Wisconsin Motor Vehicle Salesperson Manual Practice Test

Which of the following must dealerships disclose as "material history" about a vehicle?

1. The information is important to any reasonable person

2. The buyer asks about it

3. The dealership knows the information would be important to the buyer

4. All of the above

The correct answer is: All of the above

A While this may seem like a logical choice, it is not enough to simply assume that a person would find the information important. Dealerships must have specific knowledge that the information would be relevant to a potential buyer. B: This is only relevant if the buyer specifically asks about the information. Dealerships are not required to disclose all potential information without being prompted. C: This is the correct answer. Dealerships must disclose any information that they know or should reasonably know would be important to a potential buyer. D: This is the correct answer. All of the above scenarios must occur for the information to be considered "material history" that must be disclosed by the dealership.