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 keep records for at least how many years according to the MVDA?

a. 2 years
b. 5 years
c. 6 years
d. 10 years

The correct answer is: c. 6 years

According to the Motor Vehicle Dealers Act (MVDA), dealers are required to keep records for at least 6 years. This is to ensure that dealers can maintain accurate records of their business operations for a significant period of time. Options A, B, and D are incorrect because they do not meet the minimum record-keeping time requirement set by the MVDA. Keeping records for only 2, 5, or 10 years would not provide sufficient coverage for any potential legal or compliance issues that may arise. Therefore, the correct answer is C.