State of Colorado Sales License Test Combination Set
Explained.
motor vehicle dealers, powerspoert dealers used power sports dealers -
accurate answers-any change in the hours of operation o business when it
continues to operate full time
the definition o used motor vehicle dealer or used power sports - accurate
answers-a person who attempts to negotiate a sale or lease of a of a used MV
or PWSP vehicle for profit
when advertising a specific number of motor vehicles, that - accurate
answers-True
selling , Leasing , exchanging, renting with option to purchase - accurate
answers-True
selling leasing exchanging, renting with option to purchase - accurate
answers-True
By obtaining an off premise permit, dealers may sell motor vehicle at -
accurate answers-False
which of the following statements is true regarding dealer demo - accurate
answers-a demo drive cannot exceed 7 days
CO lemon law includes - accurate answers-Defects that substantially impair
the market value of the vehicle
motor vehicle insurance is required - accurate answers-Vor all registrieren
vehicles intended for use on Colorado roads
which is true regarding in transit plates? - accurate 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 power sport dealers may sell which of the following on - accurate
answers-A powersport vehicle
,which of the following steps are required to properly and legally - accurate
answers-effect a lien creating a security interest
An advertisement include - accurate answers-All of the above
which of the following is a used vehicle? - accurate answers-a demo vehicle
with 1300 miles
which of the following are deceptive trade practices? - accurate answers-all of
the above
how many temp permits may a dealer issue for each roadworthy vehicle -
accurate answers-1
depot plates may be used during normal business hours to transport -
accurate answers-all of the above
three of the following are required when a dealer is advertising a lease -
accurate answers-disclosing the cost of lease vs purchasing
prominently and conspicuously display? - accurate answers-Buyer's guide
a temp registration permit may be issued - accurate answers-for 60 days
The Motor Vehicle Dealer Board is authorized and empowered to: - accurate
answers-issue or deny motor vehicle dealer and salesperson licenses
he Motor Vehicle Dealer Board is authorized and empowered to: - accurate
answers-d. all of the above
Dealers may be administratively fined by the Dealer Board up to what amount
foreach separate offense? - accurate answers-shall not exceed ten thousand
dollars for each separate offense
New and used motor vehicle dealers, wholesalers and wholesale auction
dealers are required to have a surety bond in the amount of ? - accurate
answers-$50,000 for Dealer/Wholesaler
,Motor vehicle salespersons are required to have a surety bond in the amount
of? - accurate answers-$15,000
Selling ___ or more vehicles or offering for sale more than ___ vehicles at the
same address or telephone number in any one calendar year, shall be prima
facie evidence that - accurate answers-A person is engaged in the business of
selling motor vehicles.
The definition of a used motor vehicle dealer includes which of the following?
- accurate answers-"Used motor vehicle dealer" means any person who, for
commission or with intent to make a profit sells used cars.
Wholesalers may: - accurate answers-make a profit or gain selling to dealers
and wholesalers
Three of the following are characteristics of an off-premise permit. Which one
is not? - accurate answers-the permit could be used for a permanent second
location
All motor vehicle dealers and used motor vehicle dealers must be open -
accurate answers-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
suspended on the following grounds except: - accurate answers-advertising a
salvaged vehicle that identifies that vehicle as a salvage vehicle
The license of a motor vehicle salesperson may be denied, revoked, or
suspended on the following grounds except: - accurate answers-. not having a
valid Colorado drivers license
The license of a motor vehicle salesperson may be denied, revoked, or
suspended on the following grounds except - accurate answers-to engage as a
licensee without having in force a good and sufficient bond with corporate
surety
A dealer, wholesaler or salesperson who is convicted of any felony or any
crime pursuant to Article 3, 4 or 5 of Title 18, C.R.S. (felony or criminal
, misdemeanor) or likecrime pursuant to federal law or law of any other state
has _____ days to give the DealerBoard written notice of such conviction? -
accurate answers-thirty days after such conviction
When a salesperson voluntarily leaves or is discharged from a dealership, the
dealermust immediately return that salesperson's _________ to the Dealer
Board. - accurate answers-motor vehicle dealer or used motor vehicle dealer
who last employed the salesperson shallconfiscate and return such
salesperson's license to the board
A salesperson can change dealerships during the licensing year provided that
aChange of Employer Notification form is submitted to the Board. It is
unlawful for suchsalesperson to act as a motor vehicle salesperson until a new
_________ is procured. - accurate answers-It shall be unlawful for such
salesperson to act as amotor vehicle salesperson until a new license is
procured.
A buyer agent may: - accurate answers-be retained or hired by a consumer to
assist, represent, or act on behalf of such
A new motor vehicle has three of the following characteristics. Which
onedoesn't it have? - accurate answers-motor vehicle that is titled
Which of the following would always indicate a motor vehicle is used? -
accurate answers-a vehicle that is titled
Since 1985, the Federal Trade Commission's Used Car Rule has required that
dealersprominently and conspicuously display the __________________ on every
used car orlight truck offered for sale. This is also known as the "as is" sticker.
- accurate answers-Buyers Guide
three of the following are required when a dealer is advertising a lease of a
motorvehicle with a payment amount. Which one is not required? - accurate
answers-disclosing the cost of leasing versus the cost of purchasing.
An advertisement would include: - accurate answers-all of the above
Which of the following must be identified in advertising? - accurate answers-
all of the above
Explained.
motor vehicle dealers, powerspoert dealers used power sports dealers -
accurate answers-any change in the hours of operation o business when it
continues to operate full time
the definition o used motor vehicle dealer or used power sports - accurate
answers-a person who attempts to negotiate a sale or lease of a of a used MV
or PWSP vehicle for profit
when advertising a specific number of motor vehicles, that - accurate
answers-True
selling , Leasing , exchanging, renting with option to purchase - accurate
answers-True
selling leasing exchanging, renting with option to purchase - accurate
answers-True
By obtaining an off premise permit, dealers may sell motor vehicle at -
accurate answers-False
which of the following statements is true regarding dealer demo - accurate
answers-a demo drive cannot exceed 7 days
CO lemon law includes - accurate answers-Defects that substantially impair
the market value of the vehicle
motor vehicle insurance is required - accurate answers-Vor all registrieren
vehicles intended for use on Colorado roads
which is true regarding in transit plates? - accurate 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 power sport dealers may sell which of the following on - accurate
answers-A powersport vehicle
,which of the following steps are required to properly and legally - accurate
answers-effect a lien creating a security interest
An advertisement include - accurate answers-All of the above
which of the following is a used vehicle? - accurate answers-a demo vehicle
with 1300 miles
which of the following are deceptive trade practices? - accurate answers-all of
the above
how many temp permits may a dealer issue for each roadworthy vehicle -
accurate answers-1
depot plates may be used during normal business hours to transport -
accurate answers-all of the above
three of the following are required when a dealer is advertising a lease -
accurate answers-disclosing the cost of lease vs purchasing
prominently and conspicuously display? - accurate answers-Buyer's guide
a temp registration permit may be issued - accurate answers-for 60 days
The Motor Vehicle Dealer Board is authorized and empowered to: - accurate
answers-issue or deny motor vehicle dealer and salesperson licenses
he Motor Vehicle Dealer Board is authorized and empowered to: - accurate
answers-d. all of the above
Dealers may be administratively fined by the Dealer Board up to what amount
foreach separate offense? - accurate answers-shall not exceed ten thousand
dollars for each separate offense
New and used motor vehicle dealers, wholesalers and wholesale auction
dealers are required to have a surety bond in the amount of ? - accurate
answers-$50,000 for Dealer/Wholesaler
,Motor vehicle salespersons are required to have a surety bond in the amount
of? - accurate answers-$15,000
Selling ___ or more vehicles or offering for sale more than ___ vehicles at the
same address or telephone number in any one calendar year, shall be prima
facie evidence that - accurate answers-A person is engaged in the business of
selling motor vehicles.
The definition of a used motor vehicle dealer includes which of the following?
- accurate answers-"Used motor vehicle dealer" means any person who, for
commission or with intent to make a profit sells used cars.
Wholesalers may: - accurate answers-make a profit or gain selling to dealers
and wholesalers
Three of the following are characteristics of an off-premise permit. Which one
is not? - accurate answers-the permit could be used for a permanent second
location
All motor vehicle dealers and used motor vehicle dealers must be open -
accurate answers-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
suspended on the following grounds except: - accurate answers-advertising a
salvaged vehicle that identifies that vehicle as a salvage vehicle
The license of a motor vehicle salesperson may be denied, revoked, or
suspended on the following grounds except: - accurate answers-. not having a
valid Colorado drivers license
The license of a motor vehicle salesperson may be denied, revoked, or
suspended on the following grounds except - accurate answers-to engage as a
licensee without having in force a good and sufficient bond with corporate
surety
A dealer, wholesaler or salesperson who is convicted of any felony or any
crime pursuant to Article 3, 4 or 5 of Title 18, C.R.S. (felony or criminal
, misdemeanor) or likecrime pursuant to federal law or law of any other state
has _____ days to give the DealerBoard written notice of such conviction? -
accurate answers-thirty days after such conviction
When a salesperson voluntarily leaves or is discharged from a dealership, the
dealermust immediately return that salesperson's _________ to the Dealer
Board. - accurate answers-motor vehicle dealer or used motor vehicle dealer
who last employed the salesperson shallconfiscate and return such
salesperson's license to the board
A salesperson can change dealerships during the licensing year provided that
aChange of Employer Notification form is submitted to the Board. It is
unlawful for suchsalesperson to act as a motor vehicle salesperson until a new
_________ is procured. - accurate answers-It shall be unlawful for such
salesperson to act as amotor vehicle salesperson until a new license is
procured.
A buyer agent may: - accurate answers-be retained or hired by a consumer to
assist, represent, or act on behalf of such
A new motor vehicle has three of the following characteristics. Which
onedoesn't it have? - accurate answers-motor vehicle that is titled
Which of the following would always indicate a motor vehicle is used? -
accurate answers-a vehicle that is titled
Since 1985, the Federal Trade Commission's Used Car Rule has required that
dealersprominently and conspicuously display the __________________ on every
used car orlight truck offered for sale. This is also known as the "as is" sticker.
- accurate answers-Buyers Guide
three of the following are required when a dealer is advertising a lease of a
motorvehicle with a payment amount. Which one is not required? - accurate
answers-disclosing the cost of leasing versus the cost of purchasing.
An advertisement would include: - accurate answers-all of the above
Which of the following must be identified in advertising? - accurate answers-
all of the above
