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 is an offence for a registrant regarding wholesale auctions?

Conducting auctions without a license
Facilitating access to a wholesale auction
Allowing customers to participate directly
Not checking the condition of vehicles

The correct answer is: Facilitating access to a wholesale auction

An offense for a registrant regarding wholesale auctions is facilitating access to a wholesale auction. This means that registrants, who are responsible for managing and overseeing auctions, should not make it easy for unlicensed individuals or non-participants to attend or participate in the auction. Option A is incorrect because conducting auctions without a license is an offense for an unlicensed individual who is not a designated registrant. Option C is incorrect because it is not the registrant's responsibility to limit customer participation. The registrant's role is to manage and oversee the auction, not dictate who can participate. Option D is incorrect because checking the condition of vehicles is not an offense for a registrant, but rather a necessary step in running a successful auction.