OMVIC Chapter 1-18 Exam Test with Verified Answers 100% Pass
What is the primary legislation governing
Moter Vehicle Dealers Act, 2002
Ontario's retail automotive sector?
Which body or agency enforces MVDA? OMVIC
1) Administers and enforces the MVDA
2) Inspects dealers
3) Maintains a complaint line for con-
List Three Functions carried out by sumers
OMVIC 4) Conducts investigations
5) Conducts disciplinary hearings
6) Conducts prosecutions
7) Administers the Compensation Fund
How many people compose OMVICS 12 total
board of directors? How many dealers ? 9 dealer
How many consumers? 3 consumer
Under the transaction fee program , deal-
er are required to remit $10 for each vehi-
Briefly explain the "Transactional Fee cle sold or leased (included fleet and "as
Program" is" transactions ) to OMVIC. These funds
are remitted annually with the dealers
registration renewal fee.
True or False: The transaction fee can be
True
passed along to the customer?
True or False: Under the Transaction Fee
Program, dealers are required to remit
True
$10 (to OMVIC) for each retail vehicle
sold or leased?
1) A dealer's business name, address
and phone number
What information is OMVIC required to 2) A salespersons name
make available to the public?
3) Any proposal to refuse to renew, sus-
pend or revoke the registration of a deal-
er or salesperson
Should OMVIC determine a dealers ad-
vertising to be false or misleading, what
, OMVIC Chapter 1-18 Exam Test with Verified Answers 100% Pass
OMVIC may issue an order requiring the
powers does OMVIC have to stop or cor-
dealer to cease publication and/or issue
rect it?
a retraction or correction
If an order is used to stop or correct false
advertising, for how long may the dealer
Up to 2 years
need to seek OMVIC's pre-approval for
future advertising?
This action might be taken if:
1) If there has been an investigation
List two possible situations which could
result in OMVIC applying to a court to ap- 2) If the dealership is about to fail
point a receiver and manager to assume
temporary control of a dealership. 3) If OMVIC is proposing to revoke a
registration
4) If a freeze order is about to be made
What is the minimum age requirement to
18 years old
become a dealer?
1) Complete/Pass certification course
List the three requirements that must be
2) Pay Fee
met when applying to become a sales-
person?
3) Be employed or retained by a regis-
tered dealer to act as a salesperson
True or False: All dealer and salesperson
applicants undergo a Canada-wide crim-
True
inal record search as part of the applica-
tion screening process.
1) Dealers
2) Salesperson
3) Business managers
Which of the following must be registered
4) Finance Managers
with OMVIC?
NOT
1) Service Managers
What is the primary legislation governing
Moter Vehicle Dealers Act, 2002
Ontario's retail automotive sector?
Which body or agency enforces MVDA? OMVIC
1) Administers and enforces the MVDA
2) Inspects dealers
3) Maintains a complaint line for con-
List Three Functions carried out by sumers
OMVIC 4) Conducts investigations
5) Conducts disciplinary hearings
6) Conducts prosecutions
7) Administers the Compensation Fund
How many people compose OMVICS 12 total
board of directors? How many dealers ? 9 dealer
How many consumers? 3 consumer
Under the transaction fee program , deal-
er are required to remit $10 for each vehi-
Briefly explain the "Transactional Fee cle sold or leased (included fleet and "as
Program" is" transactions ) to OMVIC. These funds
are remitted annually with the dealers
registration renewal fee.
True or False: The transaction fee can be
True
passed along to the customer?
True or False: Under the Transaction Fee
Program, dealers are required to remit
True
$10 (to OMVIC) for each retail vehicle
sold or leased?
1) A dealer's business name, address
and phone number
What information is OMVIC required to 2) A salespersons name
make available to the public?
3) Any proposal to refuse to renew, sus-
pend or revoke the registration of a deal-
er or salesperson
Should OMVIC determine a dealers ad-
vertising to be false or misleading, what
, OMVIC Chapter 1-18 Exam Test with Verified Answers 100% Pass
OMVIC may issue an order requiring the
powers does OMVIC have to stop or cor-
dealer to cease publication and/or issue
rect it?
a retraction or correction
If an order is used to stop or correct false
advertising, for how long may the dealer
Up to 2 years
need to seek OMVIC's pre-approval for
future advertising?
This action might be taken if:
1) If there has been an investigation
List two possible situations which could
result in OMVIC applying to a court to ap- 2) If the dealership is about to fail
point a receiver and manager to assume
temporary control of a dealership. 3) If OMVIC is proposing to revoke a
registration
4) If a freeze order is about to be made
What is the minimum age requirement to
18 years old
become a dealer?
1) Complete/Pass certification course
List the three requirements that must be
2) Pay Fee
met when applying to become a sales-
person?
3) Be employed or retained by a regis-
tered dealer to act as a salesperson
True or False: All dealer and salesperson
applicants undergo a Canada-wide crim-
True
inal record search as part of the applica-
tion screening process.
1) Dealers
2) Salesperson
3) Business managers
Which of the following must be registered
4) Finance Managers
with OMVIC?
NOT
1) Service Managers
