State of Colorado Sales License Test 107 Questions and Verified Answers (GRADED A)

State of Colorado Sales License Test 107 Questions and Verified Answers (GRADED A)

Three of the following types of motor vehicles are exempt from the truth in mileage act.
~Vehicles 10 years old or older~Vehicles having a gross empty weight more than 10,000
lbs~Vehicles not self propelled (Trailers)
The definition of a used motor vehicle dealer or used 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 to make a profit or gain
The Motor Vehicle Board is authorized and empowered to:
All Of The Above
~Amend and repeal rules, regulations and previsions
When advertising a specific number of motor vehicles, that same number of vehicles must be
invoiced to the dealer
TRUE
bait and switch is
ad that attracts consumers with a low-priced product, then tries to sell them a higher-priced
product
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
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
Which of the following statements is true regarding dealer demo plates?