OMVIC Test EXAM|| ACTUAL EXAM WITH 200+
QUESTIONS AND 100% CORRECT ANSWERS|| LATEST
VERSION WITH VERIFIED SOLUTIONS ALREADY
GRADED A+|| BRAND NEW!!!
Which of the following is a change in information that a dealer must notify
OMVIC about?
a. selling a car
b. changing dealers name
c. customer leaving the dealership, including date and reason
d. any event that destroys dealer records or makes them unavailable
D. any event that destroys dealer records or makes them unavailable
One of the following:
- change of the dealers address
- changes of officers or directors (for corporations or partnerships)
- hiring a salesperson, including their start date
- salesperson leaving the dealership, including date and reason
- any event that destroys dealer records or makes them unavailable
In a large dealership, who should the dealer make responsible for ensuring all
salespeople are registered? Choose the most correct answer:
a. Bookkeeper
b. Salesperson
c. Sales manager
d. Payroll supervisor
,c. sales manager
OMVIC can refuse, revoke or suspend registration of a dealer, salesperson or
corporation if the financial responsibility or past actions of an "interested person"
gives them reason to. Who does OMVIC consider an "interested person"?
CHOOSE ALL THAT APPLY
a. someone who has given or may have given financing (directly or indirectly) to
the business
b. someone who may inherit the business
c. someone the dealer has taken a loan from
An "interested person":
- benefits from or may benefit from the business
- has or may have control (directly or indirectly) over the dealer or salesperson
- has given or may have given financing (directly or indirectly) to the business
(Answer: A & C)
Where must the dealer keep their certificate of registration?
a. Safely secured in a location separate from the office
b. On their person
c. Where the public can see it in each of their registered business locations
Where the public can see it in each of their registered business locations
,True or false: a salesperson must show their registration certificate to a customer if
the customer asks to see it.
True
Match the Class of General dealer to its description:
a. General Dealer (new and used subclass):
b. General Dealer (used subclass):
c. buys, sells or trades in only used vehicles. Generally applies to any dealer who
isn't a new car dealer and doesn't fit into any other category
d. Buys, sells or trades in both new and used vehicles. If the dealer isn't a member
of the Motor Vehicle Retailers or Ontario (MVRO), they must show a copy of the
sales and service agreement in order to be assigned to this class
a. and d General Dealer (new and used subclass): Buys, sells or trades in both new
and used vehicles. If the dealer isn't a member of the Motor Vehicle Retailers or
Ontario (MVRO), they must show a copy of the sales and service agreement in
order to be assigned to this class
b and c. General Dealer (used subclass): buys, sells or trades in only used vehicles.
Generally applies to any dealer who isn't a new car dealer and doesn't fit into any
other category
Match the Description to the dealer class:
a. Broker:
b. Outside Ontario Dealer:
c. Wholesaler:
, d. Arranges to buy, sell or trade in a vehicle on behalf of someone who isn't a
dealer. The broke doesn't own or take possession of the vehicle and doesn't handle
the money to pay for it.
e. buys, sells or trades in vehicles only with other registered dealers, which can
include dealers registered outside Ontario
f. Registered outside Ontario and buys vehicles from exempt wholesale auctions to
export them to the place where the dealer is registered
A AND D. Broker: arranges to buy, sell or trade in a vehicle on behalf of someone
who isn't a dealer. The broke doesn't own or take possession of the vehicle and
doesn't handle the money to pay for it.
b AND F. Outside Ontario Dealer: Registered outside Ontario and buys vehicles
from exempt wholesale auctions to export them to the place where the dealer is
registered
C AND E. Wholesaler: buys, sells or trades in vehicles only with other registered
dealers, which can include dealers registered outside Ontario
True or false: Dealers can sell vehicles from any location as long as they've
registered a head office with OMVIC
False
Which of the following is a requirement for a dealer's premises?
a. Must display dealers name
b. Must have an office lot
c. Must have adequate parking for clients
QUESTIONS AND 100% CORRECT ANSWERS|| LATEST
VERSION WITH VERIFIED SOLUTIONS ALREADY
GRADED A+|| BRAND NEW!!!
Which of the following is a change in information that a dealer must notify
OMVIC about?
a. selling a car
b. changing dealers name
c. customer leaving the dealership, including date and reason
d. any event that destroys dealer records or makes them unavailable
D. any event that destroys dealer records or makes them unavailable
One of the following:
- change of the dealers address
- changes of officers or directors (for corporations or partnerships)
- hiring a salesperson, including their start date
- salesperson leaving the dealership, including date and reason
- any event that destroys dealer records or makes them unavailable
In a large dealership, who should the dealer make responsible for ensuring all
salespeople are registered? Choose the most correct answer:
a. Bookkeeper
b. Salesperson
c. Sales manager
d. Payroll supervisor
,c. sales manager
OMVIC can refuse, revoke or suspend registration of a dealer, salesperson or
corporation if the financial responsibility or past actions of an "interested person"
gives them reason to. Who does OMVIC consider an "interested person"?
CHOOSE ALL THAT APPLY
a. someone who has given or may have given financing (directly or indirectly) to
the business
b. someone who may inherit the business
c. someone the dealer has taken a loan from
An "interested person":
- benefits from or may benefit from the business
- has or may have control (directly or indirectly) over the dealer or salesperson
- has given or may have given financing (directly or indirectly) to the business
(Answer: A & C)
Where must the dealer keep their certificate of registration?
a. Safely secured in a location separate from the office
b. On their person
c. Where the public can see it in each of their registered business locations
Where the public can see it in each of their registered business locations
,True or false: a salesperson must show their registration certificate to a customer if
the customer asks to see it.
True
Match the Class of General dealer to its description:
a. General Dealer (new and used subclass):
b. General Dealer (used subclass):
c. buys, sells or trades in only used vehicles. Generally applies to any dealer who
isn't a new car dealer and doesn't fit into any other category
d. Buys, sells or trades in both new and used vehicles. If the dealer isn't a member
of the Motor Vehicle Retailers or Ontario (MVRO), they must show a copy of the
sales and service agreement in order to be assigned to this class
a. and d General Dealer (new and used subclass): Buys, sells or trades in both new
and used vehicles. If the dealer isn't a member of the Motor Vehicle Retailers or
Ontario (MVRO), they must show a copy of the sales and service agreement in
order to be assigned to this class
b and c. General Dealer (used subclass): buys, sells or trades in only used vehicles.
Generally applies to any dealer who isn't a new car dealer and doesn't fit into any
other category
Match the Description to the dealer class:
a. Broker:
b. Outside Ontario Dealer:
c. Wholesaler:
, d. Arranges to buy, sell or trade in a vehicle on behalf of someone who isn't a
dealer. The broke doesn't own or take possession of the vehicle and doesn't handle
the money to pay for it.
e. buys, sells or trades in vehicles only with other registered dealers, which can
include dealers registered outside Ontario
f. Registered outside Ontario and buys vehicles from exempt wholesale auctions to
export them to the place where the dealer is registered
A AND D. Broker: arranges to buy, sell or trade in a vehicle on behalf of someone
who isn't a dealer. The broke doesn't own or take possession of the vehicle and
doesn't handle the money to pay for it.
b AND F. Outside Ontario Dealer: Registered outside Ontario and buys vehicles
from exempt wholesale auctions to export them to the place where the dealer is
registered
C AND E. Wholesaler: buys, sells or trades in vehicles only with other registered
dealers, which can include dealers registered outside Ontario
True or false: Dealers can sell vehicles from any location as long as they've
registered a head office with OMVIC
False
Which of the following is a requirement for a dealer's premises?
a. Must display dealers name
b. Must have an office lot
c. Must have adequate parking for clients
