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.

Dealers must disclose known damage repairs in excess of how much?

$500
$1,000
$3,000
$5,000

The correct answer is: $3,000

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.