OMVIC
OMVIC Chapter 1-18 Questions and Answers
2023 with complete solution
The Motor Vehicle Dealers Act - the primary legislation governing
Ontario's retail
automotive
sector
OMVIC enforces the - Motor Vehicle Dealers Act
OMVIC carries out - - the inspection of dealers
- maintains a complaint line for customers
- conducts investigations
- administers and enforces the MVDA 2002
- conducts disciplinary hearings
- conducts prosecutions
- administers the compensation fund
How many people compose OMVIC's board of directors? - 12 -
9 Dealers & 3
Consumer
Reps
Transaction Fee Program - dealers are required to pay $5.00 for
each vehicle sold or
leased to
OMVIC
True or False : The transaction fee can be passed along to the
consumer. - True : if
the dealership
chooses to.
What information is OMVIC required to make available to the public? - -
business name , address and phone number
- salesperson name
-any proposal to refuse suspend or revoke the registration of a dealer
salesperson
If OMVIC determines that a dealer's advertising is false or misleading,
what do they do
to correct it? - cease publication and issue 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? - up
to 2 years
Possible situations which could result in OMVIC applying to court appoint a
OMVIC Chapter 1-18 Questions and Answers 2023 with complete solution
,OMVIC
receiver and
manager to assume temporary control of a dealership: - - if there
has been an
investigati
on
- if the dealership is about
to fail
- if OMVIC is proposing to revoke a
registration
- if a "freeze order" is about to be
made
OMVIC Chapter 2
What is the minimum age to become a dealer? Ans- 18
Three requirements that must be met when applying to become a
salesperson: Ans- - complete and pass course
- pay fee
-be employed by a dealer
True or False: All dealer and salesperson applicants undergo a canadian-
wide criminal
record search as part of the application screening process.
Ans- true
Dealers, Salespersons, Business Managers & Finance Managers Ans-
Must be
registered with
OMVIC
OMVIC might refuse registration of a dealer or salesperson if: Ans- -
there is a false
statement on
application
- cannot be financially
responsible
If you are refused from the OMVIC registration, how long until you can
reapply? Ans- 2
years with new evidence to prove
change
If OMVIC issues a proposal to refuse or revoke a registration, whom can
the applicant
appeal? Ans- Licence Appeal
Tribunal
OMVIC Chapter 1-18 Questions and Answers 2023 with complete solution
, OMVIC
Four Classes of Dealers Ans- General Dealer, Broker, Wholesaler, and
Exporter
Three examples of people who are exempt from OMVIC registration: Ans-
Wrecker,
OMVIC CHAPTER 3
True or False: Dealers may sell vehicles from any location, so
long as they have
registered a head office with OMVIC.
Answer- False
List two requirements for a dealer's premises. Answer- Have a
business office large
enough to store records
securely.
Have a clearly visible sign identifying
registered name.
Be approved for use as a dealership by
municipality.
The MVDA specifies the records a dealer must maintain. The records
must be kept for
at least six years.
Answer- True
List four examples of the information (related to vehicles sold or leased) that
must be maintained in a dealer's records. Answer- (VIN) , Safety,Result of
any inspection under the Highway Traffic Act (Drive Clean, etc.), Particulars
of any repair or reconditioning work done or authorized
by the dealer, including the source of any parts, the cost of
the work and the name of the repairer
Which of the following records related to employees must be kept? Answer-
Employee
names, Proof of payments, Employee
salaries
Choose the most correct answer. If a dealer's records are destroyed or
stolen, the
dealer must notify: Answer- OMVIC, in writing, within
five days
What must a dealer do if they wish to store records somewhere other than
the location
from which they trade? Answer- Apply for and receive written
OMVIC Chapter 1-18 Questions and Answers 2023 with complete solution
OMVIC Chapter 1-18 Questions and Answers
2023 with complete solution
The Motor Vehicle Dealers Act - the primary legislation governing
Ontario's retail
automotive
sector
OMVIC enforces the - Motor Vehicle Dealers Act
OMVIC carries out - - the inspection of dealers
- maintains a complaint line for customers
- conducts investigations
- administers and enforces the MVDA 2002
- conducts disciplinary hearings
- conducts prosecutions
- administers the compensation fund
How many people compose OMVIC's board of directors? - 12 -
9 Dealers & 3
Consumer
Reps
Transaction Fee Program - dealers are required to pay $5.00 for
each vehicle sold or
leased to
OMVIC
True or False : The transaction fee can be passed along to the
consumer. - True : if
the dealership
chooses to.
What information is OMVIC required to make available to the public? - -
business name , address and phone number
- salesperson name
-any proposal to refuse suspend or revoke the registration of a dealer
salesperson
If OMVIC determines that a dealer's advertising is false or misleading,
what do they do
to correct it? - cease publication and issue 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? - up
to 2 years
Possible situations which could result in OMVIC applying to court appoint a
OMVIC Chapter 1-18 Questions and Answers 2023 with complete solution
,OMVIC
receiver and
manager to assume temporary control of a dealership: - - if there
has been an
investigati
on
- if the dealership is about
to fail
- if OMVIC is proposing to revoke a
registration
- if a "freeze order" is about to be
made
OMVIC Chapter 2
What is the minimum age to become a dealer? Ans- 18
Three requirements that must be met when applying to become a
salesperson: Ans- - complete and pass course
- pay fee
-be employed by a dealer
True or False: All dealer and salesperson applicants undergo a canadian-
wide criminal
record search as part of the application screening process.
Ans- true
Dealers, Salespersons, Business Managers & Finance Managers Ans-
Must be
registered with
OMVIC
OMVIC might refuse registration of a dealer or salesperson if: Ans- -
there is a false
statement on
application
- cannot be financially
responsible
If you are refused from the OMVIC registration, how long until you can
reapply? Ans- 2
years with new evidence to prove
change
If OMVIC issues a proposal to refuse or revoke a registration, whom can
the applicant
appeal? Ans- Licence Appeal
Tribunal
OMVIC Chapter 1-18 Questions and Answers 2023 with complete solution
, OMVIC
Four Classes of Dealers Ans- General Dealer, Broker, Wholesaler, and
Exporter
Three examples of people who are exempt from OMVIC registration: Ans-
Wrecker,
OMVIC CHAPTER 3
True or False: Dealers may sell vehicles from any location, so
long as they have
registered a head office with OMVIC.
Answer- False
List two requirements for a dealer's premises. Answer- Have a
business office large
enough to store records
securely.
Have a clearly visible sign identifying
registered name.
Be approved for use as a dealership by
municipality.
The MVDA specifies the records a dealer must maintain. The records
must be kept for
at least six years.
Answer- True
List four examples of the information (related to vehicles sold or leased) that
must be maintained in a dealer's records. Answer- (VIN) , Safety,Result of
any inspection under the Highway Traffic Act (Drive Clean, etc.), Particulars
of any repair or reconditioning work done or authorized
by the dealer, including the source of any parts, the cost of
the work and the name of the repairer
Which of the following records related to employees must be kept? Answer-
Employee
names, Proof of payments, Employee
salaries
Choose the most correct answer. If a dealer's records are destroyed or
stolen, the
dealer must notify: Answer- OMVIC, in writing, within
five days
What must a dealer do if they wish to store records somewhere other than
the location
from which they trade? Answer- Apply for and receive written
OMVIC Chapter 1-18 Questions and Answers 2023 with complete solution
