OMVIC Practice Test

Dealers are required to disclose any known damage repairs that exceed $3,000.

Option A, $500, is too small of an amount to cover major damage repairs that would impact a consumer's decision to purchase a car.

Option B, $1,000, is still a relatively small amount and may not cover all major damage repairs.

Option D, $5,000, is over the threshold and would require dealers to disclose any known repairs over this amount.

Therefore, C is the most accurate and appropriate answer in this scenario.