STATE OF COLORADO SALES LICENSE PRACTICE EXAM
2025/2026 QUESTIONS WITH ANSWERS GRADED A+
✔✔Which of the following step are required to properly and legally repossess a motor
vehicle - ✔✔(A) effect a lien creating a security interest
✔✔A dealer is responsible for taking written actions to attempt to correct a misleading
advertisement placed by a manufacturer if the advertisement contains the dealer name -
✔✔(B) False
✔✔A sales person can change dealer ship during a license year provided that a change
of employer notification form and fee is summited to the board. It is unlawful for such a
sales person to act as a motor vehicle sales person of power sport sale person until a
new liscenes is procured - ✔✔False
✔✔All motor vehicle dealer and powersport dealer must post clear , legible signs on
their principle place of businesses if? - ✔✔(B) if they will be open less than 40 hour per
week
✔✔The motor vehicle dealer board is authorizing and empowered to - ✔✔(D) all the
above
-amends and repeal rules, regulation and prevision
✔✔If a dealer receive more than 10,000 cash in a single transaction, they must - ✔✔(A)
file a federal form with the internal revenue with thin 15 days
✔✔Three of the following are required when a dealer is advertising a lease of motor
vehicles or powersport vehicle with a payment amount, which is not required - ✔✔-
amount or percentage down payment
-terms of repayment (car payment date)
Annul percentage rate( interest rate and loan )
✔✔The liscnese of a new or used dealer, whole sale auction or wholesale dealer maybe
denied suspended revoke or fined for all the following except - ✔✔Attempting to
negotiate the sale or lease or a motor vehicle with the intent to make profit
✔✔The listener of a motor vehicle sale person or a powersport sale person maybe
denied revoked or suspended on the following grounds - ✔✔-unfitness of character
-breaking the law
-false info
Ect
✔✔Advertisement would include - ✔✔Licensee name with the world dealer
Or
2025/2026 QUESTIONS WITH ANSWERS GRADED A+
✔✔Which of the following step are required to properly and legally repossess a motor
vehicle - ✔✔(A) effect a lien creating a security interest
✔✔A dealer is responsible for taking written actions to attempt to correct a misleading
advertisement placed by a manufacturer if the advertisement contains the dealer name -
✔✔(B) False
✔✔A sales person can change dealer ship during a license year provided that a change
of employer notification form and fee is summited to the board. It is unlawful for such a
sales person to act as a motor vehicle sales person of power sport sale person until a
new liscenes is procured - ✔✔False
✔✔All motor vehicle dealer and powersport dealer must post clear , legible signs on
their principle place of businesses if? - ✔✔(B) if they will be open less than 40 hour per
week
✔✔The motor vehicle dealer board is authorizing and empowered to - ✔✔(D) all the
above
-amends and repeal rules, regulation and prevision
✔✔If a dealer receive more than 10,000 cash in a single transaction, they must - ✔✔(A)
file a federal form with the internal revenue with thin 15 days
✔✔Three of the following are required when a dealer is advertising a lease of motor
vehicles or powersport vehicle with a payment amount, which is not required - ✔✔-
amount or percentage down payment
-terms of repayment (car payment date)
Annul percentage rate( interest rate and loan )
✔✔The liscnese of a new or used dealer, whole sale auction or wholesale dealer maybe
denied suspended revoke or fined for all the following except - ✔✔Attempting to
negotiate the sale or lease or a motor vehicle with the intent to make profit
✔✔The listener of a motor vehicle sale person or a powersport sale person maybe
denied revoked or suspended on the following grounds - ✔✔-unfitness of character
-breaking the law
-false info
Ect
✔✔Advertisement would include - ✔✔Licensee name with the world dealer
Or
