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State of Colorado Sales License Test Questions With Correct Answers(RATED A)

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State of Colorado Sales License Test Questions With Correct Answers(RATED A)

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STATE OF COLORADO SALES LICENSE TEST
QUESTIONS WITH CORRECT ANSWERS(RATED
A)
Three bof bthe bfollowing btypes bof bmotor bvehicles bare bexempt bfrom bthe btruth bin
bmileage bact. b- banswers~Vehicles b10 byears bold bor bolder~Vehicles bhaving ba bgross
bempty bweight bmore bthan b10,000 blbs~Vehicles bnot bself bpropelled b(Trailers)


The bdefinition bof ba bused bmotor bvehicle bdealer bor bused bdealer bincludes bwhich bof
bthe bfollowing? b- banswersa bperson bwho battempts bto bnegotiate ba bsale bor blease bof
ba bused bmotor bvehicle bor bpowersports bvehicle bwith bthe bintent bto bmake ba bprofit bor
bgain


The bMotor bVehicle bBoard bis bauthorized band bempowered bto: b- banswersAll bOf bThe
bAbove
~Amend band brepeal brules, bregulations band bprevisions

When badvertising ba bspecific bnumber bof bmotor bvehicles, bthat bsame bnumber bof
bvehicles bmust bbe binvoiced bto bthe bdealer b- banswersTRUE


bait band bswitch bis b- banswersad bthat battracts bconsumers bwith ba blow-priced
bproduct, bthen btries bto bsell bthem ba bhigher-priced bproduct


Selling, bLeasing, bTrade-In, bwith boption bto bpurchase, boffering bor bnegotiating band
bexchange bof binterest bin b3+ bvehicles bin bany b1 byear bis bprima bfacie bevidence bthat
ba bperson bis bengaged bin bthe bbusiness bof bselling bor bleasing bmotor bvehicles b-
banswersTRUE


By bobtaining ban boff-premise bpermit, bdealers bmay bsell bmotor bvehicles bat banother
blocation bon bSunday b- banswersFALSE b- bNO bSale bof bvehicle bshould bbe bdone bon
bSundays


Which bof bthe bfollowing bstatements bis btrue bregarding bdealer bdemo bplates? b-
banswersa bdemo bdrive bcannot bexceed b7 bdays


Colorado bLemon bLaw bincludes: b- banswersdefects bthat bsubstantially bimpair bthe
bmarket bvalue bof bthe bvehicle


Motor bvehicle binsurance bis brequired: b- banswersfor ball bregistered bvehicles bintended
bfor buse bon bcolorado broads

, Which bis btrue bregarding bin-transit bplates? b- banswersin-transit bplates bmay bbe bused
bto btransport bvehicles bfrom bpoint bof bpurchase bto bpoint bof bstorage bor bfrom bpoint bof
bstorage bto bpoint bof bsale


Licensed bdealers bmay bsell bwhich bof bthe bfollowing bon bSundays? b- banswersThe
bselling bof bboat btrailers band bsnowmobile bare bexempt


Which bof bthe bfollowing bsteps bare brequired bto bproperly band blegally brepossess ba
bmotor bvehicle? b- banswerseffect ba blien bcreating ba bsecurity binterest, bAllow bthe
brequired bpayment bto bdefault b(become bat bleast b10 bdays blate), bsend bor bhand
bdeliver ba b"right bto bcure" bletter bto bthe bdebtor band ballow bthe bdebtor b20 bdays bto
bcure


An badvertisement bmay binclude b- banswerslicensed bname bwith bthe bword bDEALER

which bof bthe bfollowing bis ba bused bvehicle? b- banswersany bvehicle bthat bhas bbeen
bpreviously bbought ba bdemo bvehicle bwith b1500 bmiles


Which bof bthe bfollowing bare bdeceptive btrade bpractices? b- banswersAll bof bthe babove
Bait band bswitch

How bmany btemp bpermits bmay ba bdealer bissue bfor beach broadworthy bvehicle bsold? b-
banswers1
An bextension bcan bonly bbe bissued bbut bthe bDMV

Depot bplates bmay bbe bused bduring bnormal bbusiness bhours bto btransport ba bmotor
bvehicle b- banswersall bof bthe babove
All bplates

Three bof bthe bfollowing bare brequired bwhen ba bdealer bis badvertising ba blease bof ba
bmotor bvehicle bwith ba bpayment bamount b- banswers~Amount bor bpercentage bof bthe
bdown bpayment
~terms bof brepayment b(car bpayment bdate)
~Annual bpercentage brate b(interest brate bof bthe bloan)

which bis bNOT brequired bwhen badvertising ba blease? b- banswersdisclosing bthe bcost
bof blease bvs bpurchasing


Prominently band bconspicuously bdisplay bthe b________? b- banswersFTC bBuyer's
bGuide


A btemp bregistration bpermit bmay bbe bissued: b- banswers-for b60 bdays bin ba bB2C bsale-
for b7 bdays bin ba bB2B bsale

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