OMVIC Practice Test

Disable ads (and more) with a membership for a one time $2.99 payment

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.

What does the disclosure category in the Code of Ethics Regulations require from dealers and salespeople?

To provide financial advice
To maintain a certain profit margin
Being clear and truthful in describing vehicles and services
Not disclosing finance rates

The correct answer is: Being clear and truthful in describing vehicles and services

The disclosure category in the Code of Ethics Regulations does not require dealers and salespeople to provide financial advice (A), as that falls under a different category. It also does not require them to maintain a certain profit margin (B) or not disclose finance rates (D). The disclosure category specifically relates to being clear and truthful in describing vehicles and services, which is crucial for maintaining consumer trust and avoiding deceptive practices.