State Of Colorado Sales License Exam Questions And Answers - 2024

Licensed dealers may sell which of the following on Sundays? {Ans: The selling of boat trailers and snowmobile are exempt}Three of the following are required when a dealer is advertising a lease of a motor vehicle with a payment amount {Ans: ~Amount or percentage of the down payment ~terms of repayment (car payment date) ~Annual percentage rate (interest rate of the loan)}A salesperson can change dealerships during the licensing year provided that the correct form and fee is submitted to the board such sales person may begin work as a motor vehicle salespersons or powersports salesperson while awaiting a new license from the board {Ans: False}How many temp permits may a dealer issue for each roadworthy vehicle sold? {Ans: 1 An extension can only be issued but the DMV}The Motor Vehicle Board is authorized and empowered to: {Ans: All Of The Above ~Amend and repeal rules, regulations and previsions}Which of the following is a true statement regarding dealers and buyers? {Ans: a dealer shall clearly indicate on the costumer contract when a vehicle sold "as is" and without a guarantee}