Exam (elaborations)
OMVIC CHAPTER 1,5,8 ,10,13,TEST QUESTIONS WITH VERIFIED ANSWERS
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OMVIC CHAPTER 1,5,8 ,10,13,TEST QUESTIONS WITH VERIFIED ANSWERS...
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OMVIC CHAPTER 1,5,8 ,10,13,TESTQUESTIONS WITH VERIFIED ANSWERS
The main piece of legislation controlling Ontario's retail automobile industry is the
Motor Vehicle Dealers Act.
The ANSWER Motor Vehicle Dealers Act is enforced by OMVIC.
OMVIC is responsible for conducting dealer inspections.
- keeps a client complaint line open
- carries out inquiries
- oversees and implements the MVDA 2002
Holds hearings for disciplinary actions
- carries out prosecutions
- manages the fund for remuneration
What is the size of OMVIC's board of directors? - ANSWER 12: 9 Dealers & 3
Customer Representatives
Dealers must pay $5.00 to OMVIC as part of the Transaction Fee Program for each
vehicle sold or leased.
Is it true or false that the customer can be charged for the transaction fee? -
ANSWER It is true: if the dealership so desires.
, Which information is publically available through OMVIC? - ANSWER: name,
address, and phone number of the business
- Name of salesperson
-any suggestion to reject, suspend, or cancel a dealer salesperson's registration
What steps does OMVIC take to rectify incorrect or misleading advertising if it
finds that a dealer is engaging in it? - ANSWER suspends distribution and issues a
correction or retraction
How long may the dealer need to obtain OMVIC's preapproval before using an
order to stop or remedy deceptive advertising? - ANSWER within two years
OMVIC may file an application with the court to name a receiver and manager to
take temporary management of a dealership in the following circumstances: -
ANSWER - if an inquiry has been conducted
If the dealership is on the verge of failing
If OMVIC intends to cancel a registration
- if there's going to be a "freeze order"
OMVIC CHAPTER 8
If a price for a car is listed in a dealer's advertisement, it must include: - ANSWER
Administration fees, Taxes (unless the advertisement makes it clear,
understandable, and conspicuous that taxes are not included) "Other" obligatory
payments, like paperwork fees, freight, and PDI
fees for window etching, SSC fees, etc.
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