OMVIC Exam Questions and Answers 2024 What is the primary legislation governing Ontario's retail automotive sector? - MVDA Which body or agency enforces MVDA? - OMVIC
OMVIC Exam Questions and
Answers 2024
What is the primary legislation governing Ontario's retail automotive sector? -
MVDA
Which body or agency enforces MVDA? - OMVIC
How many people compose OMVIC's board of directors? - 12 in total, 9
dealers and 3 consumer reps
What is the "transaction fee program"? - under the transaction fee program,
dealers are required to remit $10 for each vehicle sold or leased to OMVIC.
These funds are remitted annually with the dealers registration renewal fee.
T or F: the fee can be passed on to the consumer - True
What is OMVIC required to make available to the public? - A dealers name,
address and phone number; a salespersons name; 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 do they have to stop or correct it? - Order to 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? - up to 2
years
What is the minimum age requirement to become a dealer? - 18
If a person has been refused registration, what are 2 conditions that have
to be met before the person can reapply? - 2 years have passed; new
evidence to demonstrate circumstances
If OMVIC issues a proposal to refuse registration, to whom can the applicant
appeal? - LAT (license appeal tribunal ), Independent judicial body called
LAT, within 15 days of receiving the proposal
List the 4 classes of dealers - General dealer, Broker, Exporter, Wholesaler,
Lease finance dealer
List 3 examples of individuals or businesses that are exempt from
registration - Wholesale auction, wrecker, lawyer
, Where is the certificate of the dealer registration kept? - Where the public can
see it
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