Omvic Examination Prep verified already passed 2024/2025
AN OMVIC Inspector has the right to access dealer records, but not the vehicles on the dealer's lot.
A) True
B) False - correct answer B) False
What is the primary legislation that governs Ontario's retail automotive sector?
A) MVD...
Omvic Examination Prep
AN OMVIC Inspector has the right to access dealer records, but not the vehicles on the dealer's lot.
A) True
B) False - correct answer B) False
What is the primary legislation that governs Ontario's retail automotive sector?
A) MVDA
B) OMVIC
C) OADA/TADA
D) ABSC - correct answer A) MVDA
Which ministry or agency enforces the MVDA?
A) Ministry of Government and Consumers Services
B) TADA
C) OMVIC
D) Ministry of Transportation - correct answer C) OMVIC
Which of the following is NOT a function carried, out by OMVIC?
A) Inspecting dealers
B) Regulating manufacturers
C) Enforcing the MVDA
D) Administering the Motor Vehicle Dealers Compensation Fund - correct answer B) Regulating manufacturers How many people compose OMVIC's Board of Directors? Of these, how many represent the industry and
how many represent consumers?
A) Ten total, six dealer and four consumer representatives
B) Twelve total, three dealer and nine consumer representatives
C) Ten total, five dealer and five consumer representatives D) Twelve total nine dealer and three consumer representatives - correct answer D) Twelve total nine dealer and three consumer representatives
What is the "Transaction Fee Program"?
A) A $5 fee paid by dealers to OMVIC for each vehicle sold or leased (not including wholesale transactions)
B) A monthly $10 fee paid by registered salespeople to OMVIC
C) A $7 fee paid by dealers to OMVIC for each vehicle sold or leased (not including wholesale transactions)
D) A $10 fee paid by dealers to OMVIC for each vehicle sold or leased (not including wholesale transactions) - correct answer A $10 fee paid by dealers to OMVIC for each vehicle sold or leased (not including wholesale transactions)
Under the Transaction Fee Program, dealers are required to remit $10 (to OMVIC) for each retail vehicle sold or leased.
A) True B) False - correct answer A) True
The transaction fee can be passed along to the customer?
A) True B) False - correct answer A) True
What information is OMVIC required to make available to the public?
A) A dealer's business name, address and phone number B) A saleperson's name
C) Any proposal to refuse to renew, suspend or revoke the registration of a dealer or salesperson D) Any OMVIC related charge, conviction or discipline decision E) All of the above - correct answer E) All of the above
Should OMVIC determine a dealer's advertising to be false or misleading what powers does OMVIC have to sotp or correct it?
A) OMVIC can issue an order requiring the dealer to cease publication and/or issue a retraction or correction B) OMVIC does not have powers to stop the publication C) OMVIC can only issue fines for false or misleading advertising - correct answer A) OMVIC can issue an order requiring the dealer to cease publication and/or issue a retraction or correction
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