OMVIC Practice Test

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Prepare for the OMVIC Certification Test with practice questions that include hints and detailed explanations. Enhance your learning with flashcards and multiple choice questions. Get ready to pass your OMVIC Test with confidence!

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True or False: If the Discipline Panel decides that a dealer or salesperson failed to comply with the Code of Ethics Regulations, the committee may impose a maximum fine of $10,000.

  1. False

  2. True

The correct answer is: False

One possible explanation The correct answer is actually False. These committees may impose maximum fines of $15,000. Additionally, The Discipline Panel is responsible for imposing fines, not the committee. A committee's responsibility is to decide the outcome. The question appears to have some out-of-date information that should be updated in order to avoid confusion.

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