OMVIC Exam Questions & Answers
(Grade A+)
What is the primary legislation governing Ontario's retail
automotive sector? -
correct answer ✅MVDA
Which body or agency enforces MVDA? -
correct answer ✅OMVIC
How many people compose OMVIC's board of directors? -
correct answer ✅12 in total, 9 dealers and 3 consumer reps
What is the "transaction fee program"? -
correct answer ✅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 -
correct answer ✅True
What is OMVIC required to make available to the public? -
correct answer ✅A dealers name, address and phone number; a
,OMVIC Exam Questions & Answers
(Grade 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? -
correct answer ✅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? -
correct answer ✅up to 2 years
What is the minimum age requirement to become a dealer? -
correct answer ✅18
If a person has been refused registration, what are 2 conditions that
have to be met before the person can reapply? -
correct answer ✅2 years have passed; new evidence to
demonstrate circumstances
, OMVIC Exam Questions & Answers
(Grade A+)
If OMVIC issues a proposal to refuse registration, to whom can the
applicant appeal? -
correct answer ✅LAT (license appeal tribunal ), Independent
judicial body called LAT, within 15 days of receiving the proposal
List the 4 classes of dealers -
correct answer ✅General dealer, Broker, Exporter, Wholesaler,
Lease finance dealer
List 3 examples of individuals or businesses that are exempt from
registration -
correct answer ✅Wholesale auction, wrecker, lawyer
Where is the certificate of the dealer registration kept? -
correct answer ✅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 -
correct answer ✅False
(Grade A+)
What is the primary legislation governing Ontario's retail
automotive sector? -
correct answer ✅MVDA
Which body or agency enforces MVDA? -
correct answer ✅OMVIC
How many people compose OMVIC's board of directors? -
correct answer ✅12 in total, 9 dealers and 3 consumer reps
What is the "transaction fee program"? -
correct answer ✅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 -
correct answer ✅True
What is OMVIC required to make available to the public? -
correct answer ✅A dealers name, address and phone number; a
,OMVIC Exam Questions & Answers
(Grade 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? -
correct answer ✅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? -
correct answer ✅up to 2 years
What is the minimum age requirement to become a dealer? -
correct answer ✅18
If a person has been refused registration, what are 2 conditions that
have to be met before the person can reapply? -
correct answer ✅2 years have passed; new evidence to
demonstrate circumstances
, OMVIC Exam Questions & Answers
(Grade A+)
If OMVIC issues a proposal to refuse registration, to whom can the
applicant appeal? -
correct answer ✅LAT (license appeal tribunal ), Independent
judicial body called LAT, within 15 days of receiving the proposal
List the 4 classes of dealers -
correct answer ✅General dealer, Broker, Exporter, Wholesaler,
Lease finance dealer
List 3 examples of individuals or businesses that are exempt from
registration -
correct answer ✅Wholesale auction, wrecker, lawyer
Where is the certificate of the dealer registration kept? -
correct answer ✅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 -
correct answer ✅False
