OMVIC EXAM | COMPLETE QUESTIONS WITH EXPERT SOLUTIONS
2026-2027 LATEST UPDATED | GET A+
What is the primary legislation governing Ontario's retail automotive sector? - (Answer)MVDA
Which body or agency enforces MVDA? - (Answer)OMVIC
How many people compose OMVIC's board of directors? - (Answer)12 in total, 9 dealers and 3
consumer reps
What is the "transaction fee program"? - (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 - (Answer)True
What is OMVIC required to make available to the public? - (Answer)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? - (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? - (Answer)up to 2 years
What is the minimum age requirement to become a dealer? - (Answer)18
If a person has been refused registration, what are 2 conditions that have to be met before the
person can reapply? - (Answer)2 years have passed; new evidence to demonstrate circumstances
If OMVIC issues a proposal to refuse registration, to whom can the applicant appeal? -
(Answer)LAT (license appeal tribunal ), Independent judicial body called LAT, within 15 days of
receiving the proposal
List the 4 classes of dealers - (Answer)General dealer, Broker, Exporter, Wholesaler, Lease
finance dealer
, List 3 examples of individuals or businesses that are exempt from registration -
(Answer)Wholesale auction, wrecker, lawyer
Where is the certificate of the dealer registration kept? - (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 - (Answer)False
T or F: the MVDA specifies the records a dealer must maintain- these records must be held for at
least 6 years. - (Answer)True
Which records of employees must be maintained? - (Answer)Employee names, proof of
payments, and employee salaries
If a dealer's records are destroyed or stolen, the dealer must notify? - (Answer)OMVIC, in
writing, within 5 days
In order for a remote storage location to be approved by OMVIC, which condition must be met?
- (Answer)The location is always accessible to OMVIC staff during normal business hours
2026-2027 LATEST UPDATED | GET A+
What is the primary legislation governing Ontario's retail automotive sector? - (Answer)MVDA
Which body or agency enforces MVDA? - (Answer)OMVIC
How many people compose OMVIC's board of directors? - (Answer)12 in total, 9 dealers and 3
consumer reps
What is the "transaction fee program"? - (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 - (Answer)True
What is OMVIC required to make available to the public? - (Answer)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? - (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? - (Answer)up to 2 years
What is the minimum age requirement to become a dealer? - (Answer)18
If a person has been refused registration, what are 2 conditions that have to be met before the
person can reapply? - (Answer)2 years have passed; new evidence to demonstrate circumstances
If OMVIC issues a proposal to refuse registration, to whom can the applicant appeal? -
(Answer)LAT (license appeal tribunal ), Independent judicial body called LAT, within 15 days of
receiving the proposal
List the 4 classes of dealers - (Answer)General dealer, Broker, Exporter, Wholesaler, Lease
finance dealer
, List 3 examples of individuals or businesses that are exempt from registration -
(Answer)Wholesale auction, wrecker, lawyer
Where is the certificate of the dealer registration kept? - (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 - (Answer)False
T or F: the MVDA specifies the records a dealer must maintain- these records must be held for at
least 6 years. - (Answer)True
Which records of employees must be maintained? - (Answer)Employee names, proof of
payments, and employee salaries
If a dealer's records are destroyed or stolen, the dealer must notify? - (Answer)OMVIC, in
writing, within 5 days
In order for a remote storage location to be approved by OMVIC, which condition must be met?
- (Answer)The location is always accessible to OMVIC staff during normal business hours
