OMVIC EXAM AND PRACTICE EXAM
NEWEST 2026 TEST BANK| OMVIC
CERTIFICATION EXAM PREP WITH
COMPLETE 400 REAL EXAM
QUESTIONS AND CORRECT VERIFIED
ANSWERS/ ALREADY GRADED A+
(MOST RECENT!!)
1. What is the primary legislation governing Ontario’s retail
automotive sector?
Answer: The Motor Vehicle Dealers Act, 2002 (MVDA).
2. Which body or agency enforces the MVDA?
Answer: OMVIC (Ontario Motor Vehicle Industry Council).
3. How many people compose OMVIC’s Board of Directors,
and how many are dealers vs. consumer reps?
Answer: 12 total – 9 dealers and 3 consumer representatives.
4. Explain the Transaction Fee Program briefly.
Answer: Dealers must remit $10 to OMVIC for each vehicle sold or
leased (including fleet and “as is” transactions), remitted annually
with registration renewal.
,5. True or False: Under the Transaction Fee Program, dealers
must remit $10 to OMVIC for each retail vehicle sold or
leased.
Answer: True.
6. True or False: The transaction fee can be passed along to
the customer.
Answer: True.
7. What information is OMVIC required to make available to
the public?
Answer: Dealer’s business name, address, phone number;
salesperson’s name; any proposal to refuse, suspend, or revoke
registration.
8. If OMVIC determines a dealer’s advertising is false or
misleading, what powers does it have?
Answer: OMVIC may issue an order requiring the dealer to cease
publication and/or issue a retraction or correction.
9. If an order is used to stop false advertising, how long may
the dealer need pre-approval for future ads?
Answer: Up to 2 years.
10. List two situations where OMVIC can refuse to register an
applicant.
Answer: Applicant is bankrupt, has a criminal record for fraud or
theft, has had a previous registration revoked, or made a false
statement in their application.
11. What is the maximum fine for an individual convicted of
an offence under the MVDA?
,Answer: $50,000 for a first offence, $100,000 for subsequent
offences.
12. What is the maximum fine for a corporation convicted of
an offence under the MVDA?
Answer: $250,000 for a first offence, $500,000 for subsequent
offences.
13. True or False: A salesperson can work for two different
registered dealers without disclosing this to OMVIC.
Answer: False – OMVIC must be notified, and both dealers must
consent.
14. What is a “conditional sale”?
Answer: A sale where the buyer takes possession before paying
the full price, with ownership transferring only after final payment.
15. Under the Consumer Protection Act, how many days does
a buyer have to cancel a vehicle purchase if made away from
the dealership?
Answer: 10 days (cooling-off period for remote contracts).
16. True or False: There is a cooling-off period for vehicle
purchases made at the dealership.
Answer: False – no cooling-off period for on-site purchases.
17. What must a dealer disclose about a vehicle’s odometer at
sale?
Answer: The current odometer reading and whether the dealer
knows it to be inaccurate.
18. True or False: A dealer can sell a vehicle “as is” with no
warranty, even if it is unfit for the road.
, Answer: True, but the condition must be clearly disclosed in
writing.
19. What is OMVIC’s “All-In” Price Advertising rule?
Answer: Any advertised price must include all fees and charges
except HST and licensing fees.
20. Can a dealer add a “documentation fee” after advertising
a lower price?
Answer: No – that would violate the All-In Price rule.
21. What is the penalty for a dealer violating the All-In Price
Advertising rule?
Answer: Fines, mandatory retraction orders, and possible
suspension or revocation of registration.
22. What is a “branded title” vehicle?
Answer: A vehicle with a title indicating prior damage, such as
“salvage,” “rebuilt,” or “flood.”
23. Does a dealer need to disclose a branded title to a buyer?
Answer: Yes – before the sale, in writing.
24. True or False: A dealer can sell a vehicle with a lien
without disclosing it.
Answer: False – all liens must be disclosed before sale.
25. What must a dealer do before delivering a vehicle if there
is an outstanding lien?
Answer: Pay off the lien or obtain the lienholder’s written consent.
NEWEST 2026 TEST BANK| OMVIC
CERTIFICATION EXAM PREP WITH
COMPLETE 400 REAL EXAM
QUESTIONS AND CORRECT VERIFIED
ANSWERS/ ALREADY GRADED A+
(MOST RECENT!!)
1. What is the primary legislation governing Ontario’s retail
automotive sector?
Answer: The Motor Vehicle Dealers Act, 2002 (MVDA).
2. Which body or agency enforces the MVDA?
Answer: OMVIC (Ontario Motor Vehicle Industry Council).
3. How many people compose OMVIC’s Board of Directors,
and how many are dealers vs. consumer reps?
Answer: 12 total – 9 dealers and 3 consumer representatives.
4. Explain the Transaction Fee Program briefly.
Answer: Dealers must remit $10 to OMVIC for each vehicle sold or
leased (including fleet and “as is” transactions), remitted annually
with registration renewal.
,5. True or False: Under the Transaction Fee Program, dealers
must remit $10 to OMVIC for each retail vehicle sold or
leased.
Answer: True.
6. True or False: The transaction fee can be passed along to
the customer.
Answer: True.
7. What information is OMVIC required to make available to
the public?
Answer: Dealer’s business name, address, phone number;
salesperson’s name; any proposal to refuse, suspend, or revoke
registration.
8. If OMVIC determines a dealer’s advertising is false or
misleading, what powers does it have?
Answer: OMVIC may issue an order requiring the dealer to cease
publication and/or issue a retraction or correction.
9. If an order is used to stop false advertising, how long may
the dealer need pre-approval for future ads?
Answer: Up to 2 years.
10. List two situations where OMVIC can refuse to register an
applicant.
Answer: Applicant is bankrupt, has a criminal record for fraud or
theft, has had a previous registration revoked, or made a false
statement in their application.
11. What is the maximum fine for an individual convicted of
an offence under the MVDA?
,Answer: $50,000 for a first offence, $100,000 for subsequent
offences.
12. What is the maximum fine for a corporation convicted of
an offence under the MVDA?
Answer: $250,000 for a first offence, $500,000 for subsequent
offences.
13. True or False: A salesperson can work for two different
registered dealers without disclosing this to OMVIC.
Answer: False – OMVIC must be notified, and both dealers must
consent.
14. What is a “conditional sale”?
Answer: A sale where the buyer takes possession before paying
the full price, with ownership transferring only after final payment.
15. Under the Consumer Protection Act, how many days does
a buyer have to cancel a vehicle purchase if made away from
the dealership?
Answer: 10 days (cooling-off period for remote contracts).
16. True or False: There is a cooling-off period for vehicle
purchases made at the dealership.
Answer: False – no cooling-off period for on-site purchases.
17. What must a dealer disclose about a vehicle’s odometer at
sale?
Answer: The current odometer reading and whether the dealer
knows it to be inaccurate.
18. True or False: A dealer can sell a vehicle “as is” with no
warranty, even if it is unfit for the road.
, Answer: True, but the condition must be clearly disclosed in
writing.
19. What is OMVIC’s “All-In” Price Advertising rule?
Answer: Any advertised price must include all fees and charges
except HST and licensing fees.
20. Can a dealer add a “documentation fee” after advertising
a lower price?
Answer: No – that would violate the All-In Price rule.
21. What is the penalty for a dealer violating the All-In Price
Advertising rule?
Answer: Fines, mandatory retraction orders, and possible
suspension or revocation of registration.
22. What is a “branded title” vehicle?
Answer: A vehicle with a title indicating prior damage, such as
“salvage,” “rebuilt,” or “flood.”
23. Does a dealer need to disclose a branded title to a buyer?
Answer: Yes – before the sale, in writing.
24. True or False: A dealer can sell a vehicle with a lien
without disclosing it.
Answer: False – all liens must be disclosed before sale.
25. What must a dealer do before delivering a vehicle if there
is an outstanding lien?
Answer: Pay off the lien or obtain the lienholder’s written consent.
