STATE OF COLORADO SALES LICENSE TEST (PEARLS) QUESTIONS & ANSWERS. VERIFIED.| latest update 2024/25|

STATE OF COLORADO SALES LICENSE TEST (PEARLS) QUESTIONS & ANSWERS. VERIFIED. On Sunday(s), dealers are prohibited from selling all of the following except? - -( C) Powersport Vehicles 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 Colorado's Lemon Law covers: - -(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 - -(B) False it's 1 hour 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 The only items that can be added to an advertised price are - -(A) dealers handling and preparation charges Dealers must either be self-insured or have insurance for their vehicles - -(A) true 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 A dealer has how many days to deliver or facilitate delivery of title from the date of sale? - -(D) 30 days According to Colorado law , motor vehicle leasing company do NOT need a motor vehicle dealers license - -(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? - -(C) amount of percentage of the down payment Three of the following are deceptive trade of practices. Which one of the following is Not? - -(D) delivering goods as promised Member of motor vehicle dealer board must - -(C) be a resident of the state for at least 5 years Depot plates may be used during normal business hours to transport a motor vehicle - -(D) all the above The license of a motor vehicle sales person or a powersport salesperson may be denied ,revoked , or suspended on any of the following EXCEPT? - -(A) advertising a salvage vehicle while identifying the vehicle as salvage vehicle A dealer is required to conspicuously display in t