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Colorado Car Sales Mastery Actual Exam Newest 2026-
2027 / Colorado Car Sales Mastery Practice Exam /
Colorado Car Sales Mastery Preparation With 250
Questions And Correct Answers | Already Graded A+
New and used motor vehicle dealers, wholesalers and wholesale auction
dealers are required to have a surety bond in the amount of ? -
ANSWER-$50,000 for Dealer/ Wholesalers
Motor vehicle salespersons are required to have a surety bond in the
amount of? - ANSWER-$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 - ANSWER-A person is engaged in the
business of selling motor vehicles.
The definition of a used motor vehicle dealer includes which of the
following? - ANSWER-"Used motor vehicle dealer" means any person
who, for commission or with intent to make a profit sells used cars.
Wholesalers may: - ANSWER-make a profit or gain selling to dealers
and wholesalers
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Three of the following are characteristics of an off-premise permit.
Which one is not? - ANSWER-the permit could be used for a permanent
second location
All motor vehicle dealers and used motor vehicle dealers must be open -
ANSWER-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: - ANSWER-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: - ANSWER-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 - ANSWER-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
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any other state has _____ days to give the Dealer Board written notice of
such conviction? - ANSWER-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. - ANSWER-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. - ANSWER-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? - ANSWER-motor vehicle that is titled
Which of the following would always indicate a motor vehicle is used? -
ANSWER-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. - ANSWER-Buyers Guide
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Which of the following must be identified in advertising? - ANSWER-
all of the above
The only items that can be added to an advertised price are: - ANSWER-
none of the above
A dealer may advertise in which of the following manners? - ANSWER-
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): - ANSWER-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? - ANSWER-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? -
ANSWER-a. tax rate
Colorado Car Sales Mastery Actual Exam Newest 2026-
2027 / Colorado Car Sales Mastery Practice Exam /
Colorado Car Sales Mastery Preparation With 250
Questions And Correct Answers | Already Graded A+
New and used motor vehicle dealers, wholesalers and wholesale auction
dealers are required to have a surety bond in the amount of ? -
ANSWER-$50,000 for Dealer/ Wholesalers
Motor vehicle salespersons are required to have a surety bond in the
amount of? - ANSWER-$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 - ANSWER-A person is engaged in the
business of selling motor vehicles.
The definition of a used motor vehicle dealer includes which of the
following? - ANSWER-"Used motor vehicle dealer" means any person
who, for commission or with intent to make a profit sells used cars.
Wholesalers may: - ANSWER-make a profit or gain selling to dealers
and wholesalers
,2|Page
Three of the following are characteristics of an off-premise permit.
Which one is not? - ANSWER-the permit could be used for a permanent
second location
All motor vehicle dealers and used motor vehicle dealers must be open -
ANSWER-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: - ANSWER-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: - ANSWER-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 - ANSWER-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
,3|Page
any other state has _____ days to give the Dealer Board written notice of
such conviction? - ANSWER-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. - ANSWER-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. - ANSWER-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? - ANSWER-motor vehicle that is titled
Which of the following would always indicate a motor vehicle is used? -
ANSWER-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. - ANSWER-Buyers Guide
, 4|Page
Which of the following must be identified in advertising? - ANSWER-
all of the above
The only items that can be added to an advertised price are: - ANSWER-
none of the above
A dealer may advertise in which of the following manners? - ANSWER-
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): - ANSWER-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? - ANSWER-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? -
ANSWER-a. tax rate
