Practice Test GeeksOMVIC (Ontario Motor Vehicle Industry Council) Practice Test
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OMVIC Dealer Operations and Business Practices Flashcards

6 cards from real OMVIC practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 6 OMVIC Dealer Operations and Business Practices flashcards as text

  1. Under OMVIC regulations, how long must a registered dealer retain vehicle sales records?

    Answer: 6 years

    Ontario's Motor Vehicle Dealers Act requires dealers to keep records for a minimum of 6 years.

  2. Which document must an OMVIC-registered dealer prominently display in their place of business?

    Answer: Dealer registration certificate

    Dealers are required by the MVDA to prominently display their dealer registration certificate at their premises.

  3. What is the primary role of a dealer operator under OMVIC?

    Answer: Ensure the dealership complies with all MVDA requirements

    The dealer operator is legally responsible for ensuring the dealership and all its registrants comply with MVDA obligations.

  4. When a dealership changes its registered address, what must it do?

    Answer: Notify OMVIC immediately

    Dealers must notify OMVIC immediately of any change to their registered business address.

  5. Which of the following is a prohibited trade practice under the MVDA for dealers?

    Answer: Making false or misleading representations

    Making false or misleading representations about a vehicle or transaction is explicitly prohibited under the MVDA.

  6. A dealer who sells vehicles without being registered with OMVIC is subject to what consequence?

    Answer: Fines and potential prosecution

    Operating as an unregistered dealer is an offence under the MVDA and can result in significant fines and criminal prosecution.