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Omvic Examination Prep 2023
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Omvic Examination Prep 2023
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Omvic Examination Prep 2023AN OMVIC Inspector has the right to access dealer records, but not the vehicles on the dealer's lot.
A) True
B) False - <<Answers>>>B) False
What is the primary legislation that governs Ontario's retail automotive sector?
A) MVDA
B) OMVIC
C) OADA/TADA
D) ABSC - <<Answers>>>A) MVDA
Which ministry or agency enforces the MVDA?
A) Ministry of Government and Consumers Services
B) TADA
C) OMVIC
D) Ministry of Transportation - <<Answers>>>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 - <<Answers>>>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
,Omvic Examination Prep 2023
C) Ten total, five dealer and five consumer representatives
D) Twelve total nine dealer and three consumer representatives - <<Answers>>>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) - <<Answers>>>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 - <<Answers>>>A) True
The transaction fee can be passed along to the customer?
A) True
B) False - <<Answers>>>A) True
What information is OMVIC required to make available to the public?
A) A dealer's business name, address and phone number
, Omvic Examination Prep 2023
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 - <<Answers>>>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 - <<Answers>>>A) OMVIC can
issue an order requiring the dealer to cease publication and/or issue a retraction or correction
If a dealer violates the advertising regulations, for how long may a dealer be required to seek
OMVIC'S pre-approval for future advertising?
A) Up to a year
B) Up to 2 years
C) Up to 5 years
D) Up to 6 months - <<Answers>>>B) Up to 2 years
Select all possible situations which could result in OMVIC applying to court to appoint a receiver and
manager to assume temporary control of a dealership.
A) If there has been an investigation
B) If the dealership is about to fail
C) If a freeze order is about to be made
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