COLORADO CAR SALES
PRACTICE TEST
COMPLETE 60
Question 1: What minimum score is required to pass Colorado's motor vehicle
salesperson Mastery Exam?
Choices:
1) 70% ()
2) 75% ()
3) 85% ()
4) 90% ()
Correct Answer: 85% ()
Explanation: Colorado requires a score of 85%. On a 60-question exam, 0.85 × 60 = 51 correct answers.Page 1
Question 2: What is the required surety bond amount for an individual Colorado
motor vehicle salesperson license?
Choices:
1) $5,000
2) $10,000
3) $15,000
4) $50,000
Correct Answer: $15,000
Explanation: A Colorado motor vehicle salesperson must maintain a $15,000 surety bond for the salesperson license.
Question 3: Before applying for an original Colorado motor vehicle salesperson
license, an applicant generally must �rst do what?
Choices:
1) Buy a dealership 2) Be employed by a licensed motor vehicle dealer 3) Own at least one vehicle for resale 4) Complete a two-year sales apprenticeship
Correct Answer: Be employed by a licensed motor vehicle dealer
Explanation: A salesperson is licensed in connection with an employing licensed dealer, so the applicant must �rst obtain employment with a licensed dealer.Page 2
Question 4: A licensed salesperson leaves Dealer A and plans to work for Dealer B.When may the salesperson begin sales activity for Dealer B?
Choices:
1) Immediately after verbally notifying Dealer A 2) As soon as Dealer B adds the salesperson to payroll 3) After the required change-of-employer process is completed and the salesperson's license is conspicuously displayed by Dealer B 4) Only after waiting 30 days Correct Answer: After the required change-of-employer process is completed and the salesperson's license is conspicuously displayed by Dealer B Explanation: A salesperson changing dealers must complete the required noti�cation/reissue process and may not engage in sales activity until the new dealer conspicuously displays the salesperson's license.
Question 5: Which composition correctly describes the Colorado Motor Vehicle
Dealer Board?
Choices:
1) Seven members: four dealers and three public members
2) Nine members: three licensed motor vehicle dealers, three licensed used motor vehicle dealers, and three public members
3) Nine members: six public members and three state employees
4) Twelve members: six dealers and six consumers
Correct Answer: Nine members: three licensed motor vehicle dealers, three licensed used motor vehicle dealers, and three public members Explanation: The Board has nine members: three licensed motor vehicle dealers, three licensed used motor vehicle dealers, and three public-at-large members.Page 3