OMVIC Exam Questions & Answers | 100% Correct Answers | Verified | Latest 2024 Version

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 circumstancesIf OMVIC issues a proposal to refuse registration, to whom can the applicant appeal? - LAT (license appeal tribunal ), Independent judicial body call