STATE OF COLORADO SALES LICENSE TEST 2025 ACTUAL EXAM
STATE OF COLORADO SALES LICENSE TEST 2025 ACTUAL EXAM
100 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) ||ALREADY GRADED A+||BRAND NEW VERSION!!
If a salesperson leaves a dealership during the licensing year and becomes employed at another
dealership they must acquire a new license for the unexpired portion of their returned license
from the board - ANSWER-TRUE
A Motor Vehicle salesperson may work for more than 1 dealership during one year - ANSWER-
TRUE
All Motor Vehicle dealers and dealers must post a clear legible sign on their place of business if:
- ANSWER-they will be open less than 40 hours per week
A Motor vehicle salesman can be personally liable for any proven claim or judgement in excess
of their surety bond - ANSWER-TRUE
Licensed Motor vehicle dealers - ANSWER-must be open for business at least three (3)days per
week for a continuous period of time
not less than four (4) hours per day between the hours of8 a.m. and 9 p.m.
The license of a new or used dealer/wholesale/auctioneer/ may be
denied/suspended/revoked/fined for all the following except: - ANSWER-attempting to
negotiate the sale or lease of a Motor vehicle with intent to make profit or gain
Federal odometer law declares it unlawful to do the following: - ANSWER-operate Motor vehicle
on any street with intent to defraud knowing the odometer is disconnected
A dealer has how many days to facilitate delivery from the date of sale? - ANSWER-30 Days
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, STATE OF COLORADO SALES LICENSE TEST 2025 ACTUAL EXAM
Which of the following is NOT proof of ownership for a Motor Vehicle for a CO dealer? -
ANSWER-a vehicle subject to a lien on the title
a dealers ad must contain the dealers licensed name and the words - ANSWER-Dealer
federal cash reporting requires dealers to file form 8300 with IRS within how many days of
receiving $10,000 cash? - ANSWER-15 days
Wholesalers may? - ANSWER-Sell to dealers and other wholesalers
or
Make a profit or gain selling to dealers and wholesalers
The license of a Motor vehicle salesman may be revoked/suspended on the following grounds: -
ANSWER-Violating any of the terms and provisions
The license of a Motor vehicle salesman may be revoked/suspended on all grounds EXCEPT: -
ANSWER-advertising a salvaged vehicle while identifying that vehicle as salvaged
The advertised price of a Motor vehicle must include: - ANSWER-dealer handling and
preparation charges
Which must remain in the window of a new motor vehicle until its sold to the ultimate
purchaser? - ANSWER-Moroney label
A Motor vehicle dealer, wholesaler, or salesperson must give Dealer Board written notice of -
ANSWER-If hours of business are going to change
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, STATE OF COLORADO SALES LICENSE TEST 2025 ACTUAL EXAM
Motor vehicles with demo plates may be loaned to charity organizations and celebrities -
ANSWER-False
Which is a false statement regarding dealers and buyers - ANSWER-A dealer must offer a
warranty on all motor vehicles sold
in addition to possible dealer bond sanctions, if a dealer/salesperson uses bait & switch it is a
class 2 misdemeanor with 12 months maximum jailtime and $1,000 fine or both - ANSWER-
TRUE
What is the highest fine per offense the dealer board may impose on dealers who sell vehicles
less than 1500 lbs? - ANSWER-$500
The license of a Motor vehicle salesperson or PWSPT may be denied/revoked/suspended on any
of the following grounds except - ANSWER-improperly
withholding/misappropriating/converting to ones own use any money belonging to customers
or any persons received in employment as a salesperson
according to Colorado law which does NOT need to be licensed as a motor vehicle dealer? -
ANSWER-All of the above
The Motor Vehicle Dealer Board does NOT have among its members: - ANSWER-Three
employees from the dept. of revenue
A buyer agent - ANSWER-is retained or hired by a consumer to assist/represent/act on behalf of
such consumer in connection with the purchase of lease of a Motor vehicle
Local law enforcement agencies must be notified within 4 hours after the repossession of a
Motor Vehicle - ANSWER-False
1 hour
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STATE OF COLORADO SALES LICENSE TEST 2025 ACTUAL EXAM
100 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) ||ALREADY GRADED A+||BRAND NEW VERSION!!
If a salesperson leaves a dealership during the licensing year and becomes employed at another
dealership they must acquire a new license for the unexpired portion of their returned license
from the board - ANSWER-TRUE
A Motor Vehicle salesperson may work for more than 1 dealership during one year - ANSWER-
TRUE
All Motor Vehicle dealers and dealers must post a clear legible sign on their place of business if:
- ANSWER-they will be open less than 40 hours per week
A Motor vehicle salesman can be personally liable for any proven claim or judgement in excess
of their surety bond - ANSWER-TRUE
Licensed Motor vehicle dealers - ANSWER-must be open for business at least three (3)days per
week for a continuous period of time
not less than four (4) hours per day between the hours of8 a.m. and 9 p.m.
The license of a new or used dealer/wholesale/auctioneer/ may be
denied/suspended/revoked/fined for all the following except: - ANSWER-attempting to
negotiate the sale or lease of a Motor vehicle with intent to make profit or gain
Federal odometer law declares it unlawful to do the following: - ANSWER-operate Motor vehicle
on any street with intent to defraud knowing the odometer is disconnected
A dealer has how many days to facilitate delivery from the date of sale? - ANSWER-30 Days
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, STATE OF COLORADO SALES LICENSE TEST 2025 ACTUAL EXAM
Which of the following is NOT proof of ownership for a Motor Vehicle for a CO dealer? -
ANSWER-a vehicle subject to a lien on the title
a dealers ad must contain the dealers licensed name and the words - ANSWER-Dealer
federal cash reporting requires dealers to file form 8300 with IRS within how many days of
receiving $10,000 cash? - ANSWER-15 days
Wholesalers may? - ANSWER-Sell to dealers and other wholesalers
or
Make a profit or gain selling to dealers and wholesalers
The license of a Motor vehicle salesman may be revoked/suspended on the following grounds: -
ANSWER-Violating any of the terms and provisions
The license of a Motor vehicle salesman may be revoked/suspended on all grounds EXCEPT: -
ANSWER-advertising a salvaged vehicle while identifying that vehicle as salvaged
The advertised price of a Motor vehicle must include: - ANSWER-dealer handling and
preparation charges
Which must remain in the window of a new motor vehicle until its sold to the ultimate
purchaser? - ANSWER-Moroney label
A Motor vehicle dealer, wholesaler, or salesperson must give Dealer Board written notice of -
ANSWER-If hours of business are going to change
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, STATE OF COLORADO SALES LICENSE TEST 2025 ACTUAL EXAM
Motor vehicles with demo plates may be loaned to charity organizations and celebrities -
ANSWER-False
Which is a false statement regarding dealers and buyers - ANSWER-A dealer must offer a
warranty on all motor vehicles sold
in addition to possible dealer bond sanctions, if a dealer/salesperson uses bait & switch it is a
class 2 misdemeanor with 12 months maximum jailtime and $1,000 fine or both - ANSWER-
TRUE
What is the highest fine per offense the dealer board may impose on dealers who sell vehicles
less than 1500 lbs? - ANSWER-$500
The license of a Motor vehicle salesperson or PWSPT may be denied/revoked/suspended on any
of the following grounds except - ANSWER-improperly
withholding/misappropriating/converting to ones own use any money belonging to customers
or any persons received in employment as a salesperson
according to Colorado law which does NOT need to be licensed as a motor vehicle dealer? -
ANSWER-All of the above
The Motor Vehicle Dealer Board does NOT have among its members: - ANSWER-Three
employees from the dept. of revenue
A buyer agent - ANSWER-is retained or hired by a consumer to assist/represent/act on behalf of
such consumer in connection with the purchase of lease of a Motor vehicle
Local law enforcement agencies must be notified within 4 hours after the repossession of a
Motor Vehicle - ANSWER-False
1 hour
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