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OMVIC TEST BANK 2025/2026
What is the primary legislation governing Ontario's retail automotive sector?
Moter Vehicle Dealers Act, 2002
Which body or agency enforces MVDA?
OMVIC
List Three Functions carried out by OMVIC
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
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How many people compose OMVICS board of directors? How many dealers ? How
many consumers?
12 total
9 dealer
3 consumer
Briefly explain the "Transactional Fee Program"
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?
True
True or False: Under the Transaction Fee Program, dealers are required to remit $10
(to OMVIC) for each retail vehicle sold or leased?
True
What information is OMVIC required to make available to the public?
1) A dealer's business name, address and phone number
2) A salespersons name
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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?
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?
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.
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
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What is the minimum age requirement to become a dealer?
18 years old
List the three requirements that must be met when applying to become a salesperson?
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.
True
Which of the following must be registered with OMVIC?
1) Dealers
2) Salesperson
3) Business managers
4) Finance Managers
NOT
1) Service Managers
List two reasons why OMVIC might refuse the registration of a dealer or salesperson?
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OMVIC TEST BANK 2025/2026
What is the primary legislation governing Ontario's retail automotive sector?
Moter Vehicle Dealers Act, 2002
Which body or agency enforces MVDA?
OMVIC
List Three Functions carried out by OMVIC
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
1 OMVIC TEST BANK 2025/2026@!#!@$#@)(*&^%^
https://www.stuvia.com/user/passnursingnow https://www.stuvia.com/user/passnursingnow https://www.stuvia.com/user/passnursingnow
,https://www.stuvia.com/user/passnursingnow https://www.stuvia.com/user/passnursingnow https://www.stuvia.com/user/passnursingnow
How many people compose OMVICS board of directors? How many dealers ? How
many consumers?
12 total
9 dealer
3 consumer
Briefly explain the "Transactional Fee Program"
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?
True
True or False: Under the Transaction Fee Program, dealers are required to remit $10
(to OMVIC) for each retail vehicle sold or leased?
True
What information is OMVIC required to make available to the public?
1) A dealer's business name, address and phone number
2) A salespersons name
2 OMVIC TEST BANK 2025/2026@!#!@$#@)(*&^%^
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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?
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?
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.
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
3 OMVIC TEST BANK 2025/2026@!#!@$#@)(*&^%^
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What is the minimum age requirement to become a dealer?
18 years old
List the three requirements that must be met when applying to become a salesperson?
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.
True
Which of the following must be registered with OMVIC?
1) Dealers
2) Salesperson
3) Business managers
4) Finance Managers
NOT
1) Service Managers
List two reasons why OMVIC might refuse the registration of a dealer or salesperson?
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