OMVIC Exam Questions and Answers
(Latest Update 2026)
Ch.1 - What is the primary legislation governing Ontario's retail
automotive sector? -
correct answer ✅The Motor Vehicle Dealers Act, 2002
see 1.04
Ch.1 - Which body or agency enforces the MVDA?
a. Ministry of Government and Consumer Services
b. TADA
c. OMVIC
d. Automotive Business School of Canada -
correct answer ✅c. OMVIC
see 1.04
Ch.1 - List three functions carried out by OMVIC. -
correct answer ✅Any three of the following:
- Administers and enforces the MVDA
- Inspects dealers
,OMVIC Exam Questions and Answers
(Latest Update 2026)
- Maintains a complaint line for consumers
- Conducts investigations
- Conducts disciplinary hearings
-Conducts prosecutions
- Administers the Compensation Fund
see 1.07
Ch.1 - How many people compose OMVIC's Board of Directors? Of
these, how many represent the industry and how many represent
the consumers? -
correct answer ✅Twelve total, nine dealers and three consumer
reps
see 1.07
Ch.1 - Briefly explain the "Transaction Fee Program." -
correct answer ✅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 dealer's registration renewal fee.
,OMVIC Exam Questions and Answers
(Latest Update 2026)
see 1.08
Ch.1 - True of False: Under the Transaction Fee Program, dealers are
required to remit $10 (to OMVIC) for each retail vehicle sold or
leased. -
correct answer ✅True
see 1.08
Ch.1 - True or False: The transaction fee can be passed along to the
customer. -
correct answer ✅True
see 1.08
Ch.1 - What information is OMVIC required to make available to the
public?
a. A dealer's business name, address and phone number
b. A Salesperson's name
, OMVIC Exam Questions and Answers
(Latest Update 2026)
c. Any proposal to refuse to renew, suspend or revoke the
registration of a dealer or a salesperson
d. All of the above -
correct answer ✅d. All of the above
see 1.12
Ch.1 - Should OMVIC determine a dealer's advertising to be false or
misleading, what powers does OMVIC have to stop or correct it? -
correct answer ✅OMVIC may issue an order requiring the dealer
to cease publication and/or issue a retractions or correction.
see 1.12
Ch.1 - If an order is used to stop or correct false advertising, for
how long may the dealer need to seek OMVIC's pre-approval for
future advertising? -
correct answer ✅Up to two years
see 1.09
(Latest Update 2026)
Ch.1 - What is the primary legislation governing Ontario's retail
automotive sector? -
correct answer ✅The Motor Vehicle Dealers Act, 2002
see 1.04
Ch.1 - Which body or agency enforces the MVDA?
a. Ministry of Government and Consumer Services
b. TADA
c. OMVIC
d. Automotive Business School of Canada -
correct answer ✅c. OMVIC
see 1.04
Ch.1 - List three functions carried out by OMVIC. -
correct answer ✅Any three of the following:
- Administers and enforces the MVDA
- Inspects dealers
,OMVIC Exam Questions and Answers
(Latest Update 2026)
- Maintains a complaint line for consumers
- Conducts investigations
- Conducts disciplinary hearings
-Conducts prosecutions
- Administers the Compensation Fund
see 1.07
Ch.1 - How many people compose OMVIC's Board of Directors? Of
these, how many represent the industry and how many represent
the consumers? -
correct answer ✅Twelve total, nine dealers and three consumer
reps
see 1.07
Ch.1 - Briefly explain the "Transaction Fee Program." -
correct answer ✅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 dealer's registration renewal fee.
,OMVIC Exam Questions and Answers
(Latest Update 2026)
see 1.08
Ch.1 - True of False: Under the Transaction Fee Program, dealers are
required to remit $10 (to OMVIC) for each retail vehicle sold or
leased. -
correct answer ✅True
see 1.08
Ch.1 - True or False: The transaction fee can be passed along to the
customer. -
correct answer ✅True
see 1.08
Ch.1 - What information is OMVIC required to make available to the
public?
a. A dealer's business name, address and phone number
b. A Salesperson's name
, OMVIC Exam Questions and Answers
(Latest Update 2026)
c. Any proposal to refuse to renew, suspend or revoke the
registration of a dealer or a salesperson
d. All of the above -
correct answer ✅d. All of the above
see 1.12
Ch.1 - Should OMVIC determine a dealer's advertising to be false or
misleading, what powers does OMVIC have to stop or correct it? -
correct answer ✅OMVIC may issue an order requiring the dealer
to cease publication and/or issue a retractions or correction.
see 1.12
Ch.1 - If an order is used to stop or correct false advertising, for
how long may the dealer need to seek OMVIC's pre-approval for
future advertising? -
correct answer ✅Up to two years
see 1.09
