2026 OMVIC || Top Grade Assured.
What is the primary legislation governing Ontario's retail automotive sector? correct answers
MVDA
Which body or agency enforces MVDA? correct answers OMVIC
How many people compose OMVIC's board of directors? correct answers 12 in total, 9 dealers
and 3 consumer reps
What is the "transaction fee program"? correct answers 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 answers True
What is OMVIC required to make available to the public? correct answers 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? correct answers 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 answers up to 2 years
What is the minimum age requirement to become a dealer? correct answers 18
, If a person has been refused registration, what are 2 conditions that have to be met before the
person can reapply? correct answers 2 years have passed; new evidence to demonstrate
circumstances
If OMVIC issues a proposal to refuse registration, to whom can the applicant appeal? correct
answers LAT (license appeal tribunal ), Independent judicial body called LAT, within 15 days of
receiving the proposal
List the 4 classes of dealers correct answers General dealer, Broker, Exporter, Wholesaler, Lease
finance dealer
List 3 examples of individuals or businesses that are exempt from registration correct answers
Wholesale auction, wrecker, lawyer
Where is the certificate of the dealer registration kept? correct answers 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 answers False
T or F: the MVDA specifies the records a dealer must maintain- these records must be held for at
least 6 years. correct answers True
Which records of employees must be maintained? correct answers Employee names, proof of
payments, and employee salaries
If a dealer's records are destroyed or stolen, the dealer must notify? correct answers OMVIC, in
writing, within 5 days
In order for a remote storage location to be approved by OMVIC, which condition must be met?
correct answers The location is always accessible to OMVIC staff during normal business hours
What is the primary legislation governing Ontario's retail automotive sector? correct answers
MVDA
Which body or agency enforces MVDA? correct answers OMVIC
How many people compose OMVIC's board of directors? correct answers 12 in total, 9 dealers
and 3 consumer reps
What is the "transaction fee program"? correct answers 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 answers True
What is OMVIC required to make available to the public? correct answers 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? correct answers 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 answers up to 2 years
What is the minimum age requirement to become a dealer? correct answers 18
, If a person has been refused registration, what are 2 conditions that have to be met before the
person can reapply? correct answers 2 years have passed; new evidence to demonstrate
circumstances
If OMVIC issues a proposal to refuse registration, to whom can the applicant appeal? correct
answers LAT (license appeal tribunal ), Independent judicial body called LAT, within 15 days of
receiving the proposal
List the 4 classes of dealers correct answers General dealer, Broker, Exporter, Wholesaler, Lease
finance dealer
List 3 examples of individuals or businesses that are exempt from registration correct answers
Wholesale auction, wrecker, lawyer
Where is the certificate of the dealer registration kept? correct answers 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 answers False
T or F: the MVDA specifies the records a dealer must maintain- these records must be held for at
least 6 years. correct answers True
Which records of employees must be maintained? correct answers Employee names, proof of
payments, and employee salaries
If a dealer's records are destroyed or stolen, the dealer must notify? correct answers OMVIC, in
writing, within 5 days
In order for a remote storage location to be approved by OMVIC, which condition must be met?
correct answers The location is always accessible to OMVIC staff during normal business hours
