State of Colorado sales license
test(pearls ) Exam Questions & Answers
100% Accurate
On Sunday(s), dealers are prohibited from selling all of the following except? -
ANSWER-( C) Powersport Vehicles
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
Member of motor vehicle dealer board must - ANSWER-(C) be a resident of the state
for at least 5 years
Depot plates may be used during normal business hours to transport a motor vehicle -
ANSWER-(D) all the above
The license of a motor vehicle sales person or a powersport salesperson may be denied
,revoked , or suspended on any of the following EXCEPT? - ANSWER-(A) advertising a
salvage vehicle while identifying the vehicle as salvage vehicle
A dealer is required to conspicuously display in there place of business the license of
each sale person employed by the dealer - ANSWER-(A)true
The license of a motor Sale person or powersport sale person me be denied, revoked or
suspended on any of the following ground except - ANSWER-(B) advertising a salvage
vehicle while identifying the vehicle as salvage
A new motor vehicle has three of the following characteristics. Which one
doesn't it have? - ANSWER-(B) title
Which of the following step are required to properly and legally repossess a motor
vehicle - ANSWER-(A) effect a lien creating a security interest
test(pearls ) Exam Questions & Answers
100% Accurate
On Sunday(s), dealers are prohibited from selling all of the following except? -
ANSWER-( C) Powersport Vehicles
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
Member of motor vehicle dealer board must - ANSWER-(C) be a resident of the state
for at least 5 years
Depot plates may be used during normal business hours to transport a motor vehicle -
ANSWER-(D) all the above
The license of a motor vehicle sales person or a powersport salesperson may be denied
,revoked , or suspended on any of the following EXCEPT? - ANSWER-(A) advertising a
salvage vehicle while identifying the vehicle as salvage vehicle
A dealer is required to conspicuously display in there place of business the license of
each sale person employed by the dealer - ANSWER-(A)true
The license of a motor Sale person or powersport sale person me be denied, revoked or
suspended on any of the following ground except - ANSWER-(B) advertising a salvage
vehicle while identifying the vehicle as salvage
A new motor vehicle has three of the following characteristics. Which one
doesn't it have? - ANSWER-(B) title
Which of the following step are required to properly and legally repossess a motor
vehicle - ANSWER-(A) effect a lien creating a security interest
