State of Colorado sales license test (pearls ) with Answers
1. On Sunday(s), dealers are prohibited from selling all of the following ex-
cept?: ( C) Powersport Vehicles
2. The licenses of a new or used dealer, wholesale auction dealer, or whole
sales may be denied, suspended, revoked or fined for the following:: (D) All of
the above
3. Colorado's Lemon Law covers:: (C) defects that substantially impair market
vale of a vehicle
4. Local law enforcement agencies must be notified with thin four hours after
repossession of a motor vehicle occurs: (B) False it's 1 hour
5. The Buyer guide, or "as is" sticker must be?: (B) Provided by another language
than English if the transact is being conducted in another language than English
6. The only items that can be added to an advertised price are: (A) dealers
handling and preparation charges
7. Dealers must either be self-insured or have insurance for their vehicles: (A)
true
8. Is it acceptable for a licensed dealer to place an advertisement using only
the name "ABC Enterprise"?.: (B) False is has to say ABC enterprise dealership
9. A dealer has how many days to deliver or facilitate delivery of title from the
date
of sale?: (D) 30 days
10. According to Colorado law , motor vehicle leasing company do NOT need
a motor vehicle dealers license: (B) False
11. 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?: (C) amount of percentage of the down payment
12. Three of the following are deceptive trade of practices. Which one of the
following is Not?: (D) delivering goods as promised
13. Member of motor vehicle dealer board must: (C) be a resident of the state for
at least 5 years
14. Depot plates may be used during normal business hours to transport a
motor vehicle: (D) all the above
15. The license of a motor vehicle sales person or a powersport salesperson
may be denied ,revoked , or suspended on any of the following EXCEPT?: (A)
advertising a salvage vehicle while identifying the vehicle as salvage vehicle
16. A dealer is required to conspicuously display in there place of business
the license of each sale person employed by the dealer: (A)true
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1. On Sunday(s), dealers are prohibited from selling all of the following ex-
cept?: ( C) Powersport Vehicles
2. The licenses of a new or used dealer, wholesale auction dealer, or whole
sales may be denied, suspended, revoked or fined for the following:: (D) All of
the above
3. Colorado's Lemon Law covers:: (C) defects that substantially impair market
vale of a vehicle
4. Local law enforcement agencies must be notified with thin four hours after
repossession of a motor vehicle occurs: (B) False it's 1 hour
5. The Buyer guide, or "as is" sticker must be?: (B) Provided by another language
than English if the transact is being conducted in another language than English
6. The only items that can be added to an advertised price are: (A) dealers
handling and preparation charges
7. Dealers must either be self-insured or have insurance for their vehicles: (A)
true
8. Is it acceptable for a licensed dealer to place an advertisement using only
the name "ABC Enterprise"?.: (B) False is has to say ABC enterprise dealership
9. A dealer has how many days to deliver or facilitate delivery of title from the
date
of sale?: (D) 30 days
10. According to Colorado law , motor vehicle leasing company do NOT need
a motor vehicle dealers license: (B) False
11. 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?: (C) amount of percentage of the down payment
12. Three of the following are deceptive trade of practices. Which one of the
following is Not?: (D) delivering goods as promised
13. Member of motor vehicle dealer board must: (C) be a resident of the state for
at least 5 years
14. Depot plates may be used during normal business hours to transport a
motor vehicle: (D) all the above
15. The license of a motor vehicle sales person or a powersport salesperson
may be denied ,revoked , or suspended on any of the following EXCEPT?: (A)
advertising a salvage vehicle while identifying the vehicle as salvage vehicle
16. A dealer is required to conspicuously display in there place of business
the license of each sale person employed by the dealer: (A)true
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