STATE OF COLORADO SALES LICENSE FINAL
EXAM 2026 QUESTIONS AND CORRECT
SOLUTIONS
◉ The licenses of a new or used dealer, wholesale auction dealer, or
whole sales may be denied, suspended, revoked or fined for the
following: Answer: (D) All of the above
◉ Colorado's Lemon Law covers: Answer: (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 Answer: (B) False
it's 1 hour
◉ The Buyer guide, or "as is" sticker must be? Answer: (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
Answer: (A) dealers handling and preparation charges
, ◉ Dealers must either be self-insured or have insurance for their
vehicles Answer: (A) true
◉ Is it acceptable for a licensed dealer to place an advertisement
using only the name "ABC Enterprise"?. Answer: (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? Answer: (D) 30 days
◉ According to Colorado law , motor vehicle leasing company do
NOT need a motor vehicle dealers license Answer: (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? Answer:
(C) amount of percentage of the down payment
◉ Three of the following are deceptive trade of practices. Which one
of the following is Not? Answer: (D) delivering goods as promised
EXAM 2026 QUESTIONS AND CORRECT
SOLUTIONS
◉ The licenses of a new or used dealer, wholesale auction dealer, or
whole sales may be denied, suspended, revoked or fined for the
following: Answer: (D) All of the above
◉ Colorado's Lemon Law covers: Answer: (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 Answer: (B) False
it's 1 hour
◉ The Buyer guide, or "as is" sticker must be? Answer: (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
Answer: (A) dealers handling and preparation charges
, ◉ Dealers must either be self-insured or have insurance for their
vehicles Answer: (A) true
◉ Is it acceptable for a licensed dealer to place an advertisement
using only the name "ABC Enterprise"?. Answer: (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? Answer: (D) 30 days
◉ According to Colorado law , motor vehicle leasing company do
NOT need a motor vehicle dealers license Answer: (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? Answer:
(C) amount of percentage of the down payment
◉ Three of the following are deceptive trade of practices. Which one
of the following is Not? Answer: (D) delivering goods as promised
