OMVIC Practice Test

Licenses for OMVIC‑regulated dealerships run on a two‑year cycle. The biennial renewal keeps the dealer’s information current and confirms ongoing compliance with regulatory requirements, such as up‑to‑date ownership and business details. Renewal involves submitting required information and paying the renewal fee before the license expires, ensuring the dealer can operate legally without interruption. This process isn’t tied to changes in management, and it isn’t done annually or on a five‑year schedule; it happens regularly every two years regardless of whether ownership or leadership has changed.