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Exam (elaborations)

OMVIC 2024 Exam | 111 Actual Questions and Answers 100% Correct

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OMVIC 2024 Exam | 111 Actual Questions and Answers 100% Correct OMVIC 2024 Exam | 111 Actual Questions and Answers 100% Correct OMVIC 2024 Exam | 111 Actual Questions and Answers 100% Correct OMVIC 2024 Exam | 111 Actual Questions and Answers 100% Correct OMVIC 2024 Exam | 111 Actual Questions ...

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  • September 11, 2024
  • 45
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • omvic
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  • OMVIC
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Prose1
OMVIC Automative Test (Chapter 1-18)
d d d d




1.What is the primary legislation governing Ontario's retail automotive sec-
d d d d d d d d d




d tor? (C1): MVDA
d d




2.Which body or agency enforces MVDA? (C1)
d d d d d d




a) Ministry of Government and Consumer Services
d d d d d




b) TADA

c) OMVIC

d) Automotive Business School of Canada: c) OMVIC d d d d d d




3.List three functions carried out by OMVIC (C1).: - Administers and enforces the
d d d d d d d d d d d d




MVDA
d




- Inspects dealers d




- Maintains a complaint line for consumers
d d d d d




- Conducts investigations d




- Conducts disciplinary hearings
d d




- Conducts prosecutions d




1 d/ d45

, OMVIC Automative Test (Chapter 1-18) d d d d




- Administers the compensation fund d d d




4.How many people compose OMVIC's board of directors? Of these, how many
d d d d d d d d d d d




d represent the industry and how many represent consumers? (C1): 12 in total,
d d d d d d d d d d d




9 dealers and 3 consumer reps
d d d d d d




5.Briefly explain the "Transaction Fee Program" (C1).: Under the transaction fee
d d d d d d d d d d




program, dealers are required to remit $10 for each vehicle sold or leased (including
d d d d d d d d d d d d d d




fleet and "as is" transactions) to OMVIC. These funds are remitted annually with the
d d d d d d d d d d d d d d




dealers registration renewal fee.
d d d d




6.True or False: Under the Transaction Fee Program, the dealers are required to
d d d d d d d d d d d d




d remit $10 (to OMVIC) for each retail vehicle sold or leased. (C1): True
d d d d d d d d d d d d




7.T or F: the fee can be passed on to the consumer (C1): True
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8.What is OMVIC required to make available to the public? (C1)
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a) A dealers name, address and phone number
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b) a salespersons name
d d




c) any proposal to refuse to renew, suspend or revoke the registration of a
d d d d d d d d d d d d




2 d/ d45

, OMVIC Automative Test (Chapter 1-18)
d d d d




d dealer or salesperson
d d




d) all of the above: d) all of the above
d d d d d d d d




9.Should OMVIC determine a dealers advertising to be false or misleading what
d d d d d d d d d d d




d powers do they have to stop or correct it? (C1): OMVIC may issue an order
d d d d d d d d d d d d d d




requiring the dealer to cease publication and/or issue a retraction or correction.
d d d d d d d d d d d d




10.If an order is used to stop or correct false advertising, for how long may the
d d d d d d d d d d d d d d d




d dealer need to seek OMVIC pre approval for future advertising? (C1): Up to two
d d d d d d d d d d d d d




years
d




11.List two possible situations which could result in OMVIC applying to a
d d d d d d d d d d d




d court to appoint a receiver and manager to assume temporary control of a
d d d d d d d d d d d d




3 d/ d45

, OMVIC Automative Test (Chapter 1-18) d d d d




dealership. (C1): This action might be taken: d d d d d d




- If there has been an investigation
d d d d d




- If the dealership is about to fall
d d d d d d




- If OMVIC is proposing to revoke a registration
d d d d d d d




- If a freeze order is about to be made
d d d d d d d d




12.What is the minimum age requirement to become a dealer? (C2): 18
d d d d d d d d d d d




13.List three requirements that must be met when applying to become a
d d d d d d d d d d d




d salesperson.(C2): - Complete/pass certification course d d d d




- Pay fee d




- Be employed or retained by a registered dealer to act as a salesperson.
d d d d d d d d d d d d




14.True or False: All dealer and salesperson applicants undergo a Cana-
d d d d d d d d d d




da-wide criminal record search as part of the application screening process.
d d d d d d d d d d




d (C2): True d




15.Which of the following must be registered with OMVIC?(C2)
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4 d/ d45

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