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OMVIC Chapter One Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution £6.37   Add to cart

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OMVIC Chapter One Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution

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OMVIC Chapter One Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution

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  • June 19, 2024
  • 2
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
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OMVIC Chapter One
The Motor Vehicle Dealers Act - ANS-the primary legislation governing Ontario's retail
automotive sector

OMVIC enforces the - ANS-Motor Vehicle Dealers Act

OMVIC carries out - ANS-- the inspection of dealers
- maintains a complaint line for customers
- conducts investigations
- administers and enforces the MVDA 2002
- conducts disciplinary hearings
- conducts prosecutions
- administers the compensation fund

How many people compose OMVIC's board of directors? - ANS-12 - 9 Dealers & 3
Consumer Reps

Transaction Fee Program - ANS-dealers are required to pay $5.00 for each vehicle sold
or leased to OMVIC

True or False : The transaction fee can be passed along to the consumer. - ANS-True :
if the dealership chooses to.

What information is OMVIC required to make available to the public? - ANS-- business
name , address and phone number
- salesperson name
-any proposal to refuse suspend or revoke the registration of a dealer salesperson

If OMVIC determines that a dealer's advertising is false or misleading, what do they do
to correct it? - ANS-cease publication and issue retraction or correction

If an order is used to stop or correct false advertising, for how long may the dealer need
to seek OMVIC's pre-approval for future advertising? - ANS-up to 2 years

Possible situations which could result in OMVIC applying to court appoint a receiver and
manager to assume temporary control of a dealership: - ANS-- if there has been an
investigation
- if the dealership is about to fail

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