Wisconsin Auto Sales License | Study Guide | Graded A+

Wisconsin Auto Sales License | Study
Guide | Graded A+
‣ Requirements to obtain a license . Answer: 18
Agree to act in good faith
Familiar with motor vehicle sales, lease laws, and contract law


‣ What is a dealership group . Answer: 2 or more licensed dealership
locations that share the same majority ownership


‣ Renewal of sales license . Answer: ER is responsible for renewing the
sales license


‣ If lost or destroyed sales license . Answer: ER is to complete MV2184


‣ Steps to changing dealerships . Answer: Give license to former ER
Complete MV2184 at new dealership


‣ What to do with license when terminating employment . Answer: Give
license to ER


‣ If license lapses more than 5 years . Answer: You need to re-take the
written MV2184

, ‣ If sales license is denied? . Answer: 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 .
Answer: False
Deceptive
Misleading Advertising
Representations


‣ The advertised price must include all charges that the customer will
pay except . Answer: Sales tax, title, and registration fees


‣ New Vehicle Discount . Answer: Must only use invoice or cost


‣ Dont use to word ____ when price includes another item . Answer:
Free


‣ When advertising vehicles you must always include . Answer: Dealer
name


‣ Availability of vehicles . Answer: must have enough of a certain
vehicle on hand to meet anticipated demand