OMVIC Practice Test

Question: 1 / 400

What does it mean to be a "dealer" as defined by OMVIC?

Individual or business that sells motor vehicles for hobby

Individual or business that sells motor vehicles for a profit

Being defined as a "dealer" under OMVIC (Ontario Motor Vehicle Industry Council) indicates that an individual or business is engaged in the activity of selling motor vehicles with the intent of making a profit. This definition emphasizes the commercial aspect of the transaction, distinguishing dealers from casual sellers or hobbyists.

Dealers are typically involved in the wholesale or retail sale of motor vehicles, suggesting a regular and organized business endeavor. This involves a structured operation that adheres to specific legal requirements and regulations set by OMVIC to protect consumers and maintain industry standards.

In contrast, the other options do not align with this definition. Selling for hobby suggests a non-commercial activity, leasing pertains specifically to renting vehicles rather than selling, and an organization that repairs vehicles is focused on service rather than sales. Thus, the emphasis on profit and regular sales activity is what distinctly qualifies someone as a dealer in this context.

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Entity that only leases motor vehicles

Organization that repairs motor vehicles

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