OMVIC Chapter 1-18 ACTUAL EXAM QUESTIONS WITH COMPLETE
OMVIC Chapter 1-18
SOLUTION GUIDE (A+ GRADED 100% VERIFIED) LATEST VERSION
Study online at https://quizlet.com/_g4nbl8
2025!!
1. What is the primary legislation govern- Moter Vehicle Dealers Act, 2002
ing Ontario's retail automotive sector?
2. Which body or agency enforces MVDA? OMVIC
3. List Three Functions carried out by 1) Administers and enforces the MVDA
OMVIC 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
4. How many people compose OMVICS 12 total
board of directors? How many dealers ? 9 dealer
How many consumers? 3 consumer
5. Briefly explain the "Transactional Fee Under the transaction fee program , dealer are
Program" 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.
6. True or False: The transaction fee can be True
passed along to the customer?
7. True or False: Under the Transaction Fee True
Program, dealers are required to remit
$10 (to OMVIC) for each retail vehicle
sold or leased?
8. What information is OMVIC required to 1) A dealer's business name, address and
make available to the public? phone number
, OMVIC Chapter 1-18
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2) A salespersons name
3) Any proposal to refuse to renew, suspend or
revoke the registration of a dealer or salesper-
son
9. Should OMVIC determine a dealers ad- OMVIC may issue an order requiring the dealer
vertising to be false or misleading, what to cease publication and/or issue a retraction or
powers does OMVIC have to stop or cor- correction
rect it?
10. If an order is used to stop or correct false Up to 2 years
advertising, for how long may the dealer
need to seek OMVIC's pre-approval for
future advertising?
11. List two possible situations which could This action might be taken if:
result in OMVIC applying to a court to ap-
point a receiver and manager to assume 1) If there has been an investigation
temporary control of a dealership.
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
12. What is the minimum age requirement 18 years old
to become a dealer?
13. List the three requirements that must be 1) Complete/Pass certification course
met when applying to become a sales-
person? 2) Pay Fee
OMVIC Chapter 1-18
SOLUTION GUIDE (A+ GRADED 100% VERIFIED) LATEST VERSION
Study online at https://quizlet.com/_g4nbl8
2025!!
1. What is the primary legislation govern- Moter Vehicle Dealers Act, 2002
ing Ontario's retail automotive sector?
2. Which body or agency enforces MVDA? OMVIC
3. List Three Functions carried out by 1) Administers and enforces the MVDA
OMVIC 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
4. How many people compose OMVICS 12 total
board of directors? How many dealers ? 9 dealer
How many consumers? 3 consumer
5. Briefly explain the "Transactional Fee Under the transaction fee program , dealer are
Program" 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.
6. True or False: The transaction fee can be True
passed along to the customer?
7. True or False: Under the Transaction Fee True
Program, dealers are required to remit
$10 (to OMVIC) for each retail vehicle
sold or leased?
8. What information is OMVIC required to 1) A dealer's business name, address and
make available to the public? phone number
, OMVIC Chapter 1-18
Study online at https://quizlet.com/_g4nbl8
2) A salespersons name
3) Any proposal to refuse to renew, suspend or
revoke the registration of a dealer or salesper-
son
9. Should OMVIC determine a dealers ad- OMVIC may issue an order requiring the dealer
vertising to be false or misleading, what to cease publication and/or issue a retraction or
powers does OMVIC have to stop or cor- correction
rect it?
10. If an order is used to stop or correct false Up to 2 years
advertising, for how long may the dealer
need to seek OMVIC's pre-approval for
future advertising?
11. List two possible situations which could This action might be taken if:
result in OMVIC applying to a court to ap-
point a receiver and manager to assume 1) If there has been an investigation
temporary control of a dealership.
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
12. What is the minimum age requirement 18 years old
to become a dealer?
13. List the three requirements that must be 1) Complete/Pass certification course
met when applying to become a sales-
person? 2) Pay Fee
