State of Colorado Sales License Test questions with
verified answers
A buyer agent Ans✓✓✓ 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 Ans✓✓✓ 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? Ans✓✓✓
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 Ans✓✓✓ 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 Ans✓✓✓ False
A dealer may issue a temporary permits for each roadworthy vehicle sold
Ans✓✓✓ FALSE
A dealer must take in the title in their own name before selling a car to a retail
customer Ans✓✓✓ False
A dealer wholesaler or salespersons convicted of any felony or any crime.. Has
how many days to report conviction? Ans✓✓✓ 30 Days
, a dealers ad must contain the dealers licensed name and the words Ans✓✓✓
Dealer
A motor vehicle dealer is responsible for: Ans✓✓✓ all of the above
A Motor vehicle dealer, wholesaler, or salesperson must give Dealer Board
written notice of Ans✓✓✓ 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 Ans✓✓✓ TRUE
A Motor Vehicle salesperson may work for more than 1 dealership during one
year Ans✓✓✓ TRUE
A new motor vehicle has three of the following characteristics. Which one doesn't
it have? Ans✓✓✓ A title
A new or used motor vehicle dealer may legally do which of the following with a
temporary permit? Ans✓✓✓ 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 Ans✓✓✓ False
verified answers
A buyer agent Ans✓✓✓ 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 Ans✓✓✓ 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? Ans✓✓✓
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 Ans✓✓✓ 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 Ans✓✓✓ False
A dealer may issue a temporary permits for each roadworthy vehicle sold
Ans✓✓✓ FALSE
A dealer must take in the title in their own name before selling a car to a retail
customer Ans✓✓✓ False
A dealer wholesaler or salespersons convicted of any felony or any crime.. Has
how many days to report conviction? Ans✓✓✓ 30 Days
, a dealers ad must contain the dealers licensed name and the words Ans✓✓✓
Dealer
A motor vehicle dealer is responsible for: Ans✓✓✓ all of the above
A Motor vehicle dealer, wholesaler, or salesperson must give Dealer Board
written notice of Ans✓✓✓ 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 Ans✓✓✓ TRUE
A Motor Vehicle salesperson may work for more than 1 dealership during one
year Ans✓✓✓ TRUE
A new motor vehicle has three of the following characteristics. Which one doesn't
it have? Ans✓✓✓ A title
A new or used motor vehicle dealer may legally do which of the following with a
temporary permit? Ans✓✓✓ 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 Ans✓✓✓ False
