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 must dealers do for contracts of sale on an 'as is' basis?

Offer a minimum one-year warranty
Clearly indicate it on the front of the contract
Only disclose this verbally
Provide a detailed vehicle history

The correct answer is: Clearly indicate it on the front of the contract

Dealers must clearly indicate that the contract is on an 'as is' basis on the front of the contract. This is important as it ensures transparency and informs the buyer that they are purchasing the vehicle as it is, without any guarantees or warranties from the dealer. Options A, C, and D are incorrect as they do not adequately address the requirement for an 'as is' sale. Offering a warranty or disclosing verbally does not clearly indicate that the sale is on an 'as is' basis, while providing a vehicle history is not necessarily required for an 'as is' sale. It is important for dealers to follow this guideline to avoid potential legal issues with buyers.