STATE OF COLORADO SALES LICENSE EXAM
SCRIPT 2026 FULL QUESTIONS AND CORRECT
ANSWERS GRADED A+
◉ The licenses of a new or used dealer, wholesale auction dealer, or
whole sales may be denied, suspended, revoked or fined for the
following. Answer: (D) All of the above
◉ Colorado's Lemon Law covers. Answer: (C) defects that substantially
impair market vale of a vehicle
◉ Local law enforcement agencies must be notified with thin four hours
after repossession of a motor vehicle occurs. Answer: (B) False it's 1
hour
◉ The Buyer guide, or "as is" sticker must be? Answer: (B) Provided by
another language than English if the transact is being conducted in
another language than English
◉ The only items that can be added to an advertised price are. Answer:
(A) dealers handling and preparation charges
, ◉ Dealers must either be self-insured or have insurance for their
vehicles. Answer: (A) true
◉ Is it acceptable for a licensed dealer to place an advertisement using
only the name "ABC Enterprise"?. Answer: (B) False is has to say ABC
enterprise dealership
◉ A dealer has how many days to deliver or facilitate delivery of title
from the date
of sale? Answer: (D) 30 days
◉ According to Colorado law , motor vehicle leasing company do NOT
need a motor vehicle dealers license. Answer: (B) False
◉ Three of the following are required to be disclosed in an
advertisement when a dealer is advertising a close-end credit sale or a
motor vehicle or power sport vehicle with a down payment amount,
payment amount, number of payment, period of repayment or amount of
financing charge. Which one is NOT required? Answer: (C) amount of
percentage of the down payment
◉ Three of the following are deceptive trade of practices. Which one of
the following is Not? Answer: (D) delivering goods as promised
SCRIPT 2026 FULL QUESTIONS AND CORRECT
ANSWERS GRADED A+
◉ The licenses of a new or used dealer, wholesale auction dealer, or
whole sales may be denied, suspended, revoked or fined for the
following. Answer: (D) All of the above
◉ Colorado's Lemon Law covers. Answer: (C) defects that substantially
impair market vale of a vehicle
◉ Local law enforcement agencies must be notified with thin four hours
after repossession of a motor vehicle occurs. Answer: (B) False it's 1
hour
◉ The Buyer guide, or "as is" sticker must be? Answer: (B) Provided by
another language than English if the transact is being conducted in
another language than English
◉ The only items that can be added to an advertised price are. Answer:
(A) dealers handling and preparation charges
, ◉ Dealers must either be self-insured or have insurance for their
vehicles. Answer: (A) true
◉ Is it acceptable for a licensed dealer to place an advertisement using
only the name "ABC Enterprise"?. Answer: (B) False is has to say ABC
enterprise dealership
◉ A dealer has how many days to deliver or facilitate delivery of title
from the date
of sale? Answer: (D) 30 days
◉ According to Colorado law , motor vehicle leasing company do NOT
need a motor vehicle dealers license. Answer: (B) False
◉ Three of the following are required to be disclosed in an
advertisement when a dealer is advertising a close-end credit sale or a
motor vehicle or power sport vehicle with a down payment amount,
payment amount, number of payment, period of repayment or amount of
financing charge. Which one is NOT required? Answer: (C) amount of
percentage of the down payment
◉ Three of the following are deceptive trade of practices. Which one of
the following is Not? Answer: (D) delivering goods as promised
