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OMVIC Chapter 1-18 Exam Test with Verified Answers Graded A+

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OMVIC Chapter 1-18

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OMVIC Chapter 1-18

OMVIC Chapter 1-18 Exam Test with Verified Answers Graded A+ 1. What is the primary legislation govern- ing Ontario's retail automotive sector? Moter Vehicle Dealers Act, 2002 2. Which body or agency enforces MVDA? OMVIC 3. List Three Functions carried out by OMVIC 4. How many people compose...

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Uploaded on September 8, 2024
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omvic chapter 1 18 exam test with verified answers

Institution OMVIC Chapter 1-18
Course OMVIC Chapter 1-18

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OMVIC Chapter 1-18 Exam Test with Verified Answers Graded A+

1. What is the primary legislation govern- Moter Vehicle Dealers Act, 2002
ing Ontario's retail automotive sector?

2. Which body or agency enforces MVDA? OMVIC

3. List Three Functions carried out by 1) Administers and enforces the
OMVIC MVDA
2) Inspects dealers
3)Maintains a complaint line for
consumers
4) Conducts investigations
5) Conducts disciplinary hear-
ings
6) Conducts prosecutions
7) Administers the Compensation
Fund

4. How many people compose OMVICS 12 total
board of directors? How many dealers ? 9 dealer
How many consumers? 3 consumer

5. Briefly explain the "Transactional Fee Under the transaction fee pro-
Program" gram , dealer are required to re-
mit $10 for each vehicle sold or
leased (included fleet and "as is"
transactions ) to OMVIC. These
funds are remitted annually with
the dealers registration renewal
fee.

6. True or False: The transaction fee can be True
passed along to the customer?

7. True or False: Under the Transaction Fee True
Program, dealers are required to remit
$10 (to OMVIC) for each retail vehicle
sold or leased?

8. What information is OMVIC required to 1) A dealer's business name, ad-
make available to the public? dress and phone number

, OMVIC Chapter 1-18 Exam Test with Verified Answers Graded A+

2) A salespersons name

3) Any proposal to refuse to re-
new, suspend or revoke the regis-
tration of a dealer or salesperson

9. Should OMVIC determine a dealers ad- OMVIC may issue an order re-
vertising to be false or misleading, what quiring the dealer to cease publi-
powers does OMVIC have to stop or cor- cation and/or issue a retraction or
rect it? correction

10. If an order is used to stop or correct Up to 2 years
false advertising, for how long may the
dealer need to seek OMVIC's pre-ap-
proval for future advertising?

11. List two possible situations which could This action might be taken if:
result in OMVIC applying to a court to
appoint a receiver and manager to as- 1) If there has been an investiga-
sume temporary control of a dealership. tion

2) If the dealership is about to fail

3) If OMVIC is proposing to re-
voke a registration

4) If a freeze order is about to be
made

12. What is the minimum age requirement 18 years old
to become a dealer?

13. List the three requirements that must be 1) Complete/Pass certification
met when applying to become a sales- course
person?
2) Pay Fee

3) Be employed or retained by

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Exam (elaborations)

OMVIC Chapter 1-18 Exam Test with Verified Answers Graded A+

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