State Of Colorado Sales License Test
(Pearls) Questions and Answers
1. On Sunday(s), dealers are prohibited from selling all of the following
except?: ( C) Powersport Vehicles
2. The licenses of a new or used dealer, wholesale auction dealer, or
whole sales may be denied, suspended, revoked or fined for the following:: (D)
All of the above
3. Colorado's Lemon Law covers:: (C) defects that substantially impair market vale of a
vehicle
4. Local law enforcement agencies must be notified with thin four hours
after repossession of a motor vehicle occurs: (B) False it's 1 hour
5. The Buyer guide, or "as is" sticker must be?: (B) Provided by another language than
English if
the transact is being conducted in another language than English
6. The only items that can be added to an advertised price are: (A) dealers
handling and preparation charges
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, 7. Dealers must either be self-insured or have insurance for their vehicles:
(A) true
8. Is it acceptable for a licensed dealer to place an advertisement using
only the name "ABC Enterprise"?.: (B) False is has to say ABC enterprise dealership
9. A dealer has how many days to deliver or facilitate delivery of title
from the date
of sale?: (D) 30 days
10. According to Colorado law , motor vehicle leasing company do
NOT need a motor vehicle dealers license: (B) False
11. 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?: (C) amount of percentage of the
down payment
12. Three of the following are deceptive trade of practices. Which
one of the following is Not?: (D) delivering goods as promised
13. Member of motor vehicle dealer board must: (C) be a resident of the state for
at least 5 years
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(Pearls) Questions and Answers
1. On Sunday(s), dealers are prohibited from selling all of the following
except?: ( C) Powersport Vehicles
2. The licenses of a new or used dealer, wholesale auction dealer, or
whole sales may be denied, suspended, revoked or fined for the following:: (D)
All of the above
3. Colorado's Lemon Law covers:: (C) defects that substantially impair market vale of a
vehicle
4. Local law enforcement agencies must be notified with thin four hours
after repossession of a motor vehicle occurs: (B) False it's 1 hour
5. The Buyer guide, or "as is" sticker must be?: (B) Provided by another language than
English if
the transact is being conducted in another language than English
6. The only items that can be added to an advertised price are: (A) dealers
handling and preparation charges
1/
7
, 7. Dealers must either be self-insured or have insurance for their vehicles:
(A) true
8. Is it acceptable for a licensed dealer to place an advertisement using
only the name "ABC Enterprise"?.: (B) False is has to say ABC enterprise dealership
9. A dealer has how many days to deliver or facilitate delivery of title
from the date
of sale?: (D) 30 days
10. According to Colorado law , motor vehicle leasing company do
NOT need a motor vehicle dealers license: (B) False
11. 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?: (C) amount of percentage of the
down payment
12. Three of the following are deceptive trade of practices. Which
one of the following is Not?: (D) delivering goods as promised
13. Member of motor vehicle dealer board must: (C) be a resident of the state for
at least 5 years
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