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Mixed OMVIC practice quiz

10 questions sampled across every category. Pick an answer to reveal the explanation. The selection updates every two days, so come back for a fresh round.

Last refreshed May 13, 2026.

1. From Premises, records, and trust accounts

   Question 1

   Under section 25 of the MVDA, what is a motor vehicle dealer required to do with money held in the trust account?

   • A Keep it separate and apart from money belonging to the dealer at all times
   • B Commingle it with operating funds while waiting for cheques to clear
   • C Use it to bridge payroll provided it is replaced before month end
   • D Pledge it as collateral for the dealership's line of credit when needed

2. From Premises, records, and trust accounts

   Question 2

   When a dealer takes a deposit greater than $10,000 from a purchaser toward the purchase of a motor vehicle, what does section 58(4) of O. Reg. 333/08 require the dealer to do with that deposit?

   • A Hold the entire deposit in the MVDA trust account until the purchase is concluded
   • B Hold only the portion above $10,000 in trust and treat the first $10,000 as general funds
   • C Hold the deposit in any business account so long as it is not commingled with personal funds
   • D Send the deposit to OMVIC for safekeeping until the purchase closes

3. From Consumer Protection Act for dealers

   Question 3

   Under section 18 of the Consumer Protection Act, 2002, how long does a consumer have, after entering an agreement preceded or accompanied by an unfair practice, to give notice that they want to rescind the agreement?

   • A 30 days
   • B 90 days
   • C One year
   • D Two years

4. From Curbsiders

   Question 4

   Riya buys five used vehicles over six months from auctions and online listings, never drives any of them, and resells each one within a few weeks at a markup. She advertises them as "private sales." Does the section 5 exemption from MVDA registration apply to her trades?

   • A Yes, because she is an individual rather than a corporation
   • B Yes, because she sells fewer than ten vehicles a year
   • C No, because the section 5 exemption requires the vehicle to be used primarily for the personal use of the individual or a family member
   • D Yes, because she lists the vehicles as private sales rather than dealer sales

5. From Registration and dealer classes

   Question 5

   Select all that apply

   Section 18(1) of O. Reg. 333/08 establishes seven classes of motor vehicle dealer for the purpose of registration. Which of the following are recognized classes? Select all that apply.

   • A General dealer
   • B Broker
   • C Wholesaler
   • D Lease finance dealer
   • E Auctioneer
   • F Private seller

   Check answer

6. From Advertising rules and all-in pricing

   Question 6

   When a dealer advertises a price for a motor vehicle, what must that price represent?

   • A The total a buyer would have to pay, including freight, pre-delivery inspection, fees, and levies
   • B The base vehicle price, with freight and pre-delivery inspection added at the time of sale
   • C The manufacturer's suggested retail price for that model
   • D The vehicle price excluding all taxes, fees, and trade-related charges

7. From Vehicle documents, UVIP, and permits

   Question 7

   Select all that apply

   Under section 7(1) of the Highway Traffic Act, which of the following must be in place before a person may drive a motor vehicle on a highway? Select all that apply.

   • A A currently validated permit for the vehicle
   • B Number plates issued and displayed in the prescribed manner
   • C Evidence of current validation affixed to a number plate, if required by regulation
   • D A Safety Standards Certificate kept in the glove compartment
   • E Proof that the vehicle has passed an annual emissions test

   Check answer

8. From Motor Vehicle Dealers Compensation Fund

   Question 8

   When a new application for registration as a general dealer or broker is granted, how much must the dealer pay to the Compensation Fund for each place from which the dealer is authorized to trade?

   • A $100
   • B $300
   • C $324
   • D $1,000

9. From Consumer Protection Act for dealers

   Question 9

   A customer financed a $30,000 vehicle through a future performance agreement, has paid roughly 70 per cent of the total payment obligation, and has just missed a payment. The agreement contains a repossession-on-default clause. Under section 25 of the Consumer Protection Act, 2002, what does the supplier need before it can enforce the repossession clause?

   • A Nothing more than written notice to the consumer; the clause is fully enforceable
   • B OMVIC's prior written approval
   • C The lender's written consent under the Personal Property Security Act
   • D Leave obtained from the Superior Court of Justice

10. From OMVIC and the MVDA

    Question 10

    How does the MVDA define "trade" in relation to a motor vehicle?

    • A Buying, selling, leasing, advertising, or exchanging an interest in a motor vehicle, including negotiating or attempting to induce any of those activities
    • B Buying or selling a motor vehicle once title and possession have actually changed hands
    • C Any cash sale of a motor vehicle, but not a lease or a consignment arrangement
    • D Only retail transactions between a dealer and a consumer, excluding wholesale dealings