OMVIC 2026/2027 QUESTIONS AND SOLUTIONS RATED
A+
✔✔List two possible situations which could result in OMVIC applying to a court to
appoint a reciever and manager to assume temporary control of a dealership. - ✔✔This
action could be taken..
- If there has been an investigation
- If the dealership is about to fail
- If OMVIC is proposing to revoke a registration
- If a freeze order it about to be made
✔✔What is the minimum age requirement to become a dealer? - ✔✔18
✔✔List three requirements that must be met when applying to become a salesperson? -
✔✔Three requirements are:
1) Complete/pass certification course
2) Pay fee
3) Be employed or retained by a registered dealer to act as a salesperson
✔✔T/F: All dealer and salesperson applicants undergo a Canada-wide criminal record
search as part of the application screening process. - ✔✔TRUE
✔✔Which of the following must be registered with OMVIC (select all that apply):
a) Dealers
b) Salespersons
c) Business Managers
d) Finance Managers
e) Service Managers - ✔✔Registered with OMVIC are:
a) Dealers
b) Salespersons
c) Business Manager
d) Finance Manager
- NOT Service Managers
✔✔List two reasons why OMVIC might refuse the registration of a dealer of
salesperson. - ✔✔Any two of:
- Past conduct
- False statement on applicaton
- Failed to comply with terms
- Cannot be expected to be financially responsible
- The Compensation Fund has paid out a claim that has not been reimbursed
✔✔If a person has been refused registration, what is one condition that has to be met
before the person can re-apply? - ✔✔One of the following:
A+
✔✔List two possible situations which could result in OMVIC applying to a court to
appoint a reciever and manager to assume temporary control of a dealership. - ✔✔This
action could be taken..
- If there has been an investigation
- If the dealership is about to fail
- If OMVIC is proposing to revoke a registration
- If a freeze order it about to be made
✔✔What is the minimum age requirement to become a dealer? - ✔✔18
✔✔List three requirements that must be met when applying to become a salesperson? -
✔✔Three requirements are:
1) Complete/pass certification course
2) Pay fee
3) Be employed or retained by a registered dealer to act as a salesperson
✔✔T/F: All dealer and salesperson applicants undergo a Canada-wide criminal record
search as part of the application screening process. - ✔✔TRUE
✔✔Which of the following must be registered with OMVIC (select all that apply):
a) Dealers
b) Salespersons
c) Business Managers
d) Finance Managers
e) Service Managers - ✔✔Registered with OMVIC are:
a) Dealers
b) Salespersons
c) Business Manager
d) Finance Manager
- NOT Service Managers
✔✔List two reasons why OMVIC might refuse the registration of a dealer of
salesperson. - ✔✔Any two of:
- Past conduct
- False statement on applicaton
- Failed to comply with terms
- Cannot be expected to be financially responsible
- The Compensation Fund has paid out a claim that has not been reimbursed
✔✔If a person has been refused registration, what is one condition that has to be met
before the person can re-apply? - ✔✔One of the following:
