omvic chapter 17 questions with 100% correct answers graded A+ 2024

omvic chapter 17 questions with 100% correct answers graded A+ 2024True or False: The Code of Ethics Regulations are guidelines or "best practices" but do not have any real legal authority. - correct answer False Dealers and salespeople are required to conduct business in accordance with the law and with (select all that apply): - correct answer Integrity, Fairness, Honesty Failure to abide by the Code of Ethics Regulations can result in: - correct answer Revocation of registration, A disciplinary hearing, Refusal to grant or renew registration. True or False: If the Discipline Panel decides that a dealer or salesperson failed to comply with the Code of Ethics Regulations, the committee may impose a maximum fine of $10,000. - correct answer False (the maximum fine is $25,000) Other than a fine, what other penalties might the Discipline Committee impose? - correct answer The Discipline Committee can also order: The dealer or salesperson to take further educational courses The dealer to pay for educational courses for its salespeople The dealer or salesperson to pay costs True or False: An "order" of the OMVIC Discipline Committee is final and cannot be appealed. - correct answer False Choose the two correct answers: - correct answer A salesperson must not do anything that causes the dealer to break the Code of Ethics. The dealer must ensure the salesperson complies with the Code of Ethics Regulations.