OMVIC Automative Test
(Chapter 1-18)
(2026–2027)
Exam Questions With Verified Correct
Solutions |100% Guaranteed Pass |
Latest Version | Grade A+
, How many people compose OMVIC's board of 12 in total, 9 dealers and 3 consumer reps
directors? Of these, how many represent the industry
and how many represent consumers? (C1)
Briefly explain the "Transaction Fee Program" (C1). Under the transaction fee program, dealers are required to remit $10 for each
vehicle sold or leased (including fleet and "as is" transactions) to OMVIC. These
funds are remitted annually with the dealers registration renewal fee.
True or False: Under the Transaction Fee Program, the True
dealers are required to remit $10 (to OMVIC) for each
retail vehicle sold or leased. (C1)
T or F: the fee can be passed on to the consumer (C1) True
What is OMVIC required to make available to the d) all of the above
public? (C1)
a) A dealers name, address and phone number
b) a salespersons name
c) any proposal to refuse to renew, suspend or revoke
the registration of a dealer or salesperson
d) all of the above
Should OMVIC determine a dealers advertising to be OMVIC may issue an order requiring the dealer to cease publication and/or
false or misleading what powers do they have to stop issue a retraction or correction.
or correct it? (C1)
If an order is used to stop or correct false advertising, Up to two years
for how long may the dealer need to seek OMVIC pre
approval for future advertising? (C1)
List two possible situations which could result in This action might be taken:
OMVIC applying to a court to appoint a receiver and - If there has been an investigation
manager to assume temporary control of a - If the dealership is about to fall
dealership. (C1) - If OMVIC is proposing to revoke a registration
- If a freeze order is about to be made
What is the minimum age requirement to become a 18
dealer? (C2)
List three requirements that must be met when - Complete/pass certification course
applying to become a salesperson.(C2) - Pay fee
- Be employed or retained by a registered dealer to act as a salesperson.
(Chapter 1-18)
(2026–2027)
Exam Questions With Verified Correct
Solutions |100% Guaranteed Pass |
Latest Version | Grade A+
, How many people compose OMVIC's board of 12 in total, 9 dealers and 3 consumer reps
directors? Of these, how many represent the industry
and how many represent consumers? (C1)
Briefly explain the "Transaction Fee Program" (C1). Under the transaction fee program, dealers are required to remit $10 for each
vehicle sold or leased (including fleet and "as is" transactions) to OMVIC. These
funds are remitted annually with the dealers registration renewal fee.
True or False: Under the Transaction Fee Program, the True
dealers are required to remit $10 (to OMVIC) for each
retail vehicle sold or leased. (C1)
T or F: the fee can be passed on to the consumer (C1) True
What is OMVIC required to make available to the d) all of the above
public? (C1)
a) A dealers name, address and phone number
b) a salespersons name
c) any proposal to refuse to renew, suspend or revoke
the registration of a dealer or salesperson
d) all of the above
Should OMVIC determine a dealers advertising to be OMVIC may issue an order requiring the dealer to cease publication and/or
false or misleading what powers do they have to stop issue a retraction or correction.
or correct it? (C1)
If an order is used to stop or correct false advertising, Up to two years
for how long may the dealer need to seek OMVIC pre
approval for future advertising? (C1)
List two possible situations which could result in This action might be taken:
OMVIC applying to a court to appoint a receiver and - If there has been an investigation
manager to assume temporary control of a - If the dealership is about to fall
dealership. (C1) - If OMVIC is proposing to revoke a registration
- If a freeze order is about to be made
What is the minimum age requirement to become a 18
dealer? (C2)
List three requirements that must be met when - Complete/pass certification course
applying to become a salesperson.(C2) - Pay fee
- Be employed or retained by a registered dealer to act as a salesperson.
