Wisconsin Motor Vehicle Salesperson Manual Test Questions and Answers

Wisconsin Motor Vehicle Salesperson Manual Test Questions and Answers -Sales managers -General managers -Sales representatives -Finance and insurance employees -Dealer if they are negotiating vehicle sales or leases, or approving any contracts - ANSWER-Who needs a motor vehicle salesperson license? -Are 18 years old -Agree to act in good faith as a salesperson -Are familiar with motor vehicle sales laws, lease laws and contract laws - ANSWER-Requirements for a salesperson license -Written test -License application (MV2184) - ANSWER-How to become licensed for the first time After one day - ANSWER-When can you retake the test if you don't pass? When the employer's dealer license expires - ANSWER-When does a salesperson license expire? Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024 Copyright ©Stuvia International BV Page 2/17 Your employer and any dealers in your "dealership group" - ANSWER-Where does your license allow you to sell? -Written test NOT required. -Your employer is responsible for renewing your license. -Renewed license will be mailed to your employer. - ANSWER-How do you renew your license? If lost or destroyed, your employer should complete a Salesperson Application (MV2184) for a duplicate license. - ANSWER-How do you obtain a duplicate salesperson license? -Give your license to your former employer -Complete an MV2184 Salesperson Application at your new dealership -New license will expire when your new employer's dealer license expires. - ANSWER-How do you transfer your license to a new dealer? Give your license to your employer - ANSWER-What should you do when terminating employment? If your WI license expired more than five years ago. - ANSWER-Once licensed, when you you have to take the written test again? -Under most circumstances -The Dealer and Agent Section will investigate convictions for any crime related to motor vehicles or fraud before either Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024 Copyright ©Stuvia International BV Page 3/17 approving or denying a license. - ANSWER-Can you be licensed if you have been convicted of a crime? You may appeal to the Division of Hearings and Appeals. - ANSWER-What can you do if your license is denied? Using false, deceptive or misleading advertising or representations to induce the purchase of a motor vehicle is an unfair practice and is prohibited. - ANSWER-What is prohibited in advertising? -Sales tax -Title and registration fees - ANSWER-The advertised price must include all charges that the customer will pay, except for? -"write your own deal" -"name your own price" - ANSWER-Phrases you cannot use when advertising a vehicle price? -"invoice" -"cost" - ANSWER-New vehicles must be advertised using which terms? -"is included with" - ANSWER-What terms must you use instead of "free" in advertising when the customer must purchase something to receive the "free" merchandise? -"we will pay up to" -"appraise your own vehicle" Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024 Copyright ©Stuvia International BV Page 4/17 -"as much as" - ANSWER-What phrases are you NOT allowed to use when talking about a trade-in allowance? When advertising vehicles for sale. - ANSWER-When must a dealer's name be included in the ad? That you have enough of them to meet anticipated demand or know that they will be delivered within a reasonable time. - ANSWER-If you say a certain type of vehicle is available, what must you ensure? Include the cause of the damage in all ads. - ANSWER-If two or more vehicles are damaged by the same cause, what must you do? Always - ANSWER-When should you tell a customer about flood damage? When advertising it - ANSWER-When must you state the model year of a motor vehicle? -"used" -"demonstrator," -"executive" -"low mileage" -"one-owner" - ANSWER-If the vehicle being advertised is of the current or previous model year but is used, you must designate it as? Only when dealership is actually going out of business - ANSWER-When can you use statements such as "last of the remaining," "close out," or "clearance" when advertising a