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!

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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.

Under the Code of Ethics Regulations, a dealer or salesperson indicating OMVIC has set or approved any payment or commission is considered?

  1. Acceptable practice

  2. A financial strategy

  3. Prohibited

  4. Recommended

The correct answer is: Prohibited

This statement is meant to prevent dealerships or salespeople from falsely misleading or illegally charging customers fees. If a dealer or salesperson claims that OMVIC has approved or set a payment or commission, it is considered prohibited because OMVIC does not have the authority to dictate such terms. Options A, B, and D are incorrect because they do not align with the Code of Ethics Regulations and would therefore not be considered acceptable, recommended, or a financial strategy.

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