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Colorado State Sales License Exam: 100+ Questions and Answers, Exams of Sales Management

University of Colorado - Colorado Springs (UCCS)Sales Management

A comprehensive set of questions and answers covering the 2025 colorado state sales license exam. It covers various aspects of motor vehicle sales, including dealer regulations, advertising requirements, consumer protection, and lemon law provisions. A valuable resource for individuals preparing for the exam, offering insights into key concepts and potential test questions.

Typology: Exams

2024/2025

Available from 04/09/2025

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2025 STATE OF COLORADO SALES LICENSE
EXAM /ACTUAL 100+Qs&As|UPDATED
2025/2026
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
and exchange of interest in 3+ vehicles in any 1 year is prima facie evidence that a
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Download Colorado State Sales License Exam: 100+ Questions and Answers and more Exams Sales Management in PDF only on Docsity!

2025 STATE OF COLORADO SALES LICENSE

EXAM /ACTUAL 100+Qs&As|UPDATED

  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 asale 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 OfThe 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 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

  1. By obtaining an off-premise permit, dealers may sell motor vehicles at another location on Sunday: FALSE - NO Sale of vehicle should bedone on Sundays
  2. Which of the following statements is true regarding dealer demo plates?: a demo drive cannot exceed 7 days
  3. Colorado Lemon Law includes:: defects that substantially impair themarket value of the vehicle
  4. Motor vehicle insurance is required:: for all registered vehiclesintended for use on colorado roads
  5. Which is true regarding in-transit plates?: in-transit plates may be usedto transport vehicles from point of purchase to point of storage or from point of storage to point of sale
  6. Licensed dealers may sell which of the following on Sundays?: The selling of boat trailers and snowmobile are exempt

motor vehicle with a payment amount: ~Amount or percentage of thedown payment ~terms of repayment (car payment date) ~Annual percentage rate (interest rate of the loan)

  1. which is NOT required when advertising a lease?: disclosing the cost oflease vs purchasing
  2. Prominently and conspicuously display the ?: FTC Buyer's Guide
  3. A temp registration permit may be issued:: - for 60 days in a B2C sale-for 7 days in a B2B sale
  4. Motor Vehicle salesmen are required to have a surety bond in the

amount of $30k: False, $15,

  1. If a salesperson leaves a dealership during the licensing year and becomes employed at another dealership they must acquire a new licensefor the unexpired portion of their returned license from the board: TRUE
  2. A Motor Vehicle salesperson may work for more than 1 dealershipduring one year: TRUE
  3. All Motor Vehicle dealers and dealers must post a clear legible sign on their place of business if:: they will be open less than 40 hours per week
  4. A Motor vehicle salesman can be personally liable for any proven claimor judgement in excess of their surety bond: TRUE
  5. Licensed Motor vehicle dealers: must be open for business at leastthree (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.
  6. The license of a new or used dealer/wholesale/auctioneer/ may be de- nied/suspended/revoked/fined for all the following except:: attempting tonego- tiate the sale or lease of a Motor vehicle with intent to make profit or gain

preparation charges

  1. Which must remain in the window of a new motor vehicle until its sold to the ultimate purchaser?: Moroney label
  2. A Motor vehicle dealer, wholesaler, or salesperson must give Dealer Board written notice of: If hours of business are going to change
  1. Motor vehicles with demo plates may be loaned to charity organizations and celebrities: False
  2. Which is a false statement regarding dealers and buyers: A dealer mustoffer a warranty on all motor vehicles sold
  3. in addition to possible dealer bond sanctions, if a dealer/salespersonuses bait & switch it is a class 2 misdemeanor with 12 months maximum jailtime and $1, fine or both: TRUE
  4. What is the highest fine per offense the dealer board may impose on dealers who sell vehicles less than 1500 lbs?: $
  5. The license of a Motor vehicle salesperson or PWSPT may be denied/re- voked/suspended on any of the following grounds except: improperly withhold- ing/misappropriating/converting to ones own use any money belonging to customers or any persons received in employment as a salesperson
  6. according to Colorado law which does NOT need to be licensed as amotor vehicle dealer?: All of the above
  7. The Motor Vehicle Dealer Board does NOT have among its members:: Three employees from the dept. of revenue
  8. A buyer agent: is retained or hired by a consumer to

above

  • propose fees
  • order hearing
  • investigate
  1. the following must be conspicuously displayed in the dealers placeof business?: all of the above
  • license of dealer
  • salesmen licenses
  • name of dealership license
  1. Records of vehicle transfers and odometer statements must be kept for 5 years: TRUE
  2. An advertisement would NOT include: a salesperson's verbal statementof the MSRP
  3. A dealer is not responsible for taking written action to attempt to correct a misleading advertisement placed by a manufacturer if the advertisement contains the dealers name: False
  4. Which is true of the Colorado Lemon Law?: "a reasonable number ofat- tempts" to repair applied when the motor vehicle has been out of service for repairs a cumulative total of 30 or more business days during the warranty term or 1 year from date of delivery
  5. When advertising terms price conditions of sale of a car, dealers may use the term:: "With approved credit"

three employees from the enforcement division

  1. Three of the following are characteristics of an off-premise permit.. Which one is not?: The permit cannot exceed six days except for the national western stock show, the Colorado state fair, greely stampede 73.Which of the following is a true statement regarding dealers and buyers?:a dealer shall clearly indicate on the costumer contract when a vehiclesold "as is" and without a guarantee 74.When advertising a specific number of motor vehicles that same number of vehicles must have been invoiced to the dealer: True 75.When a salesperson leaves a dealer, that dealer must do all of the following except: immediately employ a new salesperson, licensed or not76.The license of a motor vehicle salesperson or a powersports salesperson may be denied, revoked, or suspended on any of the following grounds ex- cept:: using point of sale literature in advertising 77.A new or used motor vehicle dealer may legally do which of the following with a temporary permit?: issue a permit upon the sale of amotor vehicle to another dealer 78.A new motor vehicle has three of the following characteristics. Which one doesn't it have?: A title

79.A dealer wholesaler or salespersons convicted of any felony or anycrime.. Has how many days to report conviction?: 30 Days

  1. The definition of a used mother vehicle dealer or used powersports dealer includes which of the following ?: A person who attempts to negotiate a sale or lease of a used motor vehicle or powersports vehicle with the intent tomake a profit or gain
  2. Wholesalers:: must use a name other than their personal name on allbusiness documents 82.A dealer is required to have on file the licenses of each of their employed salespersons but need not display them in their place ofbusiness: False 83.A dealer must take in the title in their own name before selling a car toa retail customer: False 84.A salesperson can change dealerships during the licensing year provided that the correct form and fee is submitted to the board such salesperson may begin work as a motor vehicle salespersons or powersports salesperson while awaiting a new license from the board: False 85.Which of the following is acceptable proof of ownership of a motorvehicle for a Colorado dealer?: A vehicle subject to a lien on the tile86.Records of

certificate of title has been issued 88.A motor vehicle dealer is responsible for:: all of the above89.An advertisement would include: All of the above 90.Which of the following is a deceptive trade practice?: All of the above91.Demo plates can be displayed on vehicles that are used by the dealership for any commercial purpose: True

  1. Which of the following does not fit the definition of a motor vehicle dealer- : someone who sells motor vehicles solely to wholesalers
  2. Depot plates may be used during normal business hours to transporta motor vehicle: All of the above
  3. By definition an advertisement may include any commercial message onany computer display or window, display which is delivered or made available to a customer or prospective customer in any manner whatsoever:True
  4. The federal odometer law declares that it is unlawful to do any of the following except: to operate a motor vehicle on any street, withthe intent to defraud, knowing that the odometer is disconnected
  5. Dealer demo plates may be used on motor vehicles: properly assigned

in the name of the dealership

  1. New and used motor vehicle dealers, powersports dealers, and wholesale auction dealers are required to have a surety bond: All of theabove
  2. Motor vehicle and powersport salespeople are required to have asurety bond in the amount of :: $15,
  3. Which of the following steps are require to properly and legally repossess a mother vehicle: Effect a lien creating a security interest
  4. Which of the following motor vehicles may be sold on Sundays?: Snow- mobiles
  5. Which of the following is considered a violation of the truth in mileage act?: upon service, repair, or replacement, resetting the odometer to zero when the odometer is incapable of registering thesame mileage at the time of replacement
  6. All motor vehicle dealers and powersports dealers must be open:: A minimum of 12 hours per week
  7. Full-use dealer plates can be displayed on all vehicles owned and offered for sale by a dealer or wholesaler, except those that are used on tow vehicles or parts delivery/pickup vehicles.: FALSE
  1. Which of the following is true regarding depot plates?: depotplates may be used by a dealer to road test a vehicle after repair
  2. Motor vehicle dealers, powersports dealers, used motor vehicle dealers, used powersports dealers, or wholesalers are not required to reportto the dealer board:: any change in the hours of operation of the business when the business continues full time