OMVIC CERTIFICATION ACTUAL EXAM PAPER
2026 TWO TESTING VERSIONS WITH
CORRECT SOLUTIONS AND STUDY NOTES
◉ Which body or agency enforces MVDA? Answer: OMVIC
◉ How many people compose OMVIC's board of directors? Answer:
12 in total, 9 dealers and 3 consumer reps
◉ What is the "transaction fee program"? 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 Answer: True
◉ What is OMVIC required to make available to the public? 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? 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? Answer: up to 2 years
◉ What is the minimum age requirement to become a dealer?
Answer: 18
◉ If a person has been refused registration, what are 2 conditions
that have to be met before the person can reapply? Answer: 2 years
have passed; new evidence to demonstrate circumstances
◉ If OMVIC issues a proposal to refuse registration, to whom can the
applicant appeal? Answer: LAT (license appeal tribunal ),
Independent judicial body called LAT, within 15 days of receiving the
proposal
◉ List the 4 classes of dealers Answer: General dealer, Broker,
Exporter, Wholesaler, Lease finance dealer
◉ List 3 examples of individuals or businesses that are exempt from
registration Answer: Wholesale auction, wrecker, lawyer
, ◉ Where is the certificate of the dealer registration kept? 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 Answer: False
◉ T or F: the MVDA specifies the records a dealer must maintain-
these records must be held for at least 6 years. Answer: True
◉ Which records of employees must be maintained? Answer:
Employee names, proof of payments, and employee salaries
◉ If a dealer's records are destroyed or stolen, the dealer must
notify? Answer: OMVIC, in writing, within 5 days
◉ In order for a remote storage location to be approved by OMVIC,
which condition must be met? Answer: The location is always
accessible to OMVIC staff during normal business hours
◉ T or F: Under the MVDA, all dealers are required to maintain a
trust account Answer: False
◉ Deposits over what amount must be kept in a trust account?
Answer: $10 000 (ten thousand)
2026 TWO TESTING VERSIONS WITH
CORRECT SOLUTIONS AND STUDY NOTES
◉ Which body or agency enforces MVDA? Answer: OMVIC
◉ How many people compose OMVIC's board of directors? Answer:
12 in total, 9 dealers and 3 consumer reps
◉ What is the "transaction fee program"? 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 Answer: True
◉ What is OMVIC required to make available to the public? 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? 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? Answer: up to 2 years
◉ What is the minimum age requirement to become a dealer?
Answer: 18
◉ If a person has been refused registration, what are 2 conditions
that have to be met before the person can reapply? Answer: 2 years
have passed; new evidence to demonstrate circumstances
◉ If OMVIC issues a proposal to refuse registration, to whom can the
applicant appeal? Answer: LAT (license appeal tribunal ),
Independent judicial body called LAT, within 15 days of receiving the
proposal
◉ List the 4 classes of dealers Answer: General dealer, Broker,
Exporter, Wholesaler, Lease finance dealer
◉ List 3 examples of individuals or businesses that are exempt from
registration Answer: Wholesale auction, wrecker, lawyer
, ◉ Where is the certificate of the dealer registration kept? 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 Answer: False
◉ T or F: the MVDA specifies the records a dealer must maintain-
these records must be held for at least 6 years. Answer: True
◉ Which records of employees must be maintained? Answer:
Employee names, proof of payments, and employee salaries
◉ If a dealer's records are destroyed or stolen, the dealer must
notify? Answer: OMVIC, in writing, within 5 days
◉ In order for a remote storage location to be approved by OMVIC,
which condition must be met? Answer: The location is always
accessible to OMVIC staff during normal business hours
◉ T or F: Under the MVDA, all dealers are required to maintain a
trust account Answer: False
◉ Deposits over what amount must be kept in a trust account?
Answer: $10 000 (ten thousand)
