Wisconsin Salesman License Exam Guide 2024

Who needs a sales license? - Anyone who is selling or leasing new or used cars Requirements to obtain a license - 18 Agree to act in good faith Familiar with motor vehicle sales, lease laws, and contract law What is a dealership group - 2 or more licensed dealership locations that share the same majority ownership Renewal of sales license - ER is responsible for renewing the sales license If lost or destroyed sales license - ER is to complete MV2184 Steps to changing dealerships - Give license to former ER Complete MV2184 at new dealership What to do with license when terminating employment - Give license to ER If license lapses more than 5 years - You need to re-take the written MV2184 If sales license is denied? - Can appeal with Division of Hearing and Appeals Using ___, _____, or _______ ______ or ___________ to induce the purchase of a motor vehicle is an unfair practice and is prohibited - False Deceptive Misleading Advertising Representations The advertised price must include all charges that the customer will pay except - Sales tax, title, and registration fees New Vehicle Discount - Must only use invoice or cost Dont use to word ____ when price includes another item - Free When advertising vehicles you must always include - Dealer name Availability of vehicles - must have enough of a certain vehicle on hand to meet anticipated demand