salesperson can change dealerships during the licensing year provided that aChange of
Employer Notification form is submitted to the Board. It is unlawful for suchsalesperson to act as
a motor vehicle salesperson until a new _________ is procured. - ✔✔It shall be unlawful for
such salesperson to act as amotor vehicle salesperson until a new license is procured.
A buyer agent may: - ✔✔be retained or hired by a consumer to assist, represent, or act on behalf
of such
A new motor vehicle has three of the following characteristics. Which onedoesn't it have? -
✔✔motor vehicle that is titled
Which of the following would always indicate a motor vehicle is used? - ✔✔a vehicle that is
titled
Test Combination Set
Q&A
motor vehicle dealers, powerspoert dealers used power sports dealers - ✔✔any change in the
hours of operation o business when it continues to operate full time
the defenition o used motor vehicle dealer or used power sports - ✔✔a person who attempts to
negotiate a sale or lease of a of a used MV or PWSP vehicle for profit
the motor vehicle board is authorized and empowered to - ✔✔all of the above
when advertising a specific number of motor vehicles, that - ✔✔True
selling , Leasing , exchanging, renting with option to purchase - ✔✔True
selling leasing excchganing, renting with option to purchase - ✔✔True
By obtaining an off premise permit, dealers may sell motor vehicle at - ✔✔False
which of the following statements is true regarding dealer demo - ✔✔a demo drive cannot
exceed 7 days
CO lemon law includes - ✔✔Defects that substantially impair the market value of the vehicle
motor vehicle insurance is required - ✔✔Vor all registrieren vehicles intended for use on
Colorado roads
,which is true regarding in transit plates? - ✔✔in transit plates may be used to transport vehicles
from point of purchase to point of storage or from point of storage to point of sale
licensed power sport dealers may sell which of the following on - ✔✔A powersport vehicle
which of the following steps are required to properly and legally - ✔✔effect a lien creating a
security interest
An advertisement include - ✔✔All of the above
which of the following is a used vehicle? - ✔✔a demo vehicle with 1300 miles
which of the following are deceptive trade practices? - ✔✔all of the above
how many temp permits may a dealer issue for each roadworthy vehicle - ✔✔1
depot plates may be used during normal business hours to transport - ✔✔all of the above
three of the following are required when a dealer is advertising a lease - ✔✔disclosing the cost
of lease vs purchasing
prominently and conspicuously display? - ✔✔Buyer's guide
a temp registration permit may be issued - ✔✔for 60 days
The Motor Vehicle Dealer Board is authorized and empowered to: - ✔✔issue or deny motor
vehicle dealer and salesperson licenses
,he Motor Vehicle Dealer Board is authorized and empowered to: - ✔✔d. all of the above
Dealers may be administratively fined by the Dealer Board up to what amount foreach separate
offense? - ✔✔shall not exceed ten thousand dollars for each separate offense
New and used motor vehicle dealers, wholesalers and wholesale auction dealers arerequired to
have a surety bond in the amount of ? - ✔✔$50,000 for Dealer/Wholesaler
Motor vehicle salespersons are required to have a surety bond in the amount of? - ✔✔$15,000
Selling ___ or more vehicles or offering for sale more than ___ vehicles at the sameaddress or
telephone number in any one calendar year, shall be prima facie evidence that - ✔✔A person is
engaged in the business of selling motor vehicles.
The definition of a used motor vehicle dealer includes which of the following? - ✔✔"Used motor
vehicle dealer" means any person who, for commission or with intent to make a profit sells used
cars.
Wholesalers may: - ✔✔make a profit or gain selling to dealers and wholesalers
Three of the following are characteristics of an off-premise permit. Which one isnot? - ✔✔the
permit could be used for a permanent second location
All motor vehicle dealers and used motor vehicle dealers must be open - ✔✔a. a minimum of 12
hours per week Hours of operation posted and opened at least 3 days per week for a continuous
four hours per day between 8 AM and 9 PM.
the license of a motor vehicle salesperson may be denied, revoked, or suspendedon the following
grounds except: - ✔✔advertising a salvaged vehicle that identifies that vehicle as a salvage
vehicle
, The license of a motor vehicle salesperson may be denied, revoked, or suspendedon the
following grounds except: - ✔✔. not having a valid Colorado drivers license
The license of a motor vehicle salesperson may be denied, revoked, or suspendedon the
following grounds except - ✔✔to engage as a licensee without having in force a good and
sufficient bond withcorporate surety
A dealer, wholesaler or salesperson who is convicted of any felony or any crimepursuant to
Article 3, 4 or 5 of Title 18, C.R.S. (felony or criminal misdemeanor) or likecrime pursuant to
federal law or law of any other state has _____ days to give the DealerBoard written notice of
such conviction? - ✔✔thirty days after such conviction
When a salesperson voluntarily leaves or is discharged from a dealership, the dealermust
immediately return that salesperson's _________ to the Dealer Board. - ✔✔motor vehicle dealer
or used motor vehicle dealer who last employed the salesperson shallconfiscate and return such
salesperson's license to the board
A salesperson can change dealerships during the licensing year provided that aChange of
Employer Notification form is submitted to the Board. It is unlawful for suchsalesperson to act as
a motor vehicle salesperson until a new _________ is procured. - ✔✔It shall be unlawful for
such salesperson to act as amotor vehicle salesperson until a new license is procured.
A buyer agent may: - ✔✔be retained or hired by a consumer to assist, represent, or act on behalf
of such
A new motor vehicle has three of the following characteristics. Which onedoesn't it have? -
✔✔motor vehicle that is titled
Which of the following would always indicate a motor vehicle is used? - ✔✔a vehicle that is
titled
