OMVIC FINAL EXAM AND TEST EXAM 2025 p p p p p p
COMPLETE ACTUAL EXAM QUESTIONS WITH DE p p p p p
TAILED VERIFIED ANSWERS | ALREADY GRADED p p p p p p
A+ | GUARANTEED PASS p p p
Which body or agency enforces the MVDA?
p p p p p p
a) Ministry of Consumer Services p p p
b) OADA/TADA
c) OMVIC
d) Automotive Business School of Canada - ✔✔✔ Correct Answer > OMVIC
p p p p p p p p p p
How many people compose OMVIC's Board of Directors? Of these, how many repre
p p p p p p p p p p p p
sent the industry and how many represent consumers? -
p p p p p p p p
p✔✔✔ Correct Answer > Twelve total, nine dealers and three
p p p p p p p p p
consumer reps p
What is the primary legislation governing Ontario's retail automotive sector -
p p p p p p p p p p
✔✔✔ Correct Answer > The Motor Vehicle Dealers Act, 2002
p p p p p p p p p
List three functions carried out by OMVIC -
p p p p p p p
✔✔✔ Correct Answer > • Administers and enforces the MVDA
p p p p p p p p p p
• Inspects dealers p
• Maintains a complaint line for consumers
p p p p p
,• Conducts investigations p
• Conducts disciplinary hearings p p
• Conducts prosecutions p
• Administers the Compensation Fund p p p
Briefly explain the "Transaction Fee Program." -
p p p p p p
✔✔✔ Correct Answer > Under the transaction fee program, dealers are
p p p p p p p p p p p
required to remit $10 for each vehicle sold or leas
p p p p p p p p p
ed (including fleet and "as is" transactions) to OM
p p p p p p p p
VIC. These funds are remitted annually with the d
p p p p p p p p
ealer's registration renewal fee.
p p p
True or False: Under the Transaction Fee Program, dealers will be required to remit
p p p p p p p p p p p p p
$10 (to OMVIC) for each vehicle sold or leased. - ✔✔✔ Correct Answer > T
p p p p p p p p p p p p p p p
True or False: The transaction fee can be passed along to the customer. - ✔✔✔
p p p p p p p p p p p p p p
Correct Answer > T p p p
What information is OMVIC required to make available to the public?
p p p p p p p p p p
a) A dealer's business name, address and phone number
p p p p p p p
b) A salesperson's name
p p
c) Any proposal to refuse to renew, suspend or revoke the
p p p p p p p p p p
registration of a dealer or salesperson p p p p p
d) All of the above - ✔✔✔ Correct Answer > All of the above
p p p p p p p p p p p p
,Should OMVIC determine a dealer's advertising to be false or misleading, what po
p p p p p p p p p p p p
wers does OMVIC have to stop or correct it? -
p p p p p p p p p
✔✔✔ Correct Answer > OMVIC may issue an order requiring the dealer
p p p p p p p p p p p p
to cease publication and/or issue a retraction or c
p p p p p p p p
orrection.
If an order is used to stop or correct false advertising, for how long may the dealer n
p p p p p p p p p p p p p p p p p
eed to seek OMVIC's pre-approval for future advertising? -
p p p p p p p p
p✔✔✔ Correct Answer > Up to 2 years p p p p p p p
List two possible situations which could result in OMVIC applying to a court to appo
p p p p p p p p p p p p p p
int a receiver and manager to assume temporary control of a dealership -
p p p p p p p p p p p p
✔✔✔ Correct Answer > • If there has been an investigation
p p p p p p p p p p
• If the dealership is about to fail
p p p p p p
• If OMVIC is proposing to revoke a registration
p p p p p p p
• If a freeze order is about to be made
p p p p p p p p
Chapter 2 p
. What is the minimum age requirement to become a dealer? -
p p p p p p p p p p p
p✔✔✔ Correct Answer > 18 p p p p
List three requirements that must be met when applying to become a
p p p p p p p p p p p
salesperson. - ✔✔✔ Correct Answer > Three requirements are:
p p p p p p p p p
• Complete/pass certification course p p
• Pay fee p
, • Be employed or retained by a registered dealer to
p p p p p p p p
act as a salesperson
p p p
True or False: All dealer and salesperson applicants undergo a Canada-
p p p p p p p p p p
wide criminal record search as part of the application screening process. -
p p p p p p p p p p p
✔✔✔ Correct Answer > T
p p p p p
Which of the following must be registered with OMVIC (select all that apply):
p p p p p p p p p p p p
a) Dealers d) Finance managers p p p
b) Salespersons e) Service managers p p p
c) Business managers - ✔✔✔ Correct Answer > a), b), c), d)
p p p p p p p p p p
List two reasons why OMVIC might refuse the registration of a dealer or
p p p p p p p p p p p p
salesperson - ✔✔✔ Correct Answer > Any two of:
p p p p p p p p p
• Past conduct p
• False statement on applicationp p p
• Failed to comply with terms p p p p
• Cannot be expected to be financially responsible
p p p p p p
• The Compensation Fund has paid out a claim
p p p p p p p
and has not been reimbursed
p p p p
If a person has been refused registration, what is one condition that has to be met befo
p p p p p p p p p p p p p p p p
re the person can reapply? - ✔✔✔ Correct Answer > One of the following:
p p p p p p p p p p p p p
• Two years have passed p p p
• New evidence to p p
COMPLETE ACTUAL EXAM QUESTIONS WITH DE p p p p p
TAILED VERIFIED ANSWERS | ALREADY GRADED p p p p p p
A+ | GUARANTEED PASS p p p
Which body or agency enforces the MVDA?
p p p p p p
a) Ministry of Consumer Services p p p
b) OADA/TADA
c) OMVIC
d) Automotive Business School of Canada - ✔✔✔ Correct Answer > OMVIC
p p p p p p p p p p
How many people compose OMVIC's Board of Directors? Of these, how many repre
p p p p p p p p p p p p
sent the industry and how many represent consumers? -
p p p p p p p p
p✔✔✔ Correct Answer > Twelve total, nine dealers and three
p p p p p p p p p
consumer reps p
What is the primary legislation governing Ontario's retail automotive sector -
p p p p p p p p p p
✔✔✔ Correct Answer > The Motor Vehicle Dealers Act, 2002
p p p p p p p p p
List three functions carried out by OMVIC -
p p p p p p p
✔✔✔ Correct Answer > • Administers and enforces the MVDA
p p p p p p p p p p
• Inspects dealers p
• Maintains a complaint line for consumers
p p p p p
,• Conducts investigations p
• Conducts disciplinary hearings p p
• Conducts prosecutions p
• Administers the Compensation Fund p p p
Briefly explain the "Transaction Fee Program." -
p p p p p p
✔✔✔ Correct Answer > Under the transaction fee program, dealers are
p p p p p p p p p p p
required to remit $10 for each vehicle sold or leas
p p p p p p p p p
ed (including fleet and "as is" transactions) to OM
p p p p p p p p
VIC. These funds are remitted annually with the d
p p p p p p p p
ealer's registration renewal fee.
p p p
True or False: Under the Transaction Fee Program, dealers will be required to remit
p p p p p p p p p p p p p
$10 (to OMVIC) for each vehicle sold or leased. - ✔✔✔ Correct Answer > T
p p p p p p p p p p p p p p p
True or False: The transaction fee can be passed along to the customer. - ✔✔✔
p p p p p p p p p p p p p p
Correct Answer > T p p p
What information is OMVIC required to make available to the public?
p p p p p p p p p p
a) A dealer's business name, address and phone number
p p p p p p p
b) A salesperson's name
p p
c) Any proposal to refuse to renew, suspend or revoke the
p p p p p p p p p p
registration of a dealer or salesperson p p p p p
d) All of the above - ✔✔✔ Correct Answer > All of the above
p p p p p p p p p p p p
,Should OMVIC determine a dealer's advertising to be false or misleading, what po
p p p p p p p p p p p p
wers does OMVIC have to stop or correct it? -
p p p p p p p p p
✔✔✔ Correct Answer > OMVIC may issue an order requiring the dealer
p p p p p p p p p p p p
to cease publication and/or issue a retraction or c
p p p p p p p p
orrection.
If an order is used to stop or correct false advertising, for how long may the dealer n
p p p p p p p p p p p p p p p p p
eed to seek OMVIC's pre-approval for future advertising? -
p p p p p p p p
p✔✔✔ Correct Answer > Up to 2 years p p p p p p p
List two possible situations which could result in OMVIC applying to a court to appo
p p p p p p p p p p p p p p
int a receiver and manager to assume temporary control of a dealership -
p p p p p p p p p p p p
✔✔✔ Correct Answer > • If there has been an investigation
p p p p p p p p p p
• If the dealership is about to fail
p p p p p p
• If OMVIC is proposing to revoke a registration
p p p p p p p
• If a freeze order is about to be made
p p p p p p p p
Chapter 2 p
. What is the minimum age requirement to become a dealer? -
p p p p p p p p p p p
p✔✔✔ Correct Answer > 18 p p p p
List three requirements that must be met when applying to become a
p p p p p p p p p p p
salesperson. - ✔✔✔ Correct Answer > Three requirements are:
p p p p p p p p p
• Complete/pass certification course p p
• Pay fee p
, • Be employed or retained by a registered dealer to
p p p p p p p p
act as a salesperson
p p p
True or False: All dealer and salesperson applicants undergo a Canada-
p p p p p p p p p p
wide criminal record search as part of the application screening process. -
p p p p p p p p p p p
✔✔✔ Correct Answer > T
p p p p p
Which of the following must be registered with OMVIC (select all that apply):
p p p p p p p p p p p p
a) Dealers d) Finance managers p p p
b) Salespersons e) Service managers p p p
c) Business managers - ✔✔✔ Correct Answer > a), b), c), d)
p p p p p p p p p p
List two reasons why OMVIC might refuse the registration of a dealer or
p p p p p p p p p p p p
salesperson - ✔✔✔ Correct Answer > Any two of:
p p p p p p p p p
• Past conduct p
• False statement on applicationp p p
• Failed to comply with terms p p p p
• Cannot be expected to be financially responsible
p p p p p p
• The Compensation Fund has paid out a claim
p p p p p p p
and has not been reimbursed
p p p p
If a person has been refused registration, what is one condition that has to be met befo
p p p p p p p p p p p p p p p p
re the person can reapply? - ✔✔✔ Correct Answer > One of the following:
p p p p p p p p p p p p p
• Two years have passed p p p
• New evidence to p p
