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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What is required for a dealer and a salesperson according to the Code of Ethics Regulations for discussions about vehicle features and prices?

  1. Minimal disclosure

  2. Clear and truthful information

  3. Suggestions based on dealership inventory

  4. Generalized statements

The correct answer is: Clear and truthful information

In order to maintain ethical discussions about vehicle features and prices, the Code of Ethics Regulations require that dealers and salespeople provide clear and truthful information. This means that they should not make generalized statements or only provide minimal disclosure, as this could potentially mislead or deceive customers. Additionally, suggestions should not be based solely on dealership inventory, as this could limit the customer's options and influence their decision. Instead, dealers and salespeople should strive to provide accurate and transparent information to customers, allowing them to make informed decisions.

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