STATE OF COLORADO CAR SALES LICENSE TEST

STATE OF COLORADO CAR SALES LICENSE TEST

ACTUAL EXAM LATEST TEST WITH 100 ACTUAL

EXAM QUESTIONS AND CORRECT ANSWERS

(GRADED A+) COLORADO CAR SALES MASTERY

TEST

Depot plates may be used during normal business hours to transport a motor vehicle - ANSWER ✔(D) all the above The license of a motor vehicle sales person or a powersport salesperson may be denied ,revoked , or suspended on any of the following EXCEPT? - ANSWER ✔(A) advertising a salvage vehicle while identifying the vehicle as salvage vehicle A dealer is required to conspicuously display in there place of business the license of each sale person employed by the dealer - ANSWER ✔(A)true The license of a motor Sale person or powersport sale person me be denied, revoked or suspended on any of the following ground except - ANSWER ✔(B) advertising a salvage vehicle while identifying the vehicle as salvage A new motor vehicle has three of the following characteristics. Which one doesn't it have? - ANSWER ✔(B) title Which of the following step are required to properly and legally repossess a motor vehicle - ANSWER ✔(A) effect a lien creating a security interest A dealer is responsible for taking written actions to attempt to correct a misleading advertisement placed by a manufacturer if the advertisement contains the dealer name - ANSWER ✔(B) False RATED

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A sales person can change dealer ship during a license year provided that a change of employer notification form and fee is summited to the board. It is unlawful for such a sales person to act as a motor vehicle sales person of power sport sale person until a new liscenes is procured - ANSWER ✔False All motor vehicle dealer and powersport dealer must post clear , legible signs on their principle place of businesses if? - ANSWER ✔(B) if they will be open less than 40 hour per week The motor vehicle dealer board is authorizing and empowered to - ANSWER ✔(D) all the above -amends and repeal rules, regulation and prevision If a dealer receive more than 10,000 cash in a single transaction, they must - ANSWER ✔(A) file a federal form with the internal revenue with thin 15 days Three of the following are required when a dealer is advertising a lease of motor vehicles or powersport vehicle with a payment amount, which is not required - ANSWER ✔-amount or percentage down payment -terms of repayment (car payment date) Annul percentage rate( interest rate and loan ) The liscnese of a new or used dealer, whole sale auction or wholesale dealer maybe denied suspended revoke or fined for all the following except - ANSWER ✔Attempting to negotiate the sale or lease or a motor vehicle with the intent to make profit The listener of a motor vehicle sale person or a powersport sale person maybe denied revoked or suspended on the following grounds - ANSWER ✔-unfitness of character -breaking the law -false info Ect Advertisement would include - ANSWER ✔Licensee name with the world dealer Or All the above By obtaining an off person permit , dealer may sell motor vehicle at another location on a sunday -

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