OMVIC Practice Test

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Dive into the OMVIC Practice Test and test your knowledge on laws, regulations, and ethical practices in the automotive industry. Perfect for aspiring dealers and salespersons to validate their expertise!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Can a dealer negotiate fees with the consignor after selling a vehicle in a consignment sale?

True
False

The correct answer is: False

A consignment sale refers to an arrangement where a dealer sells a product on behalf of the owner (consignor), taking a percentage of the sale as commission. In this type of sale, the dealer does not own the product and therefore, cannot negotiate fees with the consignor after the sale. Option A is incorrect because it suggests that the dealer can negotiate fees with the consignor, which is not possible in a consignment sale. Therefore, the correct answer is B False.