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Car Sales Exam with Questions and Answers Components of a good car sale lead ANSWER 1) Rents often 2) Total loss 3) In the market Specific types of customers who make good leads ANSWER 1) Rent often 2) Total loss 3) Month to month renter Total loss customers and their vehicle needs ANSWER Insurance gives 48 hrs of rental How does ERAC car sales compare to competitors in pricing ANSWER ????? Know best way to explain car sales to customer ANSWER -"car sales friend" is going to...

Motor Vehicle Salesperson Exam with Questions and Answers What are the requirements for a salesperson license? ANSWER - 18 years old - agree to act in good faith as a salesperson - are familiar with motor vehicle sales laws, lease laws and contract laws Advertising ANSWER Using false, deceptive or misleading advertising or representations to induce the purchase of a motor vehicle is an unfair practice and is prohibited. Vehicle Prices ANSWER The advertised price must include all charg...

Contracts and Sales Test with Questions and Answers Carson Corp., a retail chain, asked Alto Construction to fix a broken window at one of Carson's stores. Alto offered to make the repairs within 3 days at a price to be agreed on after the work was completed. A contract based on Alto's offer would fail because of indefiniteness as to the a. price involved b. nature of the subject matter c. parties to the contract d. time for performance ANSWER a. price involved On September 10, Harri...

Permit Test (Colorado) with Questions and Answers 1. You may not pass another vehicle on either side of a _______ centerline. ANSWER double solid yellow When drivers come to this sign, they must: ANSWER be ready to stop at the stop sign As you approach an intersection, the traffic light changes from green to yellow. You should: ANSWER be prepared to stop before the intersection. To drive defensively, you must: ANSWER Keep your eyes moving This road sign warns drivers that: ANSWER ...

Colorado DMV Permit Test with Questions and Answers What is the hand signal for a right turn? ANSWER Put left hand and arm up, keeping hand arm still What should you do before changing lanes? ANSWER -Turn your signal on -Check your mirrors -Check your blind spot (Look over your shoulder) What is the "3-second rule? ANSWER The amount of time you should allow between you and another vehicle for safety When is it safe to return to the right-hand lane after passing another vehicle? A...

NEW Motor Vehicle Exam Questions and Answers Motor vehicle dealers, powersport dealers used powersports dealers or wholesalers are REQUIRED to report to the Dealer Board ANSWER any change in the hours of operation of the business when it continues to operate full time Three of the following types of motor vehicles are exempt from the truth in mileage act. Which one is not exempt ANSWER motor vehicles with out of state titiles The definition of a used motor vehicle dealer or used powers...

RECA Commercial Unit2 Questions and Answers-2024 Commercial real estate assets have a number of attributes that make them unique relative to other types of investments. These attributes include the following: (x10) ANSWER 1. They involve land 2.Transaction time frames are long 3. Transaction costs are high 4. they are expensive 5. They are long lasting 6. Highly regulated 7. have a long production cycle 8. are management intensive 9. are heterogeneous 10. Involve measuring return on ...

RECA Residential Unit 4 Exam (New 2024/2025 Update) with Questions and Answers 3 Types of property defects ANSWER Patent, Latent, Material latent What are Patent defects (on a property)? ANSWER obvious flaw discovered upon reasonable inspection. caveat emptor applies (meaning that the buyer should have inspected enough to find anything like this). Unless the seller provides information or warranties regarding the patent defects, it is the buyers responsibility to address them. What are...

RECA Residential Unit 2 Exam (Graded A Plus) with Questions and Validated Answers 9 things that, when representing sellers, REPs can do ANSWER 1. Identify the features, qualities, and advantages that relate to the sellers' property 2. Describe the property appropriately in the applicable listing service and property databases. 3. Market the property based on the features, qualities, and advantages. 4. Promote the property and answer their buyers' questions regarding it. 5. Accurately answer...

RECA Residential Unit 3 with Actual Questions and Verified Answers What is the RMS? ANSWER Residential Measurement Standard 4 qualities of a standard ANSWER 1. It must be objective (ie Uniform, consistent) 2. It mut apply to an object or process that can be quantified (i.e. measured) 3. It's results must be verifiable (i.e. repeated by others) 4. It's results must be quantifiable (i.e. measurable) What is a measurement standard as it relates to property use? ANSWER is an objective and...