SALES MASTERY EXAM 2026 WITH COMPLETE
SOLUTION
When advertising a specific number of motor vehicles that same number of vehicles
must have been invoiced to the dealer - ANS-A)True
Dealers must either be self insured or have insurance for their vehicles - ANS-A)True
In transite plates may be used on motor vehicles - ANS-D) consigned to wholesale
auction dealers for transport from point of purchase to point of storage
When a salesperson leaves a dealer, that dealer must do all of the following except -
ANS-Immediately employ a new salesperson, licensed or not
The license of a new or used dealer, wholesale auction dealer or wholesaler may be
denied suspended, revoked or fined for all of the following grounds except - ANS-
Employing a properly licensed salesperson
The only items that can be added to an advertised price are - ANS-C) Dealer handling
and preparation charges
The license of a motor vehicle salesperson or a powersports salesperson may be
denied,revoked, or suspended on any of the followin grounds except: - ANS-D)using
point of sale literature in advertising
Which of the following is true about colorado's lemon law? - ANS-C) "a reasonable
number of attempts" to repair applied when the moter vehicle has been out of service
for repairs a cumulative toal of 30 or more business days during the warranty term or 1
year from date of delivery
Three of the following are deceptive trade practices. Which of the following is not ? -
ANS-Delivering goods as promised
A new or used motor vehicle dealer may legally do which of the following with a
temporary permit? - ANS-Issue a permit for a demonstration drive by a consumer
Re federal cash reporting rule requires dealers to file form 83000.... - ANS-15 Days
, A new motor vehicle has three of the following chracterics. WHich one dosen't it have? -
ANS-D) a title
A dealer wholesaler or salesperons convicted of any felony or any crime.. Has how
many days to report conviction? - ANS-A ) 30 Days
Three of the followikng are require when a dealer is advertising a lease of a a motr
vehicle or powersports vehicle with a payement amount which one is not required? -
ANS-D) disclosing the cost of leasing versust the cost of purchasing
The definition of a used mother vehicle dealer or used powersports dealer includes
whifh of the following ? - ANS-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 - ANS-D) only when the
financing has been aprooed
Wholesalers : - ANS-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 - ANS-False
The license of a motor vehicle salesperson or a powersports salesperson may be
denied, revoked or suspended on the following grounds - ANS-D) all of the above
A dealer must take in the title in their own name before selling a car to retail customer -
ANS-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 - ANS-B) False
Which of the following is acceptable proof of ownership of a motor vehicle for a colorado
dealer? - ANS-A vehicle subject to a lien on the tile
Records of vehicles transfers abd idineter statenebts must be retanied for: - ANS-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 -
ANS-B) any change in the hours of operation of the business whenthe business
continues full time (review)
SOLUTION
When advertising a specific number of motor vehicles that same number of vehicles
must have been invoiced to the dealer - ANS-A)True
Dealers must either be self insured or have insurance for their vehicles - ANS-A)True
In transite plates may be used on motor vehicles - ANS-D) consigned to wholesale
auction dealers for transport from point of purchase to point of storage
When a salesperson leaves a dealer, that dealer must do all of the following except -
ANS-Immediately employ a new salesperson, licensed or not
The license of a new or used dealer, wholesale auction dealer or wholesaler may be
denied suspended, revoked or fined for all of the following grounds except - ANS-
Employing a properly licensed salesperson
The only items that can be added to an advertised price are - ANS-C) Dealer handling
and preparation charges
The license of a motor vehicle salesperson or a powersports salesperson may be
denied,revoked, or suspended on any of the followin grounds except: - ANS-D)using
point of sale literature in advertising
Which of the following is true about colorado's lemon law? - ANS-C) "a reasonable
number of attempts" to repair applied when the moter vehicle has been out of service
for repairs a cumulative toal of 30 or more business days during the warranty term or 1
year from date of delivery
Three of the following are deceptive trade practices. Which of the following is not ? -
ANS-Delivering goods as promised
A new or used motor vehicle dealer may legally do which of the following with a
temporary permit? - ANS-Issue a permit for a demonstration drive by a consumer
Re federal cash reporting rule requires dealers to file form 83000.... - ANS-15 Days
, A new motor vehicle has three of the following chracterics. WHich one dosen't it have? -
ANS-D) a title
A dealer wholesaler or salesperons convicted of any felony or any crime.. Has how
many days to report conviction? - ANS-A ) 30 Days
Three of the followikng are require when a dealer is advertising a lease of a a motr
vehicle or powersports vehicle with a payement amount which one is not required? -
ANS-D) disclosing the cost of leasing versust the cost of purchasing
The definition of a used mother vehicle dealer or used powersports dealer includes
whifh of the following ? - ANS-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 - ANS-D) only when the
financing has been aprooed
Wholesalers : - ANS-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 - ANS-False
The license of a motor vehicle salesperson or a powersports salesperson may be
denied, revoked or suspended on the following grounds - ANS-D) all of the above
A dealer must take in the title in their own name before selling a car to retail customer -
ANS-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 - ANS-B) False
Which of the following is acceptable proof of ownership of a motor vehicle for a colorado
dealer? - ANS-A vehicle subject to a lien on the tile
Records of vehicles transfers abd idineter statenebts must be retanied for: - ANS-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 -
ANS-B) any change in the hours of operation of the business whenthe business
continues full time (review)
