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?
A) Consumer Protection Act, 2002
B) Motor Vehicle Dealers Act, 2002
C) Business Practices Act
D) Highway Traffic Act
<details> <summary><strong>Click for Answer &
Rationale</strong></summary>
Answer: B) Motor Vehicle Dealers Act, 2002
Rationale: The Motor Vehicle Dealers Act, 2002 (MVDA) is the
cornerstone legislation that establishes the regulatory framework
for motor vehicle dealers in Ontario . The Consumer Protection
Act provides additional consumer rights but is not the primary
industry-specific legislation.
</details>
1
,2. Which body or agency enforces the Motor Vehicle Dealers
Act?
A) Ministry of Government and Consumer Services
B) Trillium Automobile Dealers Association (TADA)
C) Ontario Motor Vehicle Industry Council (OMVIC)
D) Automotive Business School of Canada
<details> <summary><strong>Click for Answer &
Rationale</strong></summary>
Answer: C) Ontario Motor Vehicle Industry Council (OMVIC)
Rationale: OMVIC is the regulatory authority delegated by the
Ontario government to administer and enforce the Motor Vehicle
Dealers Act, 2002 on behalf of the Ministry of Public and
Business Service Delivery .
</details>
3. How many individuals compose OMVIC's Board of
Directors?
2
,A) 9 total (6 dealers, 3 consumer reps)
B) 12 total (9 dealers, 3 consumer reps)
C) 15 total (10 dealers, 5 consumer reps)
D) 8 total (5 dealers, 3 consumer reps)
<details> <summary><strong>Click for Answer &
Rationale</strong></summary>
Answer: B) 12 total (9 dealers, 3 consumer reps)
Rationale: OMVIC's Board of Directors consists of 12 members:
9 representing the industry (dealers) and 3 representing
consumer interests. This balanced composition ensures both
industry perspectives and consumer protection are considered .
</details>
4. Which of the following is a function carried out by OMVIC?
A) Administers and enforces the MVDA
B) Conducts investigations and disciplinary hearings
C) Administers the Compensation Fund
D) All of the above
<details> <summary><strong>Click for Answer &
Rationale</strong></summary>
3
, Answer: D) All of the above
Rationale: OMVIC's core functions include
administering/enforcing the MVDA, inspecting dealers,
maintaining a consumer complaint line, conducting investigations
and disciplinary hearings, conducting prosecutions, and
administering the Motor Vehicle Dealers Compensation Fund .
</details>
5. What is the "Transaction Fee Program"?
A) A fee dealers pay for each salesperson employed
B) A fee dealers pay for each vehicle sold or leased to OMVIC
C) A tax collected by the Ministry of Finance
D) A fee paid only for new vehicle sales
<details> <summary><strong>Click for Answer &
Rationale</strong></summary>
Answer: B) A fee dealers pay for each vehicle sold or leased
to OMVIC
Rationale: Under the Transaction Fee Program, dealers are
required to remit $10 (current rate, subject to change) for each
vehicle sold or leased (including fleet and "as is" transactions) to
4
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?
A) Consumer Protection Act, 2002
B) Motor Vehicle Dealers Act, 2002
C) Business Practices Act
D) Highway Traffic Act
<details> <summary><strong>Click for Answer &
Rationale</strong></summary>
Answer: B) Motor Vehicle Dealers Act, 2002
Rationale: The Motor Vehicle Dealers Act, 2002 (MVDA) is the
cornerstone legislation that establishes the regulatory framework
for motor vehicle dealers in Ontario . The Consumer Protection
Act provides additional consumer rights but is not the primary
industry-specific legislation.
</details>
1
,2. Which body or agency enforces the Motor Vehicle Dealers
Act?
A) Ministry of Government and Consumer Services
B) Trillium Automobile Dealers Association (TADA)
C) Ontario Motor Vehicle Industry Council (OMVIC)
D) Automotive Business School of Canada
<details> <summary><strong>Click for Answer &
Rationale</strong></summary>
Answer: C) Ontario Motor Vehicle Industry Council (OMVIC)
Rationale: OMVIC is the regulatory authority delegated by the
Ontario government to administer and enforce the Motor Vehicle
Dealers Act, 2002 on behalf of the Ministry of Public and
Business Service Delivery .
</details>
3. How many individuals compose OMVIC's Board of
Directors?
2
,A) 9 total (6 dealers, 3 consumer reps)
B) 12 total (9 dealers, 3 consumer reps)
C) 15 total (10 dealers, 5 consumer reps)
D) 8 total (5 dealers, 3 consumer reps)
<details> <summary><strong>Click for Answer &
Rationale</strong></summary>
Answer: B) 12 total (9 dealers, 3 consumer reps)
Rationale: OMVIC's Board of Directors consists of 12 members:
9 representing the industry (dealers) and 3 representing
consumer interests. This balanced composition ensures both
industry perspectives and consumer protection are considered .
</details>
4. Which of the following is a function carried out by OMVIC?
A) Administers and enforces the MVDA
B) Conducts investigations and disciplinary hearings
C) Administers the Compensation Fund
D) All of the above
<details> <summary><strong>Click for Answer &
Rationale</strong></summary>
3
, Answer: D) All of the above
Rationale: OMVIC's core functions include
administering/enforcing the MVDA, inspecting dealers,
maintaining a consumer complaint line, conducting investigations
and disciplinary hearings, conducting prosecutions, and
administering the Motor Vehicle Dealers Compensation Fund .
</details>
5. What is the "Transaction Fee Program"?
A) A fee dealers pay for each salesperson employed
B) A fee dealers pay for each vehicle sold or leased to OMVIC
C) A tax collected by the Ministry of Finance
D) A fee paid only for new vehicle sales
<details> <summary><strong>Click for Answer &
Rationale</strong></summary>
Answer: B) A fee dealers pay for each vehicle sold or leased
to OMVIC
Rationale: Under the Transaction Fee Program, dealers are
required to remit $10 (current rate, subject to change) for each
vehicle sold or leased (including fleet and "as is" transactions) to
4
