OMVIC Automative Test (Chapter 1-18)question n answers graded A+ 2024/2025

OMVIC Automative Test (Chapter 1-18)question n answers graded A+ 2024/2025What is the primary legislation governing Ontario's retail automotive sector? (C1) - correct answer MVDA Which body or agency enforces MVDA? (C1) a) Ministry of Government and Consumer Services b) TADA c) OMVIC d) Automotive Business School of Canada - correct answer c) OMVIC List three functions carried out by OMVIC (C1). - correct answer - Administers and enforces the MVDA - Inspects dealers - Maintains a complaint line for consumers - Conducts investigations - Conducts disciplinary hearings - Conducts prosecutions - Administers the compensation fund How many people compose OMVIC's board of directors? Of these, how many represent the industry and how many represent consumers? (C1) - correct answer 12 in total, 9 dealers and 3 consumer reps Briefly explain the "Transaction Fee Program" (C1). - correct answer Under the transaction fee program, dealers are required to remit $10 for each vehicle sold or leased (including fleet and "as is" transactions) to OMVIC. These funds are remitted annually with the dealers registration renewal fee. True or False: Under the Transaction Fee Program, the dealers are required to remit $10 (to OMVIC) for each retail vehicle sold or leased. (C1) - correct answer True T or F: the fee can be passed on to the consumer (C1) - correct answer True What is OMVIC required to make available to the public? (C1) a) A dealers name, address and phone number b) a salespersons name c) any proposal to refuse to renew, suspend or revoke the registration of a dealer or salesperson d) all of the above - correct answer d) all of the above Should OMVIC determine a dealers advertising to be false or misleading what powers do they have to stop or correct it? (C1) - correct answer OMVIC may issue an order requiring the dealer to cease publication and/or issue a retraction or correction. If an order is used to stop or correct false advertising, for how long may the dealer need to seek OMVIC pre approval for future advertising? (C1) - correct answer Up to two years List two possible situations which could result in OMVIC applying to a court to appoint a receiver and manager to assume temporary control of a dealership. (C1) - correct answer This action might be taken: - If there has been an investigation - If the dealership is about to fall - If OMVIC is proposing to revoke a registration - If a freeze order is about to be made What is the minimum age requirement to become a dealer? (C2) - correct answer 18 List three requirements that must be met when applying to become a salesperson.(C2) - correct answer - Complete/pass certification course - Pay fee - Be employed or retained by a registered dealer to act as a salesperson. True or False: All dealer and salesperson applicants undergo a Canada-wide criminal record search as part of the application screening process. (C2) - correct answer True