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Omvic Comprehensive Exam 2026.Pdf

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OMVIC COMPREHENSIVE EXAM

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OMVIC COMPREHENSIVE EXAM 2026/2027 QUESTIONS
AND SOLUTIONS RATED A+
✔✔Is it possible for more than one party to hold a lien on the same vehicle? - ✔✔yes

✔✔If a dealer agrees to pay out a lien on a customer's trade-in, the lien must be paid
out: - ✔✔immediately

✔✔T or F: if a dealer pays out a lien on a customer's trade-in, he or she must give the
customer a copy of the release letter from the financial institution - ✔✔true

✔✔T or F: a customer should do a lien check on a vehicle being purchased from a
dealer - ✔✔False

✔✔Explain the "merchantable quality" as it relates to a used vehicle - ✔✔A used vehicle
of merchantable quality has no hidden defects and will provide reasonable
transportation for a reasonable period of time

✔✔T or F: the Sale of Goods Act covers repairs - ✔✔false

✔✔Purchasers are entitled to "quiet procession" of their vehicles. If a dealer innocently
sold a consumer a vehicle that subsequently turned out to be stolen and was seized by
the police, what should the dealer do? - ✔✔return the purchaser's money and contact
the seller of the vehicle to seek a refund of the money paid by the dealer. The dealer
may also contact OMVIC for assistance

✔✔Under the Sale of Goods Act, vehicles sold must: - ✔✔provide reasonable
transportation for a reasonable period of time; be fit for the purpose for which they are
intended

✔✔T or F: the Sale of Goods Act does not apply to vehicles sold "as is" - ✔✔False

✔✔T or F: If the customer enters into the contract but refuses to complete the sale, the
dealer can keep 100% of any deposit, regardless of the sale - ✔✔False

✔✔T or F: The Code of Ethics Regulations are guidelines or "best practices" but do not
have any legal authority - ✔✔False

✔✔Dealers and salespeople are required to conduct business in accordance with the
law and with? - ✔✔Integrity, fairness and honesty

✔✔Failure to abide by the Code of Ethics Regulations can result in: - ✔✔Revocation of
registration, a disciplinary hearing, refusal to grant or renew registration

, ✔✔T or F: an "order" of the OMVIC discipline committee is final and cannot be appealed
- ✔✔False

✔✔What is the Canadian Motor Vehicle Arbitration Plan? - ✔✔CAMVAP is a program
where disputes between consumers and vehicle manufacturers about alleged
manufacturing defects or implementation of a manufacturer's new vehicle warranty can
be put before an arbitrator for resolution

✔✔Briefly explain a "consignment transaction" - ✔✔a vehicle owner (cosigner) gives a
vehicle to a dealer (consignee) to sell on the owner's behalf

✔✔T or F: the total amount the dealer will charge the cosigner on the sale of the vehicle
(whether as a fixed amount or a commission share) can be negotiated after the sale and
does not have to be included in the contract - ✔✔false

✔✔T or F: all new car manufacturers participate in CAMVAP - ✔✔false

✔✔T or F: CAMVAP decisions cannot be appealed - ✔✔True

✔✔T or F: only monies over $10 000 that are received from a consignment sale must
be deposited in the dealer's trust account - ✔✔true

✔✔Dealer plates are issued by: - ✔✔Ministry of Transportation

✔✔T or F: at a wholesale auction, dealers may be accompanied by a customer so long
as the customer bids only through the dealer - ✔✔False

✔✔Who administers Ontario's Drive Clean program? - ✔✔Ministry of Environment

✔✔T or F: Vehicles branded as irreparable can be rebranded as rebuilt only after the
vehicle receives a Structural Repair Certificate from a licensed repair facility - ✔✔False

✔✔A Safety Standards Certificate is required when - ✔✔transferring a used motor
vehicle to a new owner as fit; registering a motor vehicle in Ontario that was previously
registered in another province or country; changing the status of a vehicle from unfit to
fit; registering a rebuilt motor vehicle

✔✔How long is a Safety Standards Certificate valid? - ✔✔36 days

✔✔Used vehicle information packages are required in - ✔✔private sales

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Uploaded on
July 19, 2026
Number of pages
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Written in
2025/2026
Type
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Questions & answers
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