OMVIC Automotive Test BANK FINAL EXAM 2026-2027
WITH REAL COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (CORRECT VERIFIED ANSWERS)
LATEST UPDATED VERSION |ALREADY A+ GRADED
{FULL REVISED EXAM} ALL CHAPTERS
Should OMVIC determine a dealers advertising to be false or misleading
what powers do they have to stop or correct it? (C1)
OMVIC may issue an order requiring 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? (C1)
Up to two years
List two possible situations which could result in OMVIC applying to a
court to appoint a receiver and manager to assume temporary control of
a dealership. (C1)
This action might be taken:
- If there has been an investigation
- If the dealership is about to fall
- If OMVIC is proposing to revoke a registration
- If a freeze order is about to be made
,List three requirements that must be met when applying to become a
salesperson.(C2)
- Complete/pass certification course
- Pay fee
- Be employed or retained by a registered dealer to act as a salesperson.
True or False: All dealer and salesperson applicants undergo a Canada-
wide criminal record search as part of the application screening process.
(C2)
True
Which of the following must be registered with OMVIC?(C2)
a) Dealers
b) Salespersons
c) Business managers
d) Finance managers
e) Service Managers
a, b, c, d
,List two reasons why OMVIC might refuse the registration of a dealer or
salesperson?(C2)
Any two of:
- Past conduct
- False statement on application
- Failed to comply with terms
- Cannot be expected to be financially responsible
- The Compensation Fund has paid out a claim and has not been reimburse
If a person has been refused registration, what is one of the condition that
has to be met before the person can re-apply?(C2)
One of the following:
- Two years have passed
- New evidence to demonstrate circumstance has changed
Should OMVIC issue a proposal to refuse (or revoke) registration, to
whom the applicant can appeal?(C2)
License Appeal Tribunal (LAT)
List the 4 classes of dealers(C2)
1. General dealer
2. Broker, Exporter
3. Wholesaler
4. Lease finance dealer
, List 3 examples of individuals or businesses that are exempt from
registration(C2)
1. Wholesale auction
2. Wrecker
3. Lawyer
Name one "Change of Information" that a dealer must notify OMVIC
about(C2)
Any of the following:
- Change of dealer address
- Changes of officers or directors (if dealer is a corporation or partnership)
- The date of commencement of employment of every salesperson
- The termination of employment of a salesperson and the date and reason
for termination
Please choose the most correct answer:(C2)
In a large dealership, if the dealer principal delegates responsibility for
ensuring that salespersons are registered, this should be delegated to:
a) The Bookkeeper
b) The Salesperson
c) The Sales Manager
d) The Payroll Supervisor
c) The Sales Manager
WITH REAL COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (CORRECT VERIFIED ANSWERS)
LATEST UPDATED VERSION |ALREADY A+ GRADED
{FULL REVISED EXAM} ALL CHAPTERS
Should OMVIC determine a dealers advertising to be false or misleading
what powers do they have to stop or correct it? (C1)
OMVIC may issue an order requiring 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? (C1)
Up to two years
List two possible situations which could result in OMVIC applying to a
court to appoint a receiver and manager to assume temporary control of
a dealership. (C1)
This action might be taken:
- If there has been an investigation
- If the dealership is about to fall
- If OMVIC is proposing to revoke a registration
- If a freeze order is about to be made
,List three requirements that must be met when applying to become a
salesperson.(C2)
- Complete/pass certification course
- Pay fee
- Be employed or retained by a registered dealer to act as a salesperson.
True or False: All dealer and salesperson applicants undergo a Canada-
wide criminal record search as part of the application screening process.
(C2)
True
Which of the following must be registered with OMVIC?(C2)
a) Dealers
b) Salespersons
c) Business managers
d) Finance managers
e) Service Managers
a, b, c, d
,List two reasons why OMVIC might refuse the registration of a dealer or
salesperson?(C2)
Any two of:
- Past conduct
- False statement on application
- Failed to comply with terms
- Cannot be expected to be financially responsible
- The Compensation Fund has paid out a claim and has not been reimburse
If a person has been refused registration, what is one of the condition that
has to be met before the person can re-apply?(C2)
One of the following:
- Two years have passed
- New evidence to demonstrate circumstance has changed
Should OMVIC issue a proposal to refuse (or revoke) registration, to
whom the applicant can appeal?(C2)
License Appeal Tribunal (LAT)
List the 4 classes of dealers(C2)
1. General dealer
2. Broker, Exporter
3. Wholesaler
4. Lease finance dealer
, List 3 examples of individuals or businesses that are exempt from
registration(C2)
1. Wholesale auction
2. Wrecker
3. Lawyer
Name one "Change of Information" that a dealer must notify OMVIC
about(C2)
Any of the following:
- Change of dealer address
- Changes of officers or directors (if dealer is a corporation or partnership)
- The date of commencement of employment of every salesperson
- The termination of employment of a salesperson and the date and reason
for termination
Please choose the most correct answer:(C2)
In a large dealership, if the dealer principal delegates responsibility for
ensuring that salespersons are registered, this should be delegated to:
a) The Bookkeeper
b) The Salesperson
c) The Sales Manager
d) The Payroll Supervisor
c) The Sales Manager
