SALES MASTERY CORE EXAMS SET 2025/2026 QUESTIONS
WITH SOLUTIONS RATED A+
✔✔Which of the following is a deceptive trade practice? - ✔✔D) All of the above are
deceptive trade practices
✔✔Demonstration plates can be displayed on vehicles that are used by the dealership
for any commercial purpose - ✔✔true
✔✔A dealers advertising must contain the dealers licensed name and the words - ✔✔C)
dealer
✔✔Which of the following does not fit the definition of a motor vehicle dealer - ✔✔C)
someone who sells motor vehicles solely to wholesalers
✔✔Depot plates may be used during normal business hours to transport a motor
vehicle - ✔✔D ) all of the above
✔✔Licensed powersport dealers may not sell powersports on Sundays ( verify) -
✔✔False
✔✔By definition an advertisement may include any commercial message on any
computer display or window, display which is delivered or made available to a customer
or prospective customer in any manner whatsoever - ✔✔True ( verify)
✔✔The motor Vehicle dealer board is authorized and empowered to - ✔✔D) all of the
above
✔✔The federal odometer law declares that it is unlawful to do any of the following
except - ✔✔C) to operate a motor vehicle on any street, with the intent to defraud,
knowing that the odometer is disconnected
✔✔Dealer demo plates may be used on motor vehicles - ✔✔D) properly assigned in the
name of the dealership
✔✔New and used motor vehicle dealers, powersports dealers, and wholesale auction
dealers are required to have a surety bond - ✔✔D) all of the above
✔✔Motor vehicle and powersport salespeople are required to have a surety bond in the
amount of : - ✔✔15k$
✔✔The buyers guide or "as is" sticker must be - ✔✔Provided to a customer in another
language than English
,✔✔In advertisement motor vehicle, a dealer or salesperson may - ✔✔Make reference
"dealer cost" or "invoice price"
✔✔Which of the following steps are require to properly and legally repossess a motor
vehicle - ✔✔Effect a lien creating a security interest
✔✔Which of the following motor vehicles may be sold on Sundays? - ✔✔C)Motor
Homes
✔✔The Motor Vehicle Dealer Board is authorized and empowered to: - ✔✔issue or
deny motor vehicle dealer and salesperson licenses
✔✔Dealers may be administratively fined by the Dealer Board up to what amount for
each separate offense? - ✔✔shall not exceed 10,000 dollars for each separate offense
✔✔New and used motor vehicle dealers, wholesalers and wholesale auction dealers
are required to have a surety bond in the amount of ? - ✔✔$50,000 for Dealer/
Wholesalers
✔✔Motor vehicle salespersons are required to have a surety bond in the amount of? -
✔✔$15,000
✔✔Selling ___ or more vehicles or offering for sale more than ___ vehicles at the same
address or telephone number in any one calendar year, shall be prima facie evidence
that - ✔✔A person is engaged in the business of selling motor vehicles.
✔✔The definition of a used motor vehicle dealer includes which of the following? -
✔✔"Used motor vehicle dealer" means any person who, for commission or with intent to
make a profit sells used cars.
✔✔Wholesalers may: - ✔✔make a profit or gain selling to dealers and wholesalers
✔✔Three of the following are characteristics of an off-premise permit. Which one is not?
- ✔✔the permit could be used for a permanent second location
✔✔All motor vehicle dealers and used motor vehicle dealers must be open - ✔✔a. a
minimum of 12 hours per week Hours of operation posted and opened at least 3 days
per week for a continuous four hours per day between 8 AM and 9 PM.
✔✔the license of a motor vehicle salesperson may be denied, revoked, or suspended
on the following grounds except: - ✔✔advertising a salvaged vehicle that identifies that
vehicle as a salvage vehicle
,✔✔The license of a motor vehicle salesperson may be denied, revoked, or suspended
on the following grounds except: - ✔✔not having a valid Colorado drivers license
✔✔The license of a motor vehicle salesperson may be denied, revoked, or suspended
on the following grounds except - ✔✔to engage as a licensee without having in force a
good and sufficient bond with corporate surety
✔✔A dealer, wholesaler or salesperson who is convicted of any felony or any criminal
pursuant to Article 3, 4 or 5 of Title 18, C.R.S. (felony or criminal misdemeanor) or like
crime pursuant to federal law or law of any other state has _____ days to give the
Dealer Board written notice of such conviction? - ✔✔30 days after such conviction
✔✔When a salesperson voluntarily leaves or is discharged from a dealership, the
dealer must immediately return that salesperson's _________ to the Dealer Board. -
✔✔motor vehicle dealer or used motor vehicle dealer who last employed the
salesperson shall confiscate and return such salesperson's license to the board
✔✔A salesperson can change dealerships during the licensing year provided that a
Change of Employer Notification form is submitted to the Board. It is unlawful for such
sales person to act as a motor vehicle salesperson until a new _________ is procured. -
✔✔It shall be unlawful for such salesperson to act as a motor vehicle salesperson until
a new license is procured.
✔✔A new motor vehicle has three of the following characteristics. Which one doesn't it
have? - ✔✔motor vehicle that is titled
✔✔Which of the following would always indicate a motor vehicle is used? - ✔✔a vehicle
that is titled
✔✔Since 1985, the Federal Trade Commission's Used Car Rule has required that
dealers prominently and conspicuously display the __________________ on every
used car or light truck offered for sale. This is also known as the "as is" sticker. -
✔✔Buyers Guide
✔✔Which of the following must be identified in advertising? - ✔✔all of the above
✔✔The only items that can be added to an advertised price are: - ✔✔none of the above
✔✔A dealer may advertise in which of the following manners? - ✔✔d. using a color
picture in the ad that is not the same color as the actual vehicle being advertised as
long as the disclosure, "vehicle colors may vary" is included
, ✔✔A dealer's advertising must contain the dealer's licensed name and/or the word(s): -
✔✔The dealer's name or the word "dealer" must be included in the advertisement or
both name and the word "dealer" if the name appears but does not clearly reflect that
the business is a dealer.
✔✔The Colorado Consumer Protection Act declares bait and switch advertising to be a
deceptive trade practice. Bait and switch advertising would include which of the
following? - ✔✔all of the above
✔✔Three of the following are required to be disclosed when a dealer is advertising a
closed-end credit sale of a motor vehicle with a down payment amount, payment
amount, number of payments, period of repayment or amount of finance charge. Which
one is not required? - ✔✔a. tax rate
✔✔A dealer has how many days to deliver or facilitate delivery of title from the date of
sale? - ✔✔The title or MCO must be procured by the dealer or wholesaler upon the sale
and delivery of the vehicle and delivered or mailed to the purchaser or channel
mortgage company within thirty (30) days pursuant to 42-6-112, C.R.S.
✔✔Which of the following is not proof of ownership of a motor vehicle for a Colorado
dealer? - ✔✔a signed Monroney Label
✔✔Which one of the following statements is true regarding dealer demo plates? -
✔✔May be displayed on vehicles for demonstration drive purposes, during normal
business hours, when a dealership employee is in the vehicle with the prospective
buyer.
May be displayed on vehicles operated by a prospective buyer for demonstration drives.
Demonstration drives by a prospective purchaser shall not exceed seven calendar
days.2.12 Lost or stolen dealer plates shall be reported within seventy-two (72) hours to
the local law
✔✔Which of the following is true regarding dealer demo plates? - ✔✔dealer demo
plates may be displayed only on vehicles owned by or consigned to the dealer or
wholesaler
✔✔Which of the following is true regarding depot plates? - ✔✔A depot plate may be
used by the dealership to transport vehicles to and from the dealer's place of business
or storage for the purpose of completing work that involves repairing, painting,
upholstering, polishing or other similar types of work on the vehicle.
A depot plate may also be used for road testing the vehicle after repair. Movement of a
vehicle using a depot plate for any purpose other than those listed above shall
constitute private use.
WITH SOLUTIONS RATED A+
✔✔Which of the following is a deceptive trade practice? - ✔✔D) All of the above are
deceptive trade practices
✔✔Demonstration plates can be displayed on vehicles that are used by the dealership
for any commercial purpose - ✔✔true
✔✔A dealers advertising must contain the dealers licensed name and the words - ✔✔C)
dealer
✔✔Which of the following does not fit the definition of a motor vehicle dealer - ✔✔C)
someone who sells motor vehicles solely to wholesalers
✔✔Depot plates may be used during normal business hours to transport a motor
vehicle - ✔✔D ) all of the above
✔✔Licensed powersport dealers may not sell powersports on Sundays ( verify) -
✔✔False
✔✔By definition an advertisement may include any commercial message on any
computer display or window, display which is delivered or made available to a customer
or prospective customer in any manner whatsoever - ✔✔True ( verify)
✔✔The motor Vehicle dealer board is authorized and empowered to - ✔✔D) all of the
above
✔✔The federal odometer law declares that it is unlawful to do any of the following
except - ✔✔C) to operate a motor vehicle on any street, with the intent to defraud,
knowing that the odometer is disconnected
✔✔Dealer demo plates may be used on motor vehicles - ✔✔D) properly assigned in the
name of the dealership
✔✔New and used motor vehicle dealers, powersports dealers, and wholesale auction
dealers are required to have a surety bond - ✔✔D) all of the above
✔✔Motor vehicle and powersport salespeople are required to have a surety bond in the
amount of : - ✔✔15k$
✔✔The buyers guide or "as is" sticker must be - ✔✔Provided to a customer in another
language than English
,✔✔In advertisement motor vehicle, a dealer or salesperson may - ✔✔Make reference
"dealer cost" or "invoice price"
✔✔Which of the following steps are require to properly and legally repossess a motor
vehicle - ✔✔Effect a lien creating a security interest
✔✔Which of the following motor vehicles may be sold on Sundays? - ✔✔C)Motor
Homes
✔✔The Motor Vehicle Dealer Board is authorized and empowered to: - ✔✔issue or
deny motor vehicle dealer and salesperson licenses
✔✔Dealers may be administratively fined by the Dealer Board up to what amount for
each separate offense? - ✔✔shall not exceed 10,000 dollars for each separate offense
✔✔New and used motor vehicle dealers, wholesalers and wholesale auction dealers
are required to have a surety bond in the amount of ? - ✔✔$50,000 for Dealer/
Wholesalers
✔✔Motor vehicle salespersons are required to have a surety bond in the amount of? -
✔✔$15,000
✔✔Selling ___ or more vehicles or offering for sale more than ___ vehicles at the same
address or telephone number in any one calendar year, shall be prima facie evidence
that - ✔✔A person is engaged in the business of selling motor vehicles.
✔✔The definition of a used motor vehicle dealer includes which of the following? -
✔✔"Used motor vehicle dealer" means any person who, for commission or with intent to
make a profit sells used cars.
✔✔Wholesalers may: - ✔✔make a profit or gain selling to dealers and wholesalers
✔✔Three of the following are characteristics of an off-premise permit. Which one is not?
- ✔✔the permit could be used for a permanent second location
✔✔All motor vehicle dealers and used motor vehicle dealers must be open - ✔✔a. a
minimum of 12 hours per week Hours of operation posted and opened at least 3 days
per week for a continuous four hours per day between 8 AM and 9 PM.
✔✔the license of a motor vehicle salesperson may be denied, revoked, or suspended
on the following grounds except: - ✔✔advertising a salvaged vehicle that identifies that
vehicle as a salvage vehicle
,✔✔The license of a motor vehicle salesperson may be denied, revoked, or suspended
on the following grounds except: - ✔✔not having a valid Colorado drivers license
✔✔The license of a motor vehicle salesperson may be denied, revoked, or suspended
on the following grounds except - ✔✔to engage as a licensee without having in force a
good and sufficient bond with corporate surety
✔✔A dealer, wholesaler or salesperson who is convicted of any felony or any criminal
pursuant to Article 3, 4 or 5 of Title 18, C.R.S. (felony or criminal misdemeanor) or like
crime pursuant to federal law or law of any other state has _____ days to give the
Dealer Board written notice of such conviction? - ✔✔30 days after such conviction
✔✔When a salesperson voluntarily leaves or is discharged from a dealership, the
dealer must immediately return that salesperson's _________ to the Dealer Board. -
✔✔motor vehicle dealer or used motor vehicle dealer who last employed the
salesperson shall confiscate and return such salesperson's license to the board
✔✔A salesperson can change dealerships during the licensing year provided that a
Change of Employer Notification form is submitted to the Board. It is unlawful for such
sales person to act as a motor vehicle salesperson until a new _________ is procured. -
✔✔It shall be unlawful for such salesperson to act as a motor vehicle salesperson until
a new license is procured.
✔✔A new motor vehicle has three of the following characteristics. Which one doesn't it
have? - ✔✔motor vehicle that is titled
✔✔Which of the following would always indicate a motor vehicle is used? - ✔✔a vehicle
that is titled
✔✔Since 1985, the Federal Trade Commission's Used Car Rule has required that
dealers prominently and conspicuously display the __________________ on every
used car or light truck offered for sale. This is also known as the "as is" sticker. -
✔✔Buyers Guide
✔✔Which of the following must be identified in advertising? - ✔✔all of the above
✔✔The only items that can be added to an advertised price are: - ✔✔none of the above
✔✔A dealer may advertise in which of the following manners? - ✔✔d. using a color
picture in the ad that is not the same color as the actual vehicle being advertised as
long as the disclosure, "vehicle colors may vary" is included
, ✔✔A dealer's advertising must contain the dealer's licensed name and/or the word(s): -
✔✔The dealer's name or the word "dealer" must be included in the advertisement or
both name and the word "dealer" if the name appears but does not clearly reflect that
the business is a dealer.
✔✔The Colorado Consumer Protection Act declares bait and switch advertising to be a
deceptive trade practice. Bait and switch advertising would include which of the
following? - ✔✔all of the above
✔✔Three of the following are required to be disclosed when a dealer is advertising a
closed-end credit sale of a motor vehicle with a down payment amount, payment
amount, number of payments, period of repayment or amount of finance charge. Which
one is not required? - ✔✔a. tax rate
✔✔A dealer has how many days to deliver or facilitate delivery of title from the date of
sale? - ✔✔The title or MCO must be procured by the dealer or wholesaler upon the sale
and delivery of the vehicle and delivered or mailed to the purchaser or channel
mortgage company within thirty (30) days pursuant to 42-6-112, C.R.S.
✔✔Which of the following is not proof of ownership of a motor vehicle for a Colorado
dealer? - ✔✔a signed Monroney Label
✔✔Which one of the following statements is true regarding dealer demo plates? -
✔✔May be displayed on vehicles for demonstration drive purposes, during normal
business hours, when a dealership employee is in the vehicle with the prospective
buyer.
May be displayed on vehicles operated by a prospective buyer for demonstration drives.
Demonstration drives by a prospective purchaser shall not exceed seven calendar
days.2.12 Lost or stolen dealer plates shall be reported within seventy-two (72) hours to
the local law
✔✔Which of the following is true regarding dealer demo plates? - ✔✔dealer demo
plates may be displayed only on vehicles owned by or consigned to the dealer or
wholesaler
✔✔Which of the following is true regarding depot plates? - ✔✔A depot plate may be
used by the dealership to transport vehicles to and from the dealer's place of business
or storage for the purpose of completing work that involves repairing, painting,
upholstering, polishing or other similar types of work on the vehicle.
A depot plate may also be used for road testing the vehicle after repair. Movement of a
vehicle using a depot plate for any purpose other than those listed above shall
constitute private use.
