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OMVIC VIP Certification Practice Exam III
OMVIC — The OMVIC Certification Exam is administered by the Ontario Motor Vehicle Industry Council (OMVIC) under the Motor Vehicle Dealers Act, 2002 (MVDA). It consists of 100 multiple-choice questions, has a 3-hour time limit, and requires a 75% passing score; it is mandatory for all applicants seeking registration as a motor vehicle salesperson or dealer in Ontario.
53
Questions
180m
Time Limit
75.00%
To Pass
Question 1 of 53👑 VIP
A used vehicle dealership accepts a $2,000 deposit from a customer on a Tuesday. The dealer's trust account currently holds $18,500 from other customer transactions. Under the MVDA, 2002 and Ontario Regulation 333/08, by what time must the $2,000 deposit be deposited into the dealer's designated trust account?
Questions 2–53 and full explanations are VIP-exclusive.