OMVIC COMPREHENSIVE 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
If someone's registration has been refused, what is one condition
that has to be met before they can reapply?
a. it's been two years since the registration was refused or revoked
b. someone vouches for their application
c. they cannot reapply
d. it's been three years since the registration was refused or revoked
One of the following:
- it's been two years since the registration was refused or revoked
- new information shows the circumstances have changed
If OMVIC issues a proposal to revoke a registration, who can the
applicant appeal to?
a. License Appeal Tribunal (LAT)
b. Dealers Inspection Tribunal (DIT)
c. Motor Vehicle Transaction Inspection Services
d. Public Court
License Appeal Tribunal (LAT)
,Which of the following are classes of dealers:
a. General dealer (used subclass)
b. Broker
c. Outside Ontario Dealer
d. Wholesaler
e. Exporter
f. All of the above
f. All of the above
Any four classes listed in 2.14:
- General dealer (new and used subclass)
- General dealer (used subclass)
- Broker
- Outside Ontario Dealer
- Wholesaler
- Exporter
- Lease Finance Dealer
- Fleet Lessor (Commercial Lessor subclass)
- Fleet Lessor (Short-term Lessor subclass)
,Which people or businesses are exempt from registration. Choose
each that applies.
a. Wholesale auctioneers
b. No one is exempt
c. Wreckers
d. Car Rental Agencies
Any two examples listed in 2.12:
- wholesale auctions
- wreckers
- car rental agencies
Which of the following is a change in information that a dealer must
notify OMVIC about?
a. selling a car
b. changing dealers name
c. customer leaving the dealership, including date and reason
d. any event that destroys dealer records or makes them unavailable
D. any event that destroys dealer records or makes them
unavailable One of the following:
- change of the dealers address
- changes of officers or directors (for corporations or partnerships)
- hiring a salesperson, including their start date
- salesperson leaving the dealership, including date and reason
- any event that destroys dealer records or makes them unavailable
, In a large dealership, who should the dealer make responsible for
ensuring all salespeople are registered? Choose the most correct
answer:
a. Bookkeeper
b. Salesperson
c. Sales manager
d. Payroll supervisor
c. sales manager
OMVIC can refuse, revoke or suspend registration of a dealer,
salesperson or corporation if the financial responsibility or past
actions of an "interested person" gives them reason to. Who does
OMVIC consider an "interested
person"? CHOOSE ALL THAT APPLY
a. someone who has given or may have given financing
(directly or indirectly) to the business
b. someone who may inherit the business
c. someone the dealer has taken a loan from
An "interested person":
- benefits from or may benefit from the business
- has or may have control (directly or indirectly) over the
dealer or salesperson
- has given or may have given financing (directly or
indirectly) to the business
(Answer: A & C)
2026-2027 WITH REAL COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS (CORRECT VERIFIED
ANSWERS) LATEST UPDATED VERSION |ALREADY A+
GRADED {FULL REVISED EXAM} ALL CHAPTERS
If someone's registration has been refused, what is one condition
that has to be met before they can reapply?
a. it's been two years since the registration was refused or revoked
b. someone vouches for their application
c. they cannot reapply
d. it's been three years since the registration was refused or revoked
One of the following:
- it's been two years since the registration was refused or revoked
- new information shows the circumstances have changed
If OMVIC issues a proposal to revoke a registration, who can the
applicant appeal to?
a. License Appeal Tribunal (LAT)
b. Dealers Inspection Tribunal (DIT)
c. Motor Vehicle Transaction Inspection Services
d. Public Court
License Appeal Tribunal (LAT)
,Which of the following are classes of dealers:
a. General dealer (used subclass)
b. Broker
c. Outside Ontario Dealer
d. Wholesaler
e. Exporter
f. All of the above
f. All of the above
Any four classes listed in 2.14:
- General dealer (new and used subclass)
- General dealer (used subclass)
- Broker
- Outside Ontario Dealer
- Wholesaler
- Exporter
- Lease Finance Dealer
- Fleet Lessor (Commercial Lessor subclass)
- Fleet Lessor (Short-term Lessor subclass)
,Which people or businesses are exempt from registration. Choose
each that applies.
a. Wholesale auctioneers
b. No one is exempt
c. Wreckers
d. Car Rental Agencies
Any two examples listed in 2.12:
- wholesale auctions
- wreckers
- car rental agencies
Which of the following is a change in information that a dealer must
notify OMVIC about?
a. selling a car
b. changing dealers name
c. customer leaving the dealership, including date and reason
d. any event that destroys dealer records or makes them unavailable
D. any event that destroys dealer records or makes them
unavailable One of the following:
- change of the dealers address
- changes of officers or directors (for corporations or partnerships)
- hiring a salesperson, including their start date
- salesperson leaving the dealership, including date and reason
- any event that destroys dealer records or makes them unavailable
, In a large dealership, who should the dealer make responsible for
ensuring all salespeople are registered? Choose the most correct
answer:
a. Bookkeeper
b. Salesperson
c. Sales manager
d. Payroll supervisor
c. sales manager
OMVIC can refuse, revoke or suspend registration of a dealer,
salesperson or corporation if the financial responsibility or past
actions of an "interested person" gives them reason to. Who does
OMVIC consider an "interested
person"? CHOOSE ALL THAT APPLY
a. someone who has given or may have given financing
(directly or indirectly) to the business
b. someone who may inherit the business
c. someone the dealer has taken a loan from
An "interested person":
- benefits from or may benefit from the business
- has or may have control (directly or indirectly) over the
dealer or salesperson
- has given or may have given financing (directly or
indirectly) to the business
(Answer: A & C)
