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.

What information is required from dealers when registering for a wholesale auction?

Personal identification number only
Dealer HST registration and proof of insurance
Photo of the dealership
List of vehicles they intend to bid on

The correct answer is: Dealer HST registration and proof of insurance

When registering for a wholesale auction, dealers are required to provide their dealer HST registration and proof of insurance. This is necessary in order to confirm that the dealer is a legitimate business and to ensure they are able to legally operate in the auction. Option A, personal identification number only, is incorrect because it does not provide any information about the dealer's business. Option C, a photo of the dealership, is also incorrect as it is not a necessary piece of information for registering for an auction. Option D, a list of vehicles they intend to bid on, is also incorrect as this information is not required at the time of registration.