OMVIC Chapter 1-18 Questions And Answers Rated A+.
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OMVIC Chapter 1-18
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OMVIC Chapter 1-18
OMVIC Chapter 1-18 Questions And Answers Rated A+.
What is the primary legislation governing Ontario's retail automotive sector? - correct answer. Moter Vehicle Dealers Act, 2002
Which body or agency enforces MVDA? - correct answer. OMVIC
List Three Functions carried out by...
OMVIC Chapter 1-18 Questions And
Answers Rated A+.
What is the primary legislation governing Ontario's retail automotive sector? - correct
answer. Moter Vehicle Dealers Act, 2002
Which body or agency enforces MVDA? - correct answer. OMVIC
List Three Functions carried out by OMVIC - correct answer. 1) Administers and
enforces the MVDA
2) Inspects dealers
3)Maintains a complaint line for consumers
4) Conducts investigations
5) Conducts disciplinary hearings
6) Conducts prosecutions
7) Administers the Compensation Fund
How many people compose OMVICS board of directors? How many dealers ? How
many consumers? - correct answer. 12 total
9 dealer
3 consumer
Briefly explain the "Transactional Fee Program" - correct answer. Under the
transaction fee program , dealer are required to remit $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.
True or False: The transaction fee can be passed along to the customer? - correct
answer. True
True or False: Under the Transaction Fee Program, dealers are required to remit $10
(to OMVIC) for each retail vehicle sold or leased? - correct answer. True
What information is OMVIC required to make available to the public? - correct answer.
1) A dealer's business name, address and phone number
, 2) A salespersons name
3) Any proposal to refuse to renew, suspend or revoke the registration of a dealer or
salesperson
Should OMVIC determine a dealers advertising to be false or misleading, what powers
does OMVIC have to stop or correct it? - correct answer. 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's pre-approval for future advertising? - correct answer. Up to 2 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. - correct answer.
This action might be taken if:
1) If there has been an investigation
2) If the dealership is about to fail
3) If OMVIC is proposing to revoke a registration
4) If a freeze order is about to be made
What is the minimum age requirement to become a dealer? - correct answer. 18 years
old
List the three requirements that must be met when applying to become a salesperson? -
correct answer. 1) Complete/Pass certification course
2) Pay Fee
3) 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. - correct answer. True
Which of the following must be registered with OMVIC? - correct answer. 1) Dealers
2) Salesperson
3) Business managers
4) Finance Managers
NOT
1) Service Managers
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