ACTUAL Exam Question and Answer
(2026/2027) | A+ Verified
• 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? -✓✓ 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
• 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