State of Colorado Sales License Test EXAM Questions And Answers 2024
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State Of Colorado Sales License
Institution
State Of Colorado Sales License
State of Colorado Sales License Test EXAM Questions And Answers 2024 Three of the following types of motor vehicles are exempt from the truth in mileage act. - answer~Vehicles 10 years old or older~Vehicles having a gross empty weight more than 10,000 lbs~Vehicles not self propelled (Trailers) The ...
1.Three of the following types of motor vehicles are exempt from the truth in
mileage act.: Answer- ~Vehicles 10 years old or older~Vehicles having a
gross empty weight more than 10,000 lbs~Vehicles not self propelled
(Trailers)
2.The definition of a used motor vehicle dealer or used dealer includes
which of the following?: 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
3.The Motor Vehicle Board is authorized and empowered to:: Answer- All Of
The Above
~Amend and repeal rules, regulations and previsions
4.When advertising a specific number of motor vehicles, that same
number of vehicles must be invoiced to the dealer: Answer- TRUE
5.bait and switch is: Answer- ad that attracts consumers with a low-
priced product, then tries to sell them a higher-priced product
6.Selling, Leasing, Trade-In, with option to purchase, offering or negotiating
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,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-
: TRUE
7.By obtaining an off-premise permit, dealers may sell motor vehicles at
another location on Sunday: FALSE - NO Sale of vehicle should be
done on Sundays
8.Which of the following statements is true regarding dealer demo plates?:
a demo drive cannot exceed 7 days
9.Colorado Lemon Law includes:: defects that substantially impair the
market value of the vehicle
10.Motor vehicle insurance is required:: for all registered vehicles
intended for use on colorado roads
11.Which is true regarding in-transit plates?: 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
12.Licensed dealers may sell which of the following on Sundays?: The
selling of boat trailers and snowmobile are exempt
13.Which of the following steps are required to properly and legally
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, repossess a motor vehicle?: 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 cure" letter to the debtor and allow the
debtor 20 days to cure
14.An advertisement may include: licensed name with the word DEALER
15. which of the following is a used vehicle?: any vehicle that has been
previously bought a demo vehicle with 1500 miles
16.Which of the following are deceptive trade practices?: All of the
above Bait and switch
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