Latest Update - Questions

Auto Salesperson License (Wisconsin Only) Latest Update - Questions and 100% Verified Correct Answers Guaranteed A+

"as is" vehicles - CORRECT ANSWER: "as-is" sales are legal. "as-is" must be clearly identified on the purchase contract since dealership is not providing any warranty protection for customer

"Clearance" Merchandise - CORRECT ANSWER: When advertising don't use "last of the remaining" "close out" or "clearance" unless the dealership is going out of buisness

"Free" Merchandise - CORRECT ANSWER: Do not use the word "free" in advertising if the customer needs to purchase something to receive the "free" merchandise

"not inspected for sale" - CORRECT ANSWER: this sticker needs to be displayed on any vehicles that have not been inspected for safety and defects

Availability of vehicles - CORRECT ANSWER: If you say a certain type of vehicle is available. be sure to have enough to meet demand, if they aren't on hand you need to know they'll be delivered within a reasonable time

cancelling a contract - CORRECT ANSWER: when delivery cant be made within fifteen days after the anticipated delivery day on the contract the customer may cancel without penlty

consignment sales - CORRECT ANSWER: licensed dealers may sell a vehicle for a

private party on consignment. although the dealer does not own the vehicle dealer is authorized to sell it for the titled owner. only the licensed dealers may offer vehicles for sale on consignment

contract price increases - CORRECT ANSWER: prices can be adjusted for

1.foreign vehicles (revaluation of us dollar by us government)

• Tax increase on vehicles

--- Raising price after contract is signed for anything else is called "bushing" and is illegal

contract requirements - CORRECT ANSWER: 1. name and address of dealer and

customer

• salespersons full name and 8 digits of the sales license

3.year make model and vin of all vehicles in the conract

• chassis and finished yearof the model if they arent identical
• warranties
• price at delivery and components of that price 1 / 2

• list of parts added or removed
• penalty for customer for not accepting vehicle on delivery

customers without plates - CORRECT ANSWER: when a customer has no license

plates dealerships must provide the customer with a temps or a permanent plate (with the fees that apply)

damage disclosure statement - CORRECT ANSWER: this is a written disclosure that

must be given to a customer if any damage of more than 6 percent of the MSRP (manufacturers suggested retail price). glass/tires/bumpers are not counted when its identical to the original equipment. Any uncorrected damage must be disclosed to the customer before delivery

Damaged Vehicles - CORRECT ANSWER: if 2 or more vehicles are damaged by the

same cause include damage in all ads. tell customers about the damage (such as flood or hail damage)

dealer plates - CORRECT ANSWER: can only be used on cars the dealers own/lease.

Dealer supplemental price label - CORRECT ANSWER: this label lists optional

equipment or accessories installed by the dealer,final price and any price changes.label must remain in window until delivered to customer

Display the Wisconsin Buyers Guide on everything except - CORRECT ANSWER: -

trucks over 16000 pounds -Demonstrator/executive driven vehicles still in use -vehicles not inspected for sale -unrepaired salvage -vehicles sold to the lessee at the end of their lease

Emission standards certificate - CORRECT ANSWER: Certificate that confirms the

vehicle has been installed and inspected. it also gives information on what to do if system fails. give to the customer at delivery

how do you get a duplicate salesperson license? - CORRECT ANSWER: Employer

completes the application for your lost/destroyed licenses

how do you renew your license? - CORRECT ANSWER: Your employer renews the

license and pays the fee. There is no written text for renewals

Illegal activities - CORRECT ANSWER: -theft

-selling new vehicles not franchised by dealership -failure to preform a written agreement -allowing privately owned vehicles to be sold on property -submitting title/registration after allowed seven business days -not providing odometer statements

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