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