OMVIC Chapter 1-18 ACTUAL EXAM QUESTIONS
WITH COMPLETE SOLUTION GUIDE (A+ GRADED
100% VERIFIED) LATEST VERSION 2025!!
What is the primary legislation governing Ontario's retail automotive sector? -
(ANSWER)Moter Vehicle Dealers Act, 2002
Which body or agency enforces MVDA? - (ANSWER)OMVIC
List Three Functions carried out by OMVIC - (ANSWER)1) Administers and
enforces the MVDA
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
How many people compose OMVICS board of directors? How many dealers ? How
many consumers? - (ANSWER)12 total
9 dealer
3 consumer
Briefly explain the "Transactional Fee Program" - (ANSWER)Under the transaction
fee program , dealer are 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.
True or False: The transaction fee can be passed along to the customer? -
(ANSWER)True
True or False: Under the Transaction Fee Program, dealers are required to remit
$10 (to OMVIC) for each retail vehicle sold or leased? - (ANSWER)True
What information is OMVIC required to make available to the public? -
(ANSWER)1) A dealer's business name, address and phone number
2) A salespersons name
3) 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 does OMVIC have to stop or correct it? - (ANSWER)OMVIC may issue an
order requiring 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's pre-approval for future advertising? - (ANSWER)Up to 2
years
WITH COMPLETE SOLUTION GUIDE (A+ GRADED
100% VERIFIED) LATEST VERSION 2025!!
What is the primary legislation governing Ontario's retail automotive sector? -
(ANSWER)Moter Vehicle Dealers Act, 2002
Which body or agency enforces MVDA? - (ANSWER)OMVIC
List Three Functions carried out by OMVIC - (ANSWER)1) Administers and
enforces the MVDA
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
How many people compose OMVICS board of directors? How many dealers ? How
many consumers? - (ANSWER)12 total
9 dealer
3 consumer
Briefly explain the "Transactional Fee Program" - (ANSWER)Under the transaction
fee program , dealer are 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.
True or False: The transaction fee can be passed along to the customer? -
(ANSWER)True
True or False: Under the Transaction Fee Program, dealers are required to remit
$10 (to OMVIC) for each retail vehicle sold or leased? - (ANSWER)True
What information is OMVIC required to make available to the public? -
(ANSWER)1) A dealer's business name, address and phone number
2) A salespersons name
3) 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 does OMVIC have to stop or correct it? - (ANSWER)OMVIC may issue an
order requiring 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's pre-approval for future advertising? - (ANSWER)Up to 2
years
