State of Colorado sales license test(pearls )
A customer's trade-in vehicle on a financed deal may be sold. - ANS-Only when the financing
has been approved and the contract binding has been signed
A dealer has how many days to deliver or facilitate delivery of title from the date
of sale? - ANS-(D) 30 days
A dealer is required to conspicuously display in there place of business the license of each sale
person employed by the dealer - ANS-(A)true
A dealer is responsible for taking written actions to attempt to correct a misleading
advertisement placed by a manufacturer if the advertisement contains the dealer name -
ANS-(B) False
A dealer may issue 3 temporary permits for each roadworthy vehicle sold. - ANS-True
A motor vehicle salesperson may work for more than one dealership during one license year. -
ANS-TRUE
A new motor vehicle has three of the following characteristics. Which one
doesn't it have? - ANS-(B) title
A sales person can change dealer ship during a license year provided that a change of
employer notification form and fee is summited to the board. It is unlawful for such a sales
person to act as a motor vehicle sales person of power sport sale person until a new liscenes is
procured - ANS-False
According to Colorado law , motor vehicle leasing company do NOT need a motor vehicle
dealers license - ANS-(B) False
Advertisement would include - ANS-Licensee name with the world dealer
Or
All the above
All motor vehicle dealer and powersport dealer must post clear , legible signs on their principle
place of businesses if? - ANS-(B) if they will be open less than 40 hour per week
By obtaining an off person permit , dealer may sell motor vehicle at another location on a
sunday - ANS--FALSE -no sale of vehicle should be done on Sunday
A customer's trade-in vehicle on a financed deal may be sold. - ANS-Only when the financing
has been approved and the contract binding has been signed
A dealer has how many days to deliver or facilitate delivery of title from the date
of sale? - ANS-(D) 30 days
A dealer is required to conspicuously display in there place of business the license of each sale
person employed by the dealer - ANS-(A)true
A dealer is responsible for taking written actions to attempt to correct a misleading
advertisement placed by a manufacturer if the advertisement contains the dealer name -
ANS-(B) False
A dealer may issue 3 temporary permits for each roadworthy vehicle sold. - ANS-True
A motor vehicle salesperson may work for more than one dealership during one license year. -
ANS-TRUE
A new motor vehicle has three of the following characteristics. Which one
doesn't it have? - ANS-(B) title
A sales person can change dealer ship during a license year provided that a change of
employer notification form and fee is summited to the board. It is unlawful for such a sales
person to act as a motor vehicle sales person of power sport sale person until a new liscenes is
procured - ANS-False
According to Colorado law , motor vehicle leasing company do NOT need a motor vehicle
dealers license - ANS-(B) False
Advertisement would include - ANS-Licensee name with the world dealer
Or
All the above
All motor vehicle dealer and powersport dealer must post clear , legible signs on their principle
place of businesses if? - ANS-(B) if they will be open less than 40 hour per week
By obtaining an off person permit , dealer may sell motor vehicle at another location on a
sunday - ANS--FALSE -no sale of vehicle should be done on Sunday
