OMVIC Test Questions and Verified Answers.

OMVIC Test Questions and Verified Answers
Question 1
Ch.14 - If a repair involves the installation of new or reconditioned parts, which of the
following statements is most correct?

a. The minimum warranty on repairs is 90 days or 5,000 km (whichever comes first)
b. The minimum warranty on repairs is 180 days or 10,000 km (whichever comes first)
c. There is no warranty on repairs unless it is written on the repair invoice
Correct Answer
a. The minimum warranty on repairs is 90 days or 5,000 km (whichever comes first)

see 14.04



Question 2
Ch.17 - Other than a fine, what other penalties might the Discipline Committee
impose?
Correct Answer
The Discipline Committee can also order:
- The dealer or salesperson to take further educational courses
- The dealer to pay for educational courses for its salespeople
- The dealer or salesperson to pay costs

see 17.06



Question 3
Ch.8 - True or False: If an advertisement is for a vehicle of the current model year, but
the vehicle is used, the ad must clearly state the vehicle is used.
Correct Answer
True

see 8.05 or 8.12




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,Question 4
Ch.4 - What does the term "as is" mean?
Correct Answer
"As Is": The vehicle is not represented as being in road worthy condition,
mechanically sound or maintained at any guaranteed level of quality. The vehicle
may not be fit for use as a means of transportation and may require substantial
repairs at the buyer's expense. It may not be possible to register the vehicle to be
driven in its current condition.

see 4.05 23.



Question 5
Ch.13 - Choose the most correct answer.

An unconscionable representation:

a. May involve taking advantage of a consumer who cannot protect his or her own
interests
b. Involves a customer who has no conscience
c. Must involve selling a vehicle at a price that is ridiculously high
Correct Answer
a. May involve taking advantage of a consumer who cannot protect his or her own
interests

see 13.11



Question 6
Ch.18 - True or False: Only monies over $10,000 that are received from a consignment
sale must be deposited in the dealer's trust account.
Correct Answer
False (all monies received in consignment deal must be placed in a trust account.)




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,Question 7
Ch.2 - Should OMVIC issue a proposal to refuse (or revoke) registration, to whom can
the applicant appeal?
Correct Answer
License Appeal Tribunal (LAT)

see 2.12



Question 8
Ch.6 - True or False: Customers cannot rescind a contract if the dealer was unaware of
a vehicle's true history, or honestly believed the disclosure given to be accurate.
Correct Answer
False

see 6.06 2



Question 9
Ch.6 - True or False: If the dealer "inflated" the selling amount of a vehicle and the
dollar amount of a trade-in, and the contract ends up being rescinded, the dealer
would have to return the inflated trade-in dollar amount.
Correct Answer
True

see 6.06



Question 10
Ch.3 - The MVDA specifies the records a dealer must maintain.
True or False: These records must be kept for at least six years.
Correct Answer
True

see 3.05




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, Question 11
Ch.3 - True or False: Before issuing a freeze order (freezing the dealer's assets or trust
funds), OMVIC must first notify the dealer.
Correct Answer
False

see 3.08



Question 12
Ch.2 - What is the minimum age requirement to become a dealer?
Correct Answer
18

see 2.05



Question 13
Ch.10 - True or False: The inspector cannot remove anything from the dealer without
the dealer's permission or a warrant.
Correct Answer
False

see 10.04



Question 14
Ch.2 - List three requirements that must be met when applying to become a
salesperson.
Correct Answer
Three requirements are:
- Complete/pass certification course
- Pay fee
- Be employed or retained by a registered dealer to act as a salesperson

see 2.07




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