100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
OMVIC Exam Study Questions and Answers |100% Pass $9.99   Add to cart

Exam (elaborations)

OMVIC Exam Study Questions and Answers |100% Pass

 1 view  0 purchase
  • Course
  • 2024/2025
  • Institution
  • 2024/2025

OMVIC Exam Study Questions and Answers |100% Pass What is the main law that regulates Ontario's retail automation industry? - Answer-MVDA Which agency enforces the MVDA - Answer-OMVIC What are three things OMVIC does? - Answer-Registers dealers/sellers, inspects dealers, investigates consumer ...

[Show more]

Preview 2 out of 8  pages

  • October 6, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • 2024/2025
  • 2024/2025
avatar-seller
EmillyCharlotte
EMILLYCHARLOTTE 2024/2025 ACADEMIC YAER ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISH SEPTEMBER 2024




OMVIC Exam Study Questions and
Answers |100% Pass

What is the main law that regulates Ontario's retail automation industry? - Answer✔✔-MVDA


Which agency enforces the MVDA - Answer✔✔-OMVIC


What are three things OMVIC does? - Answer✔✔-Registers dealers/sellers, inspects dealers, investigates

consumer complaints


Explain the transaction fee program - Answer✔✔-Dealers must give $12.50 to OMVIC for every vehicle

they sell or lease


True or false: the transaction fee can be charged to the customer - Answer✔✔-True


What information must OMVIC make available to the public - Answer✔✔-A dealers business name,

address and phone number - A salespersons name - that a dealers or salespersons registration has been

revoked


If OMVIC finds that a dealers advertising is false or misleading, what can they do to stop or fix it? -

Answer✔✔-Remove ad from circulation and pre-approve a revision


If a dealer gets a false advertising order, how long can OMVIC require them to get pre-approval for their

ads? - Answer✔✔-Up to 2 years




Page 1/8

, EMILLYCHARLOTTE 2024/2025 ACADEMIC YAER ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISH SEPTEMBER 2024


What are two possible situations that could cause OMVIC to ask the court to appoint a "receiver and

manager" to assume control of a dealership? - Answer✔✔-If the dealership is going out of business, if

the dealer is losing their registration


What is the minimum age required to be a dealer? - Answer✔✔-18


List three requirements to be a salesperson - Answer✔✔-Pay fee, complete automotive certification

course, get employed as a salesperson


True or false: All dealers and salespeople go through a canada wide criminal record search as part of the

registration application process - Answer✔✔-True


True or false: Dealers, Salespeople, Business managers and Finance managers must all be registered with

OMVIC - Answer✔✔-True


List two reasons OMVIC might refuse a dealer or salespersons registration - Answer✔✔-Criminal record,

Bad finances


If someone's registration has been refused, how long until they can reapply? - Answer✔✔-2 years


If OMVIC issues a proposal to refuse or revoke someone's registration, who can the person appeal to? -

Answer✔✔-LAT (License Appeal Tribunal)


List four classes of dealers - Answer✔✔-General Used, General New, Exporter, Wholesaler


List three examples of people or businesses that are exempt from registration with OMVIC - Answer✔✔-

Rental Companies, Auctions, Lawyers


Name one change of information that dealers must notify OMVIC about - Answer✔✔-Address


Page 2/8

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller EmillyCharlotte. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75057 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$9.99
  • (0)
  Add to cart