OMVIC UPDATED EXAMS TEST PAPER
QUESTIONS AND ANSWERS SURE A+
✔✔Ch.2 - True of False: A salesperson must produce his or her registration certificate
for inspection if a customer asks to see it. - ✔✔True
see 2.09
✔✔Ch.2 - In your own words describe:
a. Both classes of General Dealers
b. Three other classes - ✔✔a. General dealer, consisting of the following subclasses
++ New and used motor vehicles
++ Used motor vehicles
- Broker
- Wholesaler
- Exporter
- Outside Ontario dealer
- Lease finance dealer
- Fleet lessor, O. Reg. 333/08, s. 18(1), O. Reg 377/09, s 2.
see 2.16
,✔✔Ch.3 - True or False: Dealers may sell vehicles from any location, so long as they
have registered a head office with OMVIC. - ✔✔False
see 3.04
✔✔Ch.3 - List two requirements for a dealer's premises. - ✔✔Any two of:
- Have a business office (large enough to store records securely)
- Have a clearly visible sign identifying registered name
- Be approved for use as a dealership by municipality
see 3.04
✔✔Ch.3 - The MVDA specifies the records a dealer must maintain.
True or False: These records must be kept for at least six years. - ✔✔True
see 3.05
✔✔Ch.3 - List four examples of the information (related to vehicles sold or leased) that
must be maintained in a dealer's records. - ✔✔Any four points from 3.05 1
✔✔Ch.3 - Which of the following records related to employees must be maintained:
a. Employee names
b. Employee salaries
c. Proof of payments
d. All of the above - ✔✔d. All of the above
see 3.05
✔✔Ch.3 - Choose the most correct answer. If a dealer's records are destroyed or
stolen, the dealer must notify:
a. The OMVIC inspector when he or she arrives for the next scheduled inspection
b. OMVIC, in writing, within five days
c. An OMVIC investigator within 30 days
d. The Ministry of Government and Consumer Services, in writing, within 10 days -
✔✔b. OMVIC, in writing, within five days
see 3.05
✔✔Ch.3 - What must a dealer do if they wish to store records somewhere other than
the location from which they trade? - ✔✔Apply for and receive written authorization from
OMVIC's Registrar.
, see 3.05
✔✔Ch.3 - In order for a remote storage location to be approved by OMVIC, which
condition must be met?
a. The location has a security system
b. The location is always accessible to OMVIC staff during normal business hours
c. The location is in the same municipality as the dealer's registered address
d. All of the above - ✔✔b. The location is always accessible to OMVIC staff during
normal business hours
see 3.05
✔✔Ch.3 - True of False: Under the MVDA, all dealers are required to maintain a trust
account. - ✔✔False
see 3.07
✔✔Ch.3 - Deposits over what amount must be kept in a trust account?
a. $1,000
b. $5,000
c. $10,000
d. No amount of deposit needs to be placed in a trust account - ✔✔c. $10,000
see 3.07
✔✔Ch.3 - True or False: Before issuing a freeze order (freezing the dealer's assets or
trust funds), OMVIC must first notify the dealer. - ✔✔False
see 3.08
✔✔Ch.4 - On a purchase contract, what must be printed in 14 pt. bold font next to the
buyer's signature? - ✔✔The mandatory "Sales Final" statement
see 4.04 19. or 4.05 17.
✔✔Ch.4 - List four items that must be in a contract for the sale of a new vehicle. -
✔✔Any four from 4.04.
✔✔Ch.4 - If a dealer does not have a specific new vehicle in stock, but will locate the
vehicle and bring it in, what must be disclosed to the purchaser regarding the mileage? -
QUESTIONS AND ANSWERS SURE A+
✔✔Ch.2 - True of False: A salesperson must produce his or her registration certificate
for inspection if a customer asks to see it. - ✔✔True
see 2.09
✔✔Ch.2 - In your own words describe:
a. Both classes of General Dealers
b. Three other classes - ✔✔a. General dealer, consisting of the following subclasses
++ New and used motor vehicles
++ Used motor vehicles
- Broker
- Wholesaler
- Exporter
- Outside Ontario dealer
- Lease finance dealer
- Fleet lessor, O. Reg. 333/08, s. 18(1), O. Reg 377/09, s 2.
see 2.16
,✔✔Ch.3 - True or False: Dealers may sell vehicles from any location, so long as they
have registered a head office with OMVIC. - ✔✔False
see 3.04
✔✔Ch.3 - List two requirements for a dealer's premises. - ✔✔Any two of:
- Have a business office (large enough to store records securely)
- Have a clearly visible sign identifying registered name
- Be approved for use as a dealership by municipality
see 3.04
✔✔Ch.3 - The MVDA specifies the records a dealer must maintain.
True or False: These records must be kept for at least six years. - ✔✔True
see 3.05
✔✔Ch.3 - List four examples of the information (related to vehicles sold or leased) that
must be maintained in a dealer's records. - ✔✔Any four points from 3.05 1
✔✔Ch.3 - Which of the following records related to employees must be maintained:
a. Employee names
b. Employee salaries
c. Proof of payments
d. All of the above - ✔✔d. All of the above
see 3.05
✔✔Ch.3 - Choose the most correct answer. If a dealer's records are destroyed or
stolen, the dealer must notify:
a. The OMVIC inspector when he or she arrives for the next scheduled inspection
b. OMVIC, in writing, within five days
c. An OMVIC investigator within 30 days
d. The Ministry of Government and Consumer Services, in writing, within 10 days -
✔✔b. OMVIC, in writing, within five days
see 3.05
✔✔Ch.3 - What must a dealer do if they wish to store records somewhere other than
the location from which they trade? - ✔✔Apply for and receive written authorization from
OMVIC's Registrar.
, see 3.05
✔✔Ch.3 - In order for a remote storage location to be approved by OMVIC, which
condition must be met?
a. The location has a security system
b. The location is always accessible to OMVIC staff during normal business hours
c. The location is in the same municipality as the dealer's registered address
d. All of the above - ✔✔b. The location is always accessible to OMVIC staff during
normal business hours
see 3.05
✔✔Ch.3 - True of False: Under the MVDA, all dealers are required to maintain a trust
account. - ✔✔False
see 3.07
✔✔Ch.3 - Deposits over what amount must be kept in a trust account?
a. $1,000
b. $5,000
c. $10,000
d. No amount of deposit needs to be placed in a trust account - ✔✔c. $10,000
see 3.07
✔✔Ch.3 - True or False: Before issuing a freeze order (freezing the dealer's assets or
trust funds), OMVIC must first notify the dealer. - ✔✔False
see 3.08
✔✔Ch.4 - On a purchase contract, what must be printed in 14 pt. bold font next to the
buyer's signature? - ✔✔The mandatory "Sales Final" statement
see 4.04 19. or 4.05 17.
✔✔Ch.4 - List four items that must be in a contract for the sale of a new vehicle. -
✔✔Any four from 4.04.
✔✔Ch.4 - If a dealer does not have a specific new vehicle in stock, but will locate the
vehicle and bring it in, what must be disclosed to the purchaser regarding the mileage? -
