OMVIC LATEST 2025
OMVIC LATEST 2025 PREPARATION EXAM
(ANSWERED 100%) RATED A+
What is the primary legislation governing Ontario's retail automotive sector?
MVDA
Which body or agency enforces MVDA?
OMVIC
How many people compose OMVIC's board of directors?
12 in total, 9 dealers and 3 consumer reps
What is the "transaction fee program"?
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
True
What is OMVIC required to make available to the public?
,OMVIC LATEST 2025
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?
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?
up to 2 years
What is the minimum age requirement to become a dealer?
18
If a person has been refused registration, what are 2 conditions that have to be met before the person
can reapply?
2 years have passed; new evidence to demonstrate circumstances
If OMVIC issues a proposal to refuse registration, to whom can the applicant appeal?
LAT (license appeal tribunal ), Independent judicial body called LAT, within 15 days of receiving the
proposal
List the 4 classes of dealers
General dealer, Broker, Exporter, Wholesaler, Lease finance dealer
, OMVIC LATEST 2025
List 3 examples of individuals or businesses that are exempt from registration
Wholesale auction, wrecker, lawyer
Where is the certificate of the dealer registration kept?
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
False
T or F: the MVDA specifies the records a dealer must maintain- these records must be held for at least 6
years.
True
Which records of employees must be maintained?
Employee names, proof of payments, and employee salaries
If a dealer's records are destroyed or stolen, the dealer must notify?
OMVIC, in writing, within 5 days
In order for a remote storage location to be approved by OMVIC, which condition must be met?
OMVIC LATEST 2025 PREPARATION EXAM
(ANSWERED 100%) RATED A+
What is the primary legislation governing Ontario's retail automotive sector?
MVDA
Which body or agency enforces MVDA?
OMVIC
How many people compose OMVIC's board of directors?
12 in total, 9 dealers and 3 consumer reps
What is the "transaction fee program"?
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
True
What is OMVIC required to make available to the public?
,OMVIC LATEST 2025
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?
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?
up to 2 years
What is the minimum age requirement to become a dealer?
18
If a person has been refused registration, what are 2 conditions that have to be met before the person
can reapply?
2 years have passed; new evidence to demonstrate circumstances
If OMVIC issues a proposal to refuse registration, to whom can the applicant appeal?
LAT (license appeal tribunal ), Independent judicial body called LAT, within 15 days of receiving the
proposal
List the 4 classes of dealers
General dealer, Broker, Exporter, Wholesaler, Lease finance dealer
, OMVIC LATEST 2025
List 3 examples of individuals or businesses that are exempt from registration
Wholesale auction, wrecker, lawyer
Where is the certificate of the dealer registration kept?
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
False
T or F: the MVDA specifies the records a dealer must maintain- these records must be held for at least 6
years.
True
Which records of employees must be maintained?
Employee names, proof of payments, and employee salaries
If a dealer's records are destroyed or stolen, the dealer must notify?
OMVIC, in writing, within 5 days
In order for a remote storage location to be approved by OMVIC, which condition must be met?
