State of Colorado Sales License Test |Questions With Correct & Verified Answers (RATED A) 2024|2025

State of Colorado Sales License Test |Questions With Correct & Verified Answers (RATED A) 2024|2025 Three of the following types of motor vehicles are exempt from the truth in mileage act. Correct Answer ~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 Answer 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 Answer 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 Answer TRUE bait and switch is Correct Answer 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 Answer TRUE By obtaining an off-premise permit, dealers may sell motor vehicles at another location on Sunday Correct Answer FALSE - NO Sale of vehicle should be done on Sundays Which of the following statements is true regarding dealer demo plates? Correct Answer a demo drive cannot exceed 7 days Colorado Lemon Law includes: Correct Answer defects that substantially impair the market value of the vehicle Motor vehicle insurance is required: Correct Answer for all registered vehicles intended for use on colorado roads Which is true regarding in-transit plates? Correct Answer 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 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? Correct 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 cur