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