COLORADO SALES MASTERY STUDY GUIDE
2026 FULL QUESTIONS WITH CORRECT
SOLUTIONS GRADED A+
⩥ he Motor Vehicle Dealer Board is authorized and empowered to:
Answer: d. all of the above
⩥ Dealers may be administratively fined by the Dealer Board up to what
amount foreach separate offense?
Answer: shall not exceed ten thousand dollars for each separate offense
⩥ New and used motor vehicle dealers, wholesalers and wholesale
auction dealers arerequired to have a surety bond in the amount of ?
Answer: $50,000 for Dealer/Wholesaler
⩥ 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 sameaddress 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
⩥ Three of the following are characteristics of an off-premise permit.
Which one isnot?
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
suspendedon the following grounds except:
Answer: advertising a salvaged vehicle that identifies that vehicle as a
salvage vehicle
2026 FULL QUESTIONS WITH CORRECT
SOLUTIONS GRADED A+
⩥ he Motor Vehicle Dealer Board is authorized and empowered to:
Answer: d. all of the above
⩥ Dealers may be administratively fined by the Dealer Board up to what
amount foreach separate offense?
Answer: shall not exceed ten thousand dollars for each separate offense
⩥ New and used motor vehicle dealers, wholesalers and wholesale
auction dealers arerequired to have a surety bond in the amount of ?
Answer: $50,000 for Dealer/Wholesaler
⩥ 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 sameaddress 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
⩥ Three of the following are characteristics of an off-premise permit.
Which one isnot?
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
suspendedon the following grounds except:
Answer: advertising a salvaged vehicle that identifies that vehicle as a
salvage vehicle
