State of Colorado Sales License Test
question with answers
A buyer agent - -is retained or hired by a consumer to assist/represent/act on
behalf of such consumer in connection with the purchase of lease of a Motor
vehicle
-A customer's trade-in vehicle on a financed deal may be sold - -Only when
the financing has been approved and the contract binding has been signed
-A dealer has how many days to facilitate delivery from the date of sale? - -
30 Days
-A dealer is not responsible for taking written action to attempt to correct a
misleading advertisement placed by a manufacturer if the advertisement
contains the dealers name - -False
-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 - -False
-A dealer may issue a temporary permits for each roadworthy vehicle sold - -
FALSE
-A dealer must take in the title in their own name before selling a car to a
retail customer - -False
-A dealer wholesaler or salespersons convicted of any felony or any crime..
Has how many days to report conviction? - -30 Days
-a dealers ad must contain the dealers licensed name and the words - -
Dealer
-A motor vehicle dealer is responsible for: - -all of the above
-A Motor vehicle dealer, wholesaler, or salesperson must give Dealer Board
written notice of - -If hours of business are going to change
-A Motor vehicle salesman can be personally liable for any proven claim or
judgement in excess of their surety bond - -TRUE
-A Motor Vehicle salesperson may work for more than 1 dealership during
one year - -TRUE
, -A new motor vehicle has three of the following characteristics. Which one
doesn't it have? - -A title
-A new or used motor vehicle dealer may legally do which of the following
with a temporary permit? - -issue a permit upon the sale of a motor vehicle
to another dealer
-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 salespersons or powersports salesperson
while awaiting a new license from the board - -False
-A temp registration permit may be issued: - --for 60 days in a B2C sale-for 7
days in a B2B sale
-according to Colorado law motor vehicle leasing companies do not need a
motor vehicle dealers license - -False
-according to Colorado law which does NOT need to be licensed as a motor
vehicle dealer? - -All of the above
-According to Colorado law, which of the following must be licensed as a
motor vehicle dealer and or powersports dealer? - -All of the above
-All Motor Vehicle dealers and dealers must post a clear legible sign on their
place of business if: - -they will be open less than 40 hours per week
-All motor vehicle dealers and powersports dealers must be open: - -A
minimum of 12 hours per week
-An advertisement may include - -licensed name with the word DEALER
-An advertisement would include - -All of the above
-An advertisement would NOT include - -a salesperson's verbal statement of
the MSRP
-An off-premise permit: - -Must be readily available for inspection at the sale
-bait and switch is - -ad that attracts consumers with a low-priced product,
then tries to sell them a higher-priced product
-By definition an advertisement may include any commercial message on
any computer display or window, display which is delivered or made
available to a customer or prospective customer in any manner whatsoever -
-True
question with answers
A buyer agent - -is retained or hired by a consumer to assist/represent/act on
behalf of such consumer in connection with the purchase of lease of a Motor
vehicle
-A customer's trade-in vehicle on a financed deal may be sold - -Only when
the financing has been approved and the contract binding has been signed
-A dealer has how many days to facilitate delivery from the date of sale? - -
30 Days
-A dealer is not responsible for taking written action to attempt to correct a
misleading advertisement placed by a manufacturer if the advertisement
contains the dealers name - -False
-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 - -False
-A dealer may issue a temporary permits for each roadworthy vehicle sold - -
FALSE
-A dealer must take in the title in their own name before selling a car to a
retail customer - -False
-A dealer wholesaler or salespersons convicted of any felony or any crime..
Has how many days to report conviction? - -30 Days
-a dealers ad must contain the dealers licensed name and the words - -
Dealer
-A motor vehicle dealer is responsible for: - -all of the above
-A Motor vehicle dealer, wholesaler, or salesperson must give Dealer Board
written notice of - -If hours of business are going to change
-A Motor vehicle salesman can be personally liable for any proven claim or
judgement in excess of their surety bond - -TRUE
-A Motor Vehicle salesperson may work for more than 1 dealership during
one year - -TRUE
, -A new motor vehicle has three of the following characteristics. Which one
doesn't it have? - -A title
-A new or used motor vehicle dealer may legally do which of the following
with a temporary permit? - -issue a permit upon the sale of a motor vehicle
to another dealer
-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 salespersons or powersports salesperson
while awaiting a new license from the board - -False
-A temp registration permit may be issued: - --for 60 days in a B2C sale-for 7
days in a B2B sale
-according to Colorado law motor vehicle leasing companies do not need a
motor vehicle dealers license - -False
-according to Colorado law which does NOT need to be licensed as a motor
vehicle dealer? - -All of the above
-According to Colorado law, which of the following must be licensed as a
motor vehicle dealer and or powersports dealer? - -All of the above
-All Motor Vehicle dealers and dealers must post a clear legible sign on their
place of business if: - -they will be open less than 40 hours per week
-All motor vehicle dealers and powersports dealers must be open: - -A
minimum of 12 hours per week
-An advertisement may include - -licensed name with the word DEALER
-An advertisement would include - -All of the above
-An advertisement would NOT include - -a salesperson's verbal statement of
the MSRP
-An off-premise permit: - -Must be readily available for inspection at the sale
-bait and switch is - -ad that attracts consumers with a low-priced product,
then tries to sell them a higher-priced product
-By definition an advertisement may include any commercial message on
any computer display or window, display which is delivered or made
available to a customer or prospective customer in any manner whatsoever -
-True
