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!

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.

Under the Code of Ethics Regulations, how should dealers and salespeople conduct their business?

In accordance with the law, honesty, integrity, and fairness
Following their own business practices
Based on maximizing their profit
In a relaxed and informal manner

The correct answer is: In accordance with the law, honesty, integrity, and fairness

Dealers and salespeople should conduct their business in accordance with the law, honesty, integrity, and fairness under the Code of Ethics Regulations. This means they should always follow legal and ethical guidelines, and prioritize integrity and fairness in their interactions with clients and customers. Option B is incorrect as it suggests individuals should follow their personal business practices rather than ethical standards. Option C is incorrect as it prioritizes profit over ethical conduct. Option D is incorrect as it implies a lack of professionalism and disregard for ethical guidelines.