Can a person hold both a wholesaler license and a motor vehicle salesperson license concurrently?

Holding both a wholesaler license and a motor vehicle salesperson license concurrently is not allowed, which makes this the correct answer. The regulations set by the Colorado Department of Revenue dictate that individuals may not hold multiple dealership licenses at the same time to maintain clarity and accountability within the dealership operations. This rule exists to prevent conflicts of interest and ensure that licensing requirements are adhered to without overlap that could create confusion in sales practices or reporting responsibilities.

Other options may suggest that under certain conditions or for limited periods a person could hold both licenses, but these are not supported by the foundational regulations governing motor vehicle sales in Colorado. Hence, the clear prohibition from holding both licenses simultaneously helps uphold the integrity of the motor vehicle sales system in the state.