Colorado Sales License Practice Test

The statement regarding prima facie evidence of vehicle selling or leasing that is true is that it includes exchanging interests in three or more vehicles within one year. This criterion is significant because it provides a clear benchmark for determining whether an individual or entity is engaged in the business of selling or leasing vehicles. This helps regulatory agencies identify patterns of vehicle transactions that may indicate a commercial activity rather than personal use or casual sales.

By considering the exchange of interests in multiple vehicles, the law recognizes that consistent trading shows intent and business activity. The number three creates a threshold that distinguishes between occasional sales—such as selling one or two personal vehicles—and a repetitive, business-like activity that warrants regulation.

The other statements, while they may contain elements of vehicle transaction regulations, do not accurately capture the essence of prima facie evidence in this context. For example, limiting this evidence to vehicles under a certain value, necessitating documentation of title transfers, or restricting it primarily to commercial vehicles does not align with the broader implications indicated by the three-vehicle threshold. Understanding this distinction is crucial for compliance with state regulations regarding vehicle sales and leasing.