State of Colorado Sales
License Test
A dealer has how many days to facilitate delivery from the date of sale? ---
ANSWER--- 30 Days
Which is NOT required when advertising a closed end credit sale? ---
ANSWER--- Tax Rate
A Motor vehicle salesman can be personally liable for any proven claim or
judgement in excess of their surety bond ---ANSWER--- TRUE
bait and switch is ---ANSWER--- ad that attracts consumers with a low-
priced product, then tries to sell them a higher-priced product
The definition of a used motor vehicle dealer or used dealer includes which
of the following? ---ANSWER--- a person who attempts to negotiate a
sale or lease of a used motor vehicle or powersports vehicle with the intent
to make a profit or gain
Three of the following types of motor vehicles are exempt from the truth in
mileage act. ---ANSWER--- ~Vehicles 10 years old or older~Vehicles
,having a gross empty weight more than 10,000 lbs~Vehicles not self
propelled (Trailers)
The Motor Vehicle Board is authorized and empowered to: ---ANSWER---
All Of The Above
~Amend and repeal rules, regulations and previsions
When advertising a specific number of motor vehicles, that same number
of vehicles must be invoiced to the dealer ---ANSWER--- TRUE
Selling, Leasing, Trade-In, with option to purchase, offering or negotiating
and exchange of interest in 3+ vehicles in any 1 year is prima facie
evidence that a person is engaged in the business of selling or leasing
motor vehicles ---ANSWER--- TRUE
By obtaining an off-premise permit, dealers may sell motor vehicles at
another location on Sunday ---ANSWER--- FALSE - NO Sale of vehicle
should be done on Sundays
Which of the following statements is true regarding dealer demo plates? --
-ANSWER--- a demo drive cannot exceed 7 days
Colorado Lemon Law includes: ---ANSWER--- defects that substantially
impair the market value of the vehicle
, Motor vehicle insurance is required: ---ANSWER--- for all registered
vehicles intended for use on colorado roads
Which is true regarding in-transit plates? ---ANSWER--- 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 dealers may sell which of the following on Sundays? ---
ANSWER--- The selling of boat trailers and snowmobile are exempt
Which of the following steps are required to properly and legally repossess
a motor vehicle? ---ANSWER--- effect a lien creating a security interest,
Allow the required payment to default (become at least 10 days late), send
or hand deliver a "right to cure" letter to the debtor and allow the debtor
20 days to cure
An advertisement may include ---ANSWER--- licensed name with the
word DEALER
which of the following is a used vehicle? ---ANSWER--- any vehicle that
has been previously bought a demo vehicle with 1500 miles
Which of the following are deceptive trade practices? ---ANSWER--- All of
the above
License Test
A dealer has how many days to facilitate delivery from the date of sale? ---
ANSWER--- 30 Days
Which is NOT required when advertising a closed end credit sale? ---
ANSWER--- Tax Rate
A Motor vehicle salesman can be personally liable for any proven claim or
judgement in excess of their surety bond ---ANSWER--- TRUE
bait and switch is ---ANSWER--- ad that attracts consumers with a low-
priced product, then tries to sell them a higher-priced product
The definition of a used motor vehicle dealer or used dealer includes which
of the following? ---ANSWER--- a person who attempts to negotiate a
sale or lease of a used motor vehicle or powersports vehicle with the intent
to make a profit or gain
Three of the following types of motor vehicles are exempt from the truth in
mileage act. ---ANSWER--- ~Vehicles 10 years old or older~Vehicles
,having a gross empty weight more than 10,000 lbs~Vehicles not self
propelled (Trailers)
The Motor Vehicle Board is authorized and empowered to: ---ANSWER---
All Of The Above
~Amend and repeal rules, regulations and previsions
When advertising a specific number of motor vehicles, that same number
of vehicles must be invoiced to the dealer ---ANSWER--- TRUE
Selling, Leasing, Trade-In, with option to purchase, offering or negotiating
and exchange of interest in 3+ vehicles in any 1 year is prima facie
evidence that a person is engaged in the business of selling or leasing
motor vehicles ---ANSWER--- TRUE
By obtaining an off-premise permit, dealers may sell motor vehicles at
another location on Sunday ---ANSWER--- FALSE - NO Sale of vehicle
should be done on Sundays
Which of the following statements is true regarding dealer demo plates? --
-ANSWER--- a demo drive cannot exceed 7 days
Colorado Lemon Law includes: ---ANSWER--- defects that substantially
impair the market value of the vehicle
, Motor vehicle insurance is required: ---ANSWER--- for all registered
vehicles intended for use on colorado roads
Which is true regarding in-transit plates? ---ANSWER--- 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 dealers may sell which of the following on Sundays? ---
ANSWER--- The selling of boat trailers and snowmobile are exempt
Which of the following steps are required to properly and legally repossess
a motor vehicle? ---ANSWER--- effect a lien creating a security interest,
Allow the required payment to default (become at least 10 days late), send
or hand deliver a "right to cure" letter to the debtor and allow the debtor
20 days to cure
An advertisement may include ---ANSWER--- licensed name with the
word DEALER
which of the following is a used vehicle? ---ANSWER--- any vehicle that
has been previously bought a demo vehicle with 1500 miles
Which of the following are deceptive trade practices? ---ANSWER--- All of
the above
