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Automotive Sales Mastery License Colorado 2023-2024 Study Exam

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Automotive Sales Mastery License Colorado Study Exam Which of the following is an example of a "new" motor vehicle? 1. A farm tractor which ha snot been used 2. A motor vehicle which has been used for less than 4 months by a prior owner 3. A demonstration vehicle with 1300 miles 4. A motor vehicle titles in the name of a private party - CORRECT ANSWERWhich of the following is true about Colorao's Lemon Law? - CORRECT ANSWERA salesperson can change dealerships during the licensing ye...

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Sales Mastery Exam 2 2023-2024

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Sales Mastery Exam Which statements are TRUE about option contracts? I Calls go "out the money" when the market price rises above the strike price II Calls go "out the money" when the market price falls below the strike price III Puts go "out the money" when the market price rises above the strike price IV Puts go "out the money" when the market price falls below the strike price A I and III B I and IV C II and III D II and IV - CORRECT ANSWER-The best answer is C. An "ou...

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Car Sales Mastery Colorado Elaborated Questions and Answers 2023/2024

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Car Sales Mastery Colorado Elaborated Questions and Answers 2023/2024 The License of a motor vehicle salesperson or a power sports salesperson may be denied revoked, or suspended on any of the following grounds except: - CORRECT ANSWER-Advertising a salvage vehicle while identifying the vehicle as a salvage vehicle The advertise price of a motor vehicle must include: - CORRECT ANSWER-AnswerFinance Charge Advertisement of rate of finance charge. If an advertisement states a rate of fi...

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State Of Colorado Sales Mastery License Final Exam Test 2023/2024

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State Of Colorado Sales Mastery License Final Exam Test 2023/2024 On Sunday(s), dealers are prohibited from selling all of the following except? - CORRECT ANSWER-( C) Powersport Vehicles The licenses of a new or used dealer, wholesale auction dealer, or whole sales may be denied, suspended, revoked or fined for the following: - CORRECT ANSWER-(D) All of the above Colorado's Lemon Law covers: - CORRECT ANSWER-(C) defects that substantially impair market vale of a vehicle Local law en...

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State Of Colorado Motor Vehicle Dealer Board Sale Mastery Examination With 100%Correct Answers 2023/2024

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State Of Colorado Motor Vehicle Dealer Board Sale Mastery Examination With 100%Correct Answers 2023/2024 The Motor Vehicle Dealer Board has among its members - CORRECT ANSWER-Board is comprised of three (3) motor vehicle dealers, three (3) used motor vehicle dealers, and three (3) public members The Motor Vehicle Dealer Board is authorized and empowered to a. issue or deny buyer agent licenses b. issue or deny manufacturer representative licenses c. issue or deny motor vehicle dea...

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Sales Mastery Exam Test With Actual And Verified Answers 2023/2024

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Sales Mastery Exam Test With Actual And Verified Answers 2023/2024 Three of the following types of motor vehicles are exempt from the truth in mileage act. - CORRECT ANSWER-~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? - CORRECT ANSWER-Any person who attempts to make profit lease or sale of a used vehicle T...

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Colorado Sales Mastery Practice Questions And Answers

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Colorado Sales Mastery Practice Questions And Answers Three of the following types of motor vehicles are exempt from the truth in mileage act. - CORRECT ANSWER-~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? - CORRECT ANSWER-a person who attempts to negotiate a sale or lease of a used motor vehicle or powersports...

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