Colorado Sales License Practice Test

True or False: A dealer is required to display the licenses of each of their employed salespersons at their place of business.

1. True

2. False

3. Only if requested by a customer

4. Only if mandated by the state

The correct answer is: False

The statement regarding whether a dealer is required to display the licenses of each of their employed salespersons at their place of business is indeed true. In Colorado, the law mandates that a dealer must have the salesperson's licenses available for inspection, which implies that they should be displayed. This ensures transparency and trust with customers, as they can see that the salespersons are licensed and authorized to conduct sales. Claiming the statement is false would overlook the regulatory requirements enforced by the state, which are in place to protect consumers and maintain professional standards within the industry. Displaying the licenses at the dealer's place of business is not just a good practice; it is a requirement that serves to ensure the legitimacy of the sales operations.