WI car salesman license Exam Questions and Answers 2024

Who needs a motor vehicle salesperson license? - anyone who wants to be involved in the business of selling or leasing new or used motor vehicles in wisonsin. what are the requirements for a salesperson license? - 18 years old, agree to act in good faith as a salesperson, familiar with motor vehicle sales laws and lease laws and contract laws. whats a dealership group? - two or more licensed dealership locations that share the same majority ownership. how you do renew your license? - a wriitten test is not required for renewal .your employer is responsible for renewing your license and will submit the necessary fee to the dealer and agent section. duplicate salesperson licenses - if your salesperson license is lost or destroyed your employer should complete a salesperson application for a duplicate license. changing employing dealerships - during the licensing period you may change employing dealerships. give your license to your former employer and complete an mv2184 salesperson application at your new dealership terminating employment - when you terminate employment as a salesperson you must give your license to your employer before you leave lapsed licenses - if your Wisconsin license expired more than five years ago you will need to take the written test again. the applicatiion and fee are the same as for the first time applicants. criminal convictions - under most circumstances you may be licensed even if you have been convicted of a crime. the dealer and agent section will investigate convictions for any crime related to motor vehicles or fraud before either approving or denying a license denials and appeals - id your application or a motor vehicle salesperson license is denied , you may appeal to the division of hearing and appeals. if your application is denied, you will receive a denial letter which contains the reason for denial and instructions for appeal. advertising - using false, deceptive or misleading advertising or representations to induce the purchaser of a motor vehicle is an unfair proactive and is prohibited vehicle prices - the advertised price must include all charges that the customer will pay, except sales, title, and registration fees. post advertised prices on the vehicle. dont use phrases such as 'write your own deal' or ' name your own price' because they mislead the customers. new vehicle discount - you may only advertise new vehcles using terms such as "invoice", or "cost" when you disclose that the "actual dealer cost is, or my be less , due to factory holdback, rebates, incentives or other dicounts. "free" merchandise - dont use the word "free" in an advertising if hr cusomer must purchase something to receive the "free" merchandise, equipment, accessories or service. trade in-allowence - you are not allowed to use phrases such as, "we will pay you up to,""appraise your own vehicle" or "as much as" when advertising an allowance for a trade-in. dealer name on advertising - when advertising vehicles for sale, include the dealer's name in the ad. availability of vehicles - if you say a certain type of vehicle is available, be sure you have enough of them to meet anticipated demand. if they are not on hand, you must know that they will be delivered within a reasonable time. damaged vehicles - if two or more vehicles are damaged by the same cause, include the cause of the damage in all ads. for example, if two or more vehicles were damaged by a hailstorm, flood or a tornado, disclose the damage for all vehicles that were damaged. always tell the customer about a flood damaged vehicle, whatever the damage. model year - when advertising any motor vehicle, always sate the model year. in addition of the vehicle is of the current or previous model year, you must also designate it as "used" if that is the fact. words like "demonstrator" "executive," "low mileage" and "one-owner" also designate a vehicle as used. "clearance" merchandise - do not use statements such as "last of he remaining," "clos out," or "clearance" to the advertise used vehicles unless the dealership is actually going out of business. lease vehicles - clearly identify which vehicles are for sale and which are for lease when advertising both in the same ad, if the advertisement only contains lease vehicles, this must be disclosed. manufacturers suggested retail price (msrp) label - this federally required label must remain in the window of a new vehicle until the vehicle is delivered to its retail purchaser. this msrp label contains information about standard equipment, options,