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OMVIC TEST PAPER 2026.pdf 1. Document information

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Voorbeeld 3 van de 20 pagina's

OMVIC TEST PAPER 1. Document information

Voorbeeld van de inhoud

OMVIC TEST PAPER 2026/2027 EXAM QUESTIONS AND
SOLUTIONS RATED A+
✔✔Ch.6 - True of False: The remedy of rescission is available to a customer who is
also a dealer. - ✔✔False

see 6.04

✔✔Ch.6 - Under the MVDA, a customer is entitled to rescission has how long to request
cancellation?

a. 30 days
b. 90 days
c. 180 days
d. One year - ✔✔b. 90 days

see 6.06

✔✔Ch.6 - True or False: Consumers may also have up to one year to request
rescission under the Consumer Protection Act. - ✔✔True

see 6.07

✔✔Ch.6 - What is the margin of error allowed to a dealer who provides the distance
driven (odometer reading) or who cannot determine the total distance driven, but can
determine the distance driven as of some past date? - ✔✔A margin of error is allowed
to a dealer when he or she determines the total distance driven or when he or she
cannot determine the total distance driven, but can determine the distance driven as of
some past date. The disclosure of distance made by the dealer is deemed to be
accurate if it is within the LESSER of five percent or 1,000 km of the correct distance
required to be disclosed.

✔✔Ch.6 - True or False: If the dealer "inflated" the selling amount of a vehicle and the
dollar amount of a trade-in, and the contract ends up being rescinded, the dealer would
have to return the inflated trade-in dollar amount. - ✔✔True

see 6.06

✔✔Ch.6 - True or False: Customers cannot rescind a contract if the dealer was
unaware of a vehicle's true history, or honestly believed the disclosure given to be
accurate. - ✔✔False

see 6.06 2

,✔✔Ch.7 - Check any statement that is correct (there may be more than one correct
statement):

When selling to another dealer:
a. Selling dealers must disclose previous use as a taxi, police vehicle, etc.
b. Selling dealers must disclose damage repairs in excess of $3,000
c. Selling dealers must disclose if the vehicle has two or more adjacent panels (that are
not bumper panels) that have been replaced
d. Selling dealers are not required to make disclosures in wholesale transactions - ✔✔a.
Selling dealers must disclose previous use as a taxi, police vehicle, etc.
b. Selling dealers must disclose damage repairs in excess of $3,000
c. Selling dealers must disclose if the vehicle has two or more adjacent panels (that are
not bumper panels) that have been replaced

see 7.04

✔✔Ch.7 - Are the requirements for the sale or lease of a vehicle to another dealer in the
MVDA the General Regulations or the Code of Ethics Regulations? - ✔✔Code of Ethics
Regulations

see 7.03

✔✔Ch.7 - Provide two potential facts related to a vehicles history that must be disclosed
in dealer-to-dealer sales and leases. - ✔✔Any two from 7.04.

✔✔Ch.7 - True or False: In dealer-to-dealer transactions, the following disclosure is not
required as it is for retail transactions only - any fact about the vehicle that affects the
structural or mechanical quality or performance of the vehicle that, if disclosed, could
reasonably be expected to influence the decision of a reasonable buyer or lessee to buy
or least the vehicle. - ✔✔False

see 7.04

✔✔Ch.7 - When selling to another dealer, what must the selling dealer do if he/she
cannot determine the distance the vehicle has been driven? - ✔✔If the dealer cannot
determine the total distance the vehicle has been driven, but can determine the distance
the vehicle has been driven as of some past date, provide a statement of that distance
and date, together with a statement that "the total distance the vehicle has been driven
is believed to be higher."

If the dealer cannot determine the total distance the vehicle has been driven, nor the
distance the vehicle has been driven as of some past date, provide a statement that
"the total distance the vehicle has been driven is unknown and may be substantially
higher than the reading shown on the odometer."

, see 7.04 2., 3.

✔✔Ch.7 - Check any statement that is correct:

A contract for sale or least of a vehicle between dealers:
a. Must disclose specific information to comply with the Code of Ethics Regulations
b. Must disclose exactly the same information required in the sale of a vehicle to a
purchaser who is a consumer
c. Must disclose a statement as to whether CAMVAP is available
d. Is subject to the provisions of the Consumer Protection Act - ✔✔a. Must disclose
specific information to comply with the Code of Ethics Regulations

see 7.04

✔✔Ch.8 - If a dealer's advertisement contains a price for a vehicle, that price must
include:

a. Administration fees
b. Taxes (unless ad states in a clear, comprehensible and prominent manner that taxes
are not included)
c. Freight and PDI
d. "Other" mandatory fees such as documentation fees, window-etching fees, SSC fees,
etc.
e. All of the above - ✔✔e. All of the above

see 8.06

✔✔Ch.8 - True or False: If an advertisement is for a vehicle that was previously used as
a police vehicle, that information must be prominently displayed in the ad. - ✔✔True

see 8.05 or 8.12

✔✔Ch.8 - True or False: If an advertisement is for a vehicle of the current model year,
but the vehicle is used, the ad must clearly state the vehicle is used. - ✔✔True

see 8.05 or 8.12

✔✔Ch.8 - If OMVIC believes a dealer's advertisement to be false, misleading or
deceptive, it can:

a. Take the dealer to the LAT
b. Sue the dealer for misrepresentation
c. Order the dealer to issue a retraction or correction - ✔✔c. Order the dealer to issue a
retraction or correction

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