Sales Mastery EXAM 2026-2027 LATEST
VERSION QUESTIONS AND VERIFIED CORRECT
ANSWERS JUST RELEASED
The definition of a used mother vehicle dealer or used powersports dealer includes whifh
of the following ? - answer>>>Aperson who attempts to negotiate a sale or lease of a
used motor vehicle or powersports vehicle withe the intent to make a profit or gain
A customer's trade- in vehicle on a financed deal may be sold - answer>>>D) only when
the financing has been aprooed
Wholesalers : - answer>>>C)must use a name other than their personal name on all
business documents
A dealer is required to have on file the licenses of each of their employed salespersons but
need not display them in their place of business - answer>>>False
The license of a motor vehicle salesperson or a powersports salesperson may be denied,
revoked or suspended on the following grounds - answer>>>D) all of the above
A dealer must take in the title in their own name before selling a car to retail customer -
answer>>>B) False
A salesperson can change dealerships during the licensing year provided that the correct
form and fee is submitted to the board such sales person may begin work as a motor
vehicle salesperons or powersports salesperson while awaiting a new license from the
board - answer>>>B) False
Which of the following is acceptable proof of ownership of a motor vehicle for a colorado
dealer? - answer>>>A vehicle subject to a lien on the tile
, -
Records of vehicles transfers abd idineter statenebts must be retanied for: - answer>>>C)
5 years
Motor vehicle dealers, powersport dealers, used motor vehicle dealers, used powersports
dealers or wholesalers are not required to report to the dealer board - answer>>>B) any
change in the hours of operation of the business whenthe business continues full time
(review)
Which of the following would indicate a motor vehicle is used - answer>>>A certificate of
title has been issued
A motor vehicle dealer is responsible for : - answer>>>D) all of the above
An advertisement would include - answer>>>D) all of the above
The license of a new or used dealer, wholesale auction dealer, or wholesaler may be
denied, suspended revoked or fined for the following - answer>>>D) all of the above
A buyer agent may - answer>>>D) be retained or hired by a consumer to assist r,
represent or act on behalf of such consumer in connection with the purchase or lease of
Which of the following is a deceptive trade practice? - answer>>>D) All of the above are
deceptive trade practices
Demonstration plates can be displayed on vehicles tat are used by the dealership for any
commercial purpose - answer>>>true
A dealers advertising must contain the dealers licensed name and the words -
answer>>>C) dealer
VERSION QUESTIONS AND VERIFIED CORRECT
ANSWERS JUST RELEASED
The definition of a used mother vehicle dealer or used powersports dealer includes whifh
of the following ? - answer>>>Aperson who attempts to negotiate a sale or lease of a
used motor vehicle or powersports vehicle withe the intent to make a profit or gain
A customer's trade- in vehicle on a financed deal may be sold - answer>>>D) only when
the financing has been aprooed
Wholesalers : - answer>>>C)must use a name other than their personal name on all
business documents
A dealer is required to have on file the licenses of each of their employed salespersons but
need not display them in their place of business - answer>>>False
The license of a motor vehicle salesperson or a powersports salesperson may be denied,
revoked or suspended on the following grounds - answer>>>D) all of the above
A dealer must take in the title in their own name before selling a car to retail customer -
answer>>>B) False
A salesperson can change dealerships during the licensing year provided that the correct
form and fee is submitted to the board such sales person may begin work as a motor
vehicle salesperons or powersports salesperson while awaiting a new license from the
board - answer>>>B) False
Which of the following is acceptable proof of ownership of a motor vehicle for a colorado
dealer? - answer>>>A vehicle subject to a lien on the tile
, -
Records of vehicles transfers abd idineter statenebts must be retanied for: - answer>>>C)
5 years
Motor vehicle dealers, powersport dealers, used motor vehicle dealers, used powersports
dealers or wholesalers are not required to report to the dealer board - answer>>>B) any
change in the hours of operation of the business whenthe business continues full time
(review)
Which of the following would indicate a motor vehicle is used - answer>>>A certificate of
title has been issued
A motor vehicle dealer is responsible for : - answer>>>D) all of the above
An advertisement would include - answer>>>D) all of the above
The license of a new or used dealer, wholesale auction dealer, or wholesaler may be
denied, suspended revoked or fined for the following - answer>>>D) all of the above
A buyer agent may - answer>>>D) be retained or hired by a consumer to assist r,
represent or act on behalf of such consumer in connection with the purchase or lease of
Which of the following is a deceptive trade practice? - answer>>>D) All of the above are
deceptive trade practices
Demonstration plates can be displayed on vehicles tat are used by the dealership for any
commercial purpose - answer>>>true
A dealers advertising must contain the dealers licensed name and the words -
answer>>>C) dealer
