Wisconsin Auto Sales License Study guides, Class notes & Summaries

What aren't you allowed to do while advertising Correct Answer use deceptive or misleading advertising to induce price What terms cannot be used when discussing trade in allowance? Correct Answer - We will pay up to - appraise your own vehicle - as much as What wording can you NOT use in advertisements unless the dealership is going out of business Correct Answer - close out - last of remaining Do you always have to disclose when a vehicle has been flood damaged Correct Answer yes ...

who needs a motor vehicle salesperson license? - Answer anyone who wants to sell/lease vehicles in Wisconsin what are the requirements for a salesperson license? - Answer - 18 + years old - agree to follow the "good faith" salesperson standards - familiar to sales contract laws how do you renew your license? - Answer Your employer renews the license and pays the fee. There is no written text for renewals how do you get a duplicate salesperson license? - Answer Employer compl...

What is the penalty for violating the disclosure provisions of the Virginia Dealer Licensing Act's "As Is" law? - Answer A $1,000 civil penalty The customer may return the vehicle Vehicles can be sold in Virginia "As Is" if: - Answer A Buyers Guide is completely filled out, signed, and dated by the buyer. The dealer provides the buyer, prior to the sale, a separate written disclosure as to the effect of an "As Is" sale. A disclosure is printed on the front of the buyers or...

What must the advertised price include? - Answer all charges the customer must pay, except sales tax, title, regis fees When can you use the words "free" or "included with"? - Answer Free- customer does not need to purchase something to get it Included with - customer must purchase something to get it When advertising an allowance for a trade-in, what words can you not use? - Answer -we will pay up to -appraise your own vehicle -as much as The dealer's name must be include...

The listing broker is the seller's - Answer agent A licensee writes an offer for a buyer on the licensee's listing. The buyer is the licensee's - Answer customer When a firm is representing only one side of the transaction, the firm is practicing what type of agency? - Answer Single agency Multiple Representation may only occur if - Answer there is full written consent and disclosure from all parties A broker shall provide a copy of the disclosure form to a client: - Answe...

What aren't you allowed to do while advertising - Answer use deceptive or misleading advertising to induce price What terms cannot be used when discussing trade in allowance? - Answer - We will pay up to - appraise your own vehicle - as much as what wording can you NOT use in advertisements unless the dealership is going out of business - Answer - close out - last of remaining Do you always have to disclose when a vehicle has been flood damaged - Answer yes MSRP - Answer...

When selling a used vehicle make for which the dealer is franchised, in what way does the dealership go about disclosing any unperformed manufacturer recalls? - Answer It is disclosed in writing. What specific phrases would be a used cars sales appropriate word use? - Answer Low mileage, one-owner, demonstrated, executive. what is a requirement in order to get a sales license? - Answer Agree to act in good faith as a salesperson. When can a customer cancel a contract - Answer Wh...

-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 bec...

Wisconsin Auto Sales License Exam Questions and Answers (Graded A)

-Sales managers -General managers -Sales representatives -Finance and insurance employees -Dealer if they are negotiating vehicle sales or leases, or approving any contracts - 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 - Requirements for a salesperson license -Written test -License application (MV2184) - How to become licensed for the first ...