State of Colorado Sales License Test questions with answers

State of Colorado Sales License Test
|\ |\ |\ |\ |\ |\




questions with answers |\ |\




Three of the following types of motor vehicles are exempt from
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\


the truth in mileage act. - CORRECT ANSWERS ✔✔~Vehicles 10
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\


years old or older~Vehicles having a gross empty weight more
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\


than 10,000 lbs~Vehicles not self propelled (Trailers)
|\ |\ |\ |\ |\ |\




The definition of a used motor vehicle dealer or used dealer
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\


includes which of the following? - CORRECT ANSWERS ✔✔a
|\ |\ |\ |\ |\ |\ |\ |\ |\


person who attempts to negotiate a sale or lease of a used motor
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\


vehicle or powersports vehicle with the intent to make a profit or
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\


gain
|\




The Motor Vehicle Board is authorized and empowered to: -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\


CORRECT ANSWERS ✔✔All Of The Above |\ |\ |\ |\ |\




~Amend and repeal rules, regulations and previsions
|\ |\ |\ |\ |\ |\




When advertising a specific number of motor vehicles, that same
|\ |\ |\ |\ |\ |\ |\ |\ |\


number of vehicles must be invoiced to the dealer - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\


ANSWERS ✔✔TRUE |\




bait and switch is - CORRECT ANSWERS ✔✔ad that attracts
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\


consumers with a low-priced product, then tries to sell them a
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\


higher-priced product |\

,Selling, Leasing, Trade-In, with option to purchase, offering or
|\ |\ |\ |\ |\ |\ |\ |\ |\


negotiating and exchange of interest in 3+ vehicles in any 1 year
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\


is prima facie evidence that a person is engaged in the business
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\


of selling or leasing motor vehicles - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\


✔✔TRUE


By obtaining an off-premise permit, dealers may sell motor
|\ |\ |\ |\ |\ |\ |\ |\ |\


vehicles at another location on Sunday - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\


✔✔FALSE - NO Sale of vehicle should be done on Sundays
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\




Which of the following statements is true regarding dealer demo
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\


plates? - CORRECT ANSWERS ✔✔a demo drive cannot exceed 7
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\


days


Colorado Lemon Law includes: - CORRECT ANSWERS ✔✔defects
|\ |\ |\ |\ |\ |\ |\ |\


that substantially impair the market value of the vehicle
|\ |\ |\ |\ |\ |\ |\ |\




Motor vehicle insurance is required: - CORRECT ANSWERS ✔✔for
|\ |\ |\ |\ |\ |\ |\ |\ |\


all registered vehicles intended for use on colorado roads
|\ |\ |\ |\ |\ |\ |\ |\




Which is true regarding in-transit plates? - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\


✔✔in-transit plates may be used to transport vehicles from point
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\


of purchase to point of storage or from point of storage to point
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\


of sale
|\




Licensed dealers may sell which of the following on Sundays? -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\


CORRECT ANSWERS ✔✔The selling of boat trailers and
|\ |\ |\ |\ |\ |\ |\ |\


snowmobile are exempt |\ |\

, Which of the following steps are required to properly and legally
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\


repossess a motor vehicle? - CORRECT ANSWERS ✔✔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 - CORRECT ANSWERS ✔✔licensed
|\ |\ |\ |\ |\ |\ |\ |\


name with the word DEALER
|\ |\ |\ |\




which of the following is a used vehicle? - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\


✔✔any vehicle that has been previously bought a demo vehicle
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\


with 1500 miles |\ |\




Which of the following are deceptive trade practices? - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\


ANSWERS ✔✔All of the above |\ |\ |\ |\




Bait and switch|\ |\




How many temp permits may a dealer issue for each roadworthy
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\


vehicle sold? - CORRECT ANSWERS ✔✔1
|\ |\ |\ |\ |\




An extension can only be issued but the DMV
|\ |\ |\ |\ |\ |\ |\ |\




Depot plates may be used during normal business hours to
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\


transport a motor vehicle - CORRECT ANSWERS ✔✔all of the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\


above
All plates|\