State of Colorado Sales License Test 2026 With
correct Answers
Licensed dealers may sell which of the following on Sundays? - ANSWER>>The
selling of boat trailers and snowmobile are exempt
Which of the following steps are required to properly and legally repossess a
motor vehicle? - ANSWER>>effect a lien creating a security interest, Allow the
required payment to default (become at least 10 days late), send or hand deliver
a "right to cure" letter to the debtor and allow the debtor 20 days to cure
An advertisement may include - ANSWER>>licensed name with the word DEALER
which of the following is a used vehicle? - ANSWER>>any vehicle that has been
previously bought a demo vehicle with 1500 miles
Which of the following are deceptive trade practices? - ANSWER>>All of the
above
Bait and switch
How many temp permits may a dealer issue for each roadworthy vehicle sold? -
ANSWER>>1
An extension can only be issued but the DMV
, Depot plates may be used during normal business hours to transport a motor
vehicle - ANSWER>>all of the above
All plates
Three of the following are required when a dealer is advertising a lease of a motor
vehicle with a payment amount - ANSWER>>~Amount or percentage of the down
payment
~terms of repayment (car payment date)
~Annual percentage rate (interest rate of the loan)
which is NOT required when advertising a lease? - ANSWER>>disclosing the cost
of lease vs purchasing
Prominently and conspicuously display the ? - ANSWER>>FTC Buyer's
Guide
A temp registration permit may be issued: - ANSWER>>-for 60 days in a B2C sale-
for 7 days in a B2B sale
Motor Vehicle salesmen are required to have a surety bond in the amount of $30k
- ANSWER>>False, $15,000
If a salesperson leaves a dealership during the licensing year and becomes
employed at another dealership they must acquire a new license for the
unexpired portion of their returned license from the board - ANSWER>>TRUE
A Motor Vehicle salesperson may work for more than 1 dealership during one
year - ANSWER>>TRUE
All Motor Vehicle dealers and dealers must post a clear legible sign on their place
of business if: - ANSWER>>they will be open less than 40 hours per week
correct Answers
Licensed dealers may sell which of the following on Sundays? - ANSWER>>The
selling of boat trailers and snowmobile are exempt
Which of the following steps are required to properly and legally repossess a
motor vehicle? - ANSWER>>effect a lien creating a security interest, Allow the
required payment to default (become at least 10 days late), send or hand deliver
a "right to cure" letter to the debtor and allow the debtor 20 days to cure
An advertisement may include - ANSWER>>licensed name with the word DEALER
which of the following is a used vehicle? - ANSWER>>any vehicle that has been
previously bought a demo vehicle with 1500 miles
Which of the following are deceptive trade practices? - ANSWER>>All of the
above
Bait and switch
How many temp permits may a dealer issue for each roadworthy vehicle sold? -
ANSWER>>1
An extension can only be issued but the DMV
, Depot plates may be used during normal business hours to transport a motor
vehicle - ANSWER>>all of the above
All plates
Three of the following are required when a dealer is advertising a lease of a motor
vehicle with a payment amount - ANSWER>>~Amount or percentage of the down
payment
~terms of repayment (car payment date)
~Annual percentage rate (interest rate of the loan)
which is NOT required when advertising a lease? - ANSWER>>disclosing the cost
of lease vs purchasing
Prominently and conspicuously display the ? - ANSWER>>FTC Buyer's
Guide
A temp registration permit may be issued: - ANSWER>>-for 60 days in a B2C sale-
for 7 days in a B2B sale
Motor Vehicle salesmen are required to have a surety bond in the amount of $30k
- ANSWER>>False, $15,000
If a salesperson leaves a dealership during the licensing year and becomes
employed at another dealership they must acquire a new license for the
unexpired portion of their returned license from the board - ANSWER>>TRUE
A Motor Vehicle salesperson may work for more than 1 dealership during one
year - ANSWER>>TRUE
All Motor Vehicle dealers and dealers must post a clear legible sign on their place
of business if: - ANSWER>>they will be open less than 40 hours per week
