Colorado Car Sales Practice Test

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Prepare for the Colorado Car Sales Test. With multiple choice questions and detailed explanations, you'll test your knowledge of sales practices and state regulations to ensure you're ready for the exam.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What is the minimum duration an advertised price must be honored if no specific time was stated?

3 days
5 days
7 days
14 days

The correct answer is: 5 days

The minimum duration that an advertised price must be honored when no specific time frame is stated is 5 days. This regulation is in place to protect consumers by ensuring that they have a reasonable amount of time to respond to an advertisement before prices possibly change. If a dealership advertises a price, it creates an expectation for potential customers that they can purchase the vehicle at that price for a minimum duration. Honoring the price for at least 5 days helps to foster trust and transparency in car sales practices, encouraging consumers to engage with the dealership without the fear of immediate price fluctuations.