Omvic Examination Prep Questions with
verified correct detailed answers latest
updated version 2025
What is the primary legislation governing Ontario's retail automotive
sector? --- correct precise answer ---MVDA
Which body or agency enforces MVDA? --- correct precise answer ---
OMVIC
How many people compose OMVIC's board of directors? --- correct
precise answer ---12 in total, 9 dealers and 3 consumer reps
What is the "transaction fee program"? --- correct precise answer ---
under the transaction fee program, dealers are required to remit $10
for each vehicle sold or leased to OMVIC. These funds are remitted
annually with the dealers registration renewal fee.
T or F: the fee can be passed on to the consumer --- correct precise
answer ---True
,What is OMVIC required to make available to the public? --- correct
precise answer ---A dealers name, address and phone number; a
salespersons name; any proposal to refuse to renew, suspend or
revoke the registration of a dealer or salesperson
Should OMVIC determine a dealers advertising to be false or
misleading what powers do they have to stop or correct it? --- correct
precise answer ---Order to the dealer to cease publication and or issue
a retraction or correction
If an order is used to stop or correct false advertising, for how long
may the dealer need to seek OMVIC pre approval for future
advertising? --- correct precise answer ---up to 2 years
What is the minimum age requirement to become a dealer? --- correct
precise answer ---18
If a person has been refused registration, what are 2 conditions that
have to be met before the person can reapply? --- correct precise
answer ---2 years have passed; new evidence to demonstrate
circumstances
, If OMVIC issues a proposal to refuse registration, to whom can the
applicant appeal? --- correct precise answer ---LAT (license appeal
tribunal ), Independent judicial body called LAT, within 15 days of
receiving the proposal
List the 4 classes of dealers --- correct precise answer ---General
dealer, Broker, Exporter, Wholesaler, Lease finance dealer
List 3 examples of individuals or businesses that are exempt from
registration --- correct precise answer ---Wholesale auction, wrecker,
lawyer
Where is the certificate of the dealer registration kept? --- correct
precise answer ---Where the public can see it
T or F: Dealers may sell vehicles from any location so long as they
have registered a head office with OMVIC --- correct precise answer --
-False
T or F: the MVDA specifies the records a dealer must maintain- these
records must be held for at least 6 years. --- correct precise answer --
-True
verified correct detailed answers latest
updated version 2025
What is the primary legislation governing Ontario's retail automotive
sector? --- correct precise answer ---MVDA
Which body or agency enforces MVDA? --- correct precise answer ---
OMVIC
How many people compose OMVIC's board of directors? --- correct
precise answer ---12 in total, 9 dealers and 3 consumer reps
What is the "transaction fee program"? --- correct precise answer ---
under the transaction fee program, dealers are required to remit $10
for each vehicle sold or leased to OMVIC. These funds are remitted
annually with the dealers registration renewal fee.
T or F: the fee can be passed on to the consumer --- correct precise
answer ---True
,What is OMVIC required to make available to the public? --- correct
precise answer ---A dealers name, address and phone number; a
salespersons name; any proposal to refuse to renew, suspend or
revoke the registration of a dealer or salesperson
Should OMVIC determine a dealers advertising to be false or
misleading what powers do they have to stop or correct it? --- correct
precise answer ---Order to the dealer to cease publication and or issue
a retraction or correction
If an order is used to stop or correct false advertising, for how long
may the dealer need to seek OMVIC pre approval for future
advertising? --- correct precise answer ---up to 2 years
What is the minimum age requirement to become a dealer? --- correct
precise answer ---18
If a person has been refused registration, what are 2 conditions that
have to be met before the person can reapply? --- correct precise
answer ---2 years have passed; new evidence to demonstrate
circumstances
, If OMVIC issues a proposal to refuse registration, to whom can the
applicant appeal? --- correct precise answer ---LAT (license appeal
tribunal ), Independent judicial body called LAT, within 15 days of
receiving the proposal
List the 4 classes of dealers --- correct precise answer ---General
dealer, Broker, Exporter, Wholesaler, Lease finance dealer
List 3 examples of individuals or businesses that are exempt from
registration --- correct precise answer ---Wholesale auction, wrecker,
lawyer
Where is the certificate of the dealer registration kept? --- correct
precise answer ---Where the public can see it
T or F: Dealers may sell vehicles from any location so long as they
have registered a head office with OMVIC --- correct precise answer --
-False
T or F: the MVDA specifies the records a dealer must maintain- these
records must be held for at least 6 years. --- correct precise answer --
-True
