OMVIC EXAM REVIEW 2026 UPDATED
QUESTIONS AND VERIFIED ANSWERS
COMPLETE GUIDE
◉ T or F: Service plans must be backed by an insurance company
Answer: False
◉ OMVIC inspectors must give how much notice before visiting
Answer: none
◉ T or F: an OMVIC inspector has the right to access dealer records,
but not the vehicles on the dealer's lot
Answer: False
◉ The OMVIC inspector:
Answer: May use the dealer's own computer system to produce
required information
◉ What is a curbsider?
Answer: They are unlicensed dealers posing as private sellers
, ◉ What are the common problems with the vehicles that curbsiders
sell?
Answer: Often misinterpreted, accident-damaged, odometer-
tampered, stolen or have liens
◉ Studies have shown the percentage of "private" vehicle ads are
actually placed by curbsiders is
Answer: 25%
◉ Curbsiders :
Answer: ignore tax law, avoid overhead, have an unfair advantage
over registered dealers
◉ Is the compensation fund available to all customers or only
customers who are consumers?
Answer: consumers only
◉ How much does each salesperson pay into the fund?
Answer: Nothing
◉ How much does each dealer pay into the fund?
Answer: $300
QUESTIONS AND VERIFIED ANSWERS
COMPLETE GUIDE
◉ T or F: Service plans must be backed by an insurance company
Answer: False
◉ OMVIC inspectors must give how much notice before visiting
Answer: none
◉ T or F: an OMVIC inspector has the right to access dealer records,
but not the vehicles on the dealer's lot
Answer: False
◉ The OMVIC inspector:
Answer: May use the dealer's own computer system to produce
required information
◉ What is a curbsider?
Answer: They are unlicensed dealers posing as private sellers
, ◉ What are the common problems with the vehicles that curbsiders
sell?
Answer: Often misinterpreted, accident-damaged, odometer-
tampered, stolen or have liens
◉ Studies have shown the percentage of "private" vehicle ads are
actually placed by curbsiders is
Answer: 25%
◉ Curbsiders :
Answer: ignore tax law, avoid overhead, have an unfair advantage
over registered dealers
◉ Is the compensation fund available to all customers or only
customers who are consumers?
Answer: consumers only
◉ How much does each salesperson pay into the fund?
Answer: Nothing
◉ How much does each dealer pay into the fund?
Answer: $300
