WISCONSIN MOTOR VEHICLE SALESPERSON END OF
COURSE EXAMS 2026/2027 QUESTIONS AND
SOLUTIONS RATED A+
✔✔Title brand types - ✔✔1. vehicle is salvage (less than seven years old and damaged
by collision or other occurrence to extent that the cost is greater than 70 percent of fair
market value)
2. vehicle transferred to insurer upon payment claim (vehicle is less than seven years
old. model damaged more than 30 percent but not more than 70 percent of fair market
value. after payment claim it is transferred to insurance company
3. vehicle is manufacturers buyback (vehicle reproduced by manufacturer under
wisconsin or other states according to lemon law)
4. modified to meet federal safety and emission standards (all federal and safety
requirements not applicable)
5. vehicle was previously used by law enforcement
6. rebuilt salvage (salvage that has been rebuilt to meet federal guidelines)
7. previous taxicab or public transprt
8. vehicle has flood damage (when damage exceeds 70% fair market value)
9.vehicle has hail damage ( when damage exceeds 70% fair market value)
✔✔Odometer disclosures - ✔✔1. have seller complete statement
2. show prior odometer statement
3. give new statement
mopeds, vehicles over ten years old and vehicles weighing over 16000 pounds are
exempt
✔✔Liens - ✔✔Vehicles can be used as collateral. dealers need to list all liens. DMV can
access them but not remove them
you may sell a liened vehicle to a new purchaser if funds have been mailed or
transferred
✔✔Transferring plates - ✔✔when person sells/trades an owned/leased vehicle they
keep the license plates and can transfer the plates to the new vehicle
, ✔✔customers without plates - ✔✔when a customer has no license plates dealerships
must provide the customer with a temps or a permanent plate (with the fees that apply)
✔✔dealer plates - ✔✔can only be used on cars the dealers own/lease.
✔✔Illegal activities - ✔✔-theft
-selling new vehicles not franchised by dealership
-failure to preform a written agreement
-allowing privately owned vehicles to be sold on property
-submitting title/registration after allowed seven business days
-not providing odometer statements
-failing to pay taxes
-failing to pay child support (no idea why this is included)
-inaccurate wisconsin buyers guide
-promoting chain/referral sales by an unlicensed salesperson
✔✔These records must be kept at dealership for 5 Years - ✔✔Originals- Logbook
-Wisconsin Buyers guide
Copys- purchase contents
-odometer statements
-MV11 applicant
-dealer forms for title
-factory invoices
-power of attorney forms
-titles
-electronic title/registration receipt
✔✔ who needs a motor vehicle salesperson license? - ✔✔anyone who wants to
sell/lease vehicles in Wisconsin
✔✔what are the requirements for a salesperson license? - ✔✔- 18 + years old
- agree to follow the "good faith" salesperson standards
- familiar to sales contract laws
✔✔how do you renew your license? - ✔✔Your employer renews the license and pays
the fee. There is no written text for renewals
✔✔how do you get a duplicate salesperson license? - ✔✔Employer completes the
application for your lost/destroyed licenses
✔✔what happens when you change dealerships? - ✔✔during your licensed period you
give your license o the former employer and complete a new application at the new
place of employment
COURSE EXAMS 2026/2027 QUESTIONS AND
SOLUTIONS RATED A+
✔✔Title brand types - ✔✔1. vehicle is salvage (less than seven years old and damaged
by collision or other occurrence to extent that the cost is greater than 70 percent of fair
market value)
2. vehicle transferred to insurer upon payment claim (vehicle is less than seven years
old. model damaged more than 30 percent but not more than 70 percent of fair market
value. after payment claim it is transferred to insurance company
3. vehicle is manufacturers buyback (vehicle reproduced by manufacturer under
wisconsin or other states according to lemon law)
4. modified to meet federal safety and emission standards (all federal and safety
requirements not applicable)
5. vehicle was previously used by law enforcement
6. rebuilt salvage (salvage that has been rebuilt to meet federal guidelines)
7. previous taxicab or public transprt
8. vehicle has flood damage (when damage exceeds 70% fair market value)
9.vehicle has hail damage ( when damage exceeds 70% fair market value)
✔✔Odometer disclosures - ✔✔1. have seller complete statement
2. show prior odometer statement
3. give new statement
mopeds, vehicles over ten years old and vehicles weighing over 16000 pounds are
exempt
✔✔Liens - ✔✔Vehicles can be used as collateral. dealers need to list all liens. DMV can
access them but not remove them
you may sell a liened vehicle to a new purchaser if funds have been mailed or
transferred
✔✔Transferring plates - ✔✔when person sells/trades an owned/leased vehicle they
keep the license plates and can transfer the plates to the new vehicle
, ✔✔customers without plates - ✔✔when a customer has no license plates dealerships
must provide the customer with a temps or a permanent plate (with the fees that apply)
✔✔dealer plates - ✔✔can only be used on cars the dealers own/lease.
✔✔Illegal activities - ✔✔-theft
-selling new vehicles not franchised by dealership
-failure to preform a written agreement
-allowing privately owned vehicles to be sold on property
-submitting title/registration after allowed seven business days
-not providing odometer statements
-failing to pay taxes
-failing to pay child support (no idea why this is included)
-inaccurate wisconsin buyers guide
-promoting chain/referral sales by an unlicensed salesperson
✔✔These records must be kept at dealership for 5 Years - ✔✔Originals- Logbook
-Wisconsin Buyers guide
Copys- purchase contents
-odometer statements
-MV11 applicant
-dealer forms for title
-factory invoices
-power of attorney forms
-titles
-electronic title/registration receipt
✔✔ who needs a motor vehicle salesperson license? - ✔✔anyone who wants to
sell/lease vehicles in Wisconsin
✔✔what are the requirements for a salesperson license? - ✔✔- 18 + years old
- agree to follow the "good faith" salesperson standards
- familiar to sales contract laws
✔✔how do you renew your license? - ✔✔Your employer renews the license and pays
the fee. There is no written text for renewals
✔✔how do you get a duplicate salesperson license? - ✔✔Employer completes the
application for your lost/destroyed licenses
✔✔what happens when you change dealerships? - ✔✔during your licensed period you
give your license o the former employer and complete a new application at the new
place of employment
