OMVIC Practice Test

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Prepare for the OMVIC exam with our comprehensive quiz. Test your knowledge with multiple-choice questions designed to emphasize key concepts in Ontario's motor vehicle industry regulations and responsibilities of dealership representatives. Get ready to ace your exam!

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.

How much does each salesperson pay into the Compensation Fund?

150
200
300
Nothing

The correct answer is: Nothing

The reason why the other options are incorrect is because the question is asking about how much each salesperson pays into the Compensation Fund, suggesting that the payment is taken from their salary or commission. Options A, B, and C all suggest specific numbers, which may not be accurate and could change in the future. Option D, on the other hand, states that salespeople do not pay anything into the Compensation Fund, which is the correct answer.