OMVIC Automative Test (Chapter 1-18) Questions And Answers Solved 100% Correct!!
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OMVIC
OMVIC Automative Test (Chapter 1-18) Questions And Answers Solved 100% Correct!!
What is the primary legislation governing Ontario's retail automotive sector? (C1)
MVDA
Which body or agency enforces MVDA? (C1)
a) Ministry of Government and Consumer Services
b) TADA
c) OMVIC
d) Automotive B...
OMVIC Automative Test (Chapter 1-18) Questions And
Answers Solved 100% Correct!!
What is the primary legislation governing Ontario's retail automotive sector? (C1)
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
c) OMVIC
List three functions carried out by OMVIC (C1).
- 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)
12 in total, 9 dealers and 3 consumer reps
Briefly explain the "Transaction Fee Program" (C1).
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)
True
T or F: the fee can be passed on to the consumer (C1)
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
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)
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)
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)
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)
18
List three requirements that must be met when applying to become a
salesperson.(C2)
- 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)
True
Which of the following must be registered with OMVIC?(C2)
a) Dealers
b) Salespersons
c) Business managers
d) Finance managers
e) Service Managers
a, b, c, d
List two reasons why OMVIC might refuse the registration of a dealer or
salesperson?(C2)
Any two of:
- Past conduct
- False statement on application
- Failed to comply with terms
- Cannot be expected to be financially responsible
- The Compensation Fund has paid out a claim and has not been reimburse
If a person has been refused registration, what is one of the condition that has to
be met before the person can re-apply?(C2)
One of the following:
- Two years have passed
- New evidence to demonstrate circumstance has changed
Should OMVIC issue a proposal to refuse (or revoke) registration, to whom the
applicant can appeal?(C2)
License Appeal Tribunal (LAT)
List the 4 classes of dealers(C2)
1. General dealer
2. Broker, Exporter
3. Wholesaler
4. Lease finance dealer
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