Colorado Sales License Practice Test

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Enhance your chances of passing the Colorado Sales License Test with comprehensive flashcards and multiple choice questions. Each question comes with hints and detailed explanations. Prepare effectively for your upcoming exam!

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What is required for a dealer to complete the sale of a used motor vehicle?

A detailed inspection report
The title transferred to the new owner
Proving warranty information
A customer satisfaction survey

The correct answer is: The title transferred to the new owner

For a dealer to complete the sale of a used motor vehicle, the critical requirement is the transfer of the title to the new owner. The title serves as legal proof of ownership, and transferring it is a necessary step to ensure that the new owner has legitimate rights to the vehicle. This process includes endorsing the title and often involves completing any required forms to notify the state of the change in ownership. While having a detailed inspection report, warranty information, or a customer satisfaction survey can be beneficial for transparency or customer relations, these are not mandatory for the completion of the sale itself. The title transfer is the legally binding action needed to finalize the transaction, making it the most crucial element in this context.