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.

Under what conditions are persons exempt from registration as a motor vehicle dealer according to MVDA?

Having a property interest in motor vehicles sold
Selling vehicles owned by a motor vehicle dealer or someone exempt from registration
Selling vehicles to anyone interested
Failing to disclose information required by MVDA

The correct answer is: Selling vehicles owned by a motor vehicle dealer or someone exempt from registration

Exemption from registration as a motor vehicle dealer under the MVDA would apply to those who are selling vehicles that are owned by either a motor vehicle dealer or someone who is exempt from registration. A is incorrect because having a property interest in vehicles does not necessarily exempt someone from registration. C is incorrect because selling vehicles to anyone interested does not fall under the criteria for exemption stated in the MVDA. D is incorrect because failing to disclose information required by the MVDA would actually disqualify someone from exemption.