OMVIC Practice Test

Which of the following must be registered with OMVIC?

1. Business managers

2. Dealers

3. Finance Managers

4. Clients

The correct answer is: Dealers

The requirement for dealers to be registered with OMVIC stems from the regulation and oversight of the automotive sales industry in Ontario. OMVIC, the Ontario Motor Vehicle Industry Council, was established to protect consumers and ensure that the automotive market operates fairly and transparently. All businesses engaged in the selling of motor vehicles must be licensed and must comply with the regulations set forth by OMVIC. This includes meeting financial obligations, adhering to ethical selling practices, and following all applicable laws related to vehicle sales. While other roles such as finance managers and salespersons play important parts in the dealership operation, they are typically not required to hold dealer registration themselves. Instead, those roles may have their own specific training or licensing requirements, but the key distinction is that it is the dealer as an entity that must be formally registered with OMVIC to be allowed to conduct business legally in this industry. Business managers, while they may have an important role, do not need to register independently in the same manner as dealers.