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.

If a dealer is aware that a vehicle's odometer reading is inaccurate, can they simply mark it as "unknown" on the contract?

True
False

The correct answer is: False

When a dealer is aware that a vehicle's odometer reading is inaccurate, they have a legal obligation to accurately represent that information rather than marking it as "unknown" on the contract. Doing so would mislead the buyer and could be considered deceptive or fraudulent. Accurately disclosing the odometer status helps ensure transparency in the transaction and protects the interests of the buyer. By choosing to mark the odometer reading as "unknown," the dealer risks violating regulations set out by governing bodies and could face legal consequences for failing to disclose pertinent information. It is essential for dealers to provide full and honest disclosure about a vehicle's history, ensuring that buyers make informed decisions based on complete data.