OMVIC EXAM 2026-2027 VERIFIED QUESTIONS
AND ANSWERS GRADED A+ GEORGIAN
COLLEGE
What is the primary legislation governing Ontario's retail automotive sector?
Какое основное законодательство управляет розничным автомобильным
сектором в Онтарио?
The Motor Vehicle Dealers Act, 2002 MVDA
see 1.04
Which body or agency enforces the MVDA?
OMVIC
see 1.04
List three functions carried out by OMVIC
Перечислите три функции, выполняемые OMVIC
Any three of the following:
• Administers and enforces the MVDA
,(Администрирует и обеспечивает соблюдение MVDA)
• Inspects dealers
• Maintains a complaint line for consumers
(Поддерживает линию подачи жалоб потребителей)
• Conducts investigations
(Проводит расследования)
• Conducts disciplinary hearings
(Проводит дисциплинарные слушания)
• Conducts prosecutions
(Ведет судебные преследования)
• Administers the Compensation Fund
(Руководит фондом компенсации)
see 1.07
How many people compose OMVIC's Board of Directors? Of these, how
many represent the industry and how many represent consumers?
Сколько людей составляет совет директоров OMVIC? Сколько из них
представляют промышленность и сколько представляют потребителей?
Twelve total, nine dealers and three
consumer reps
12 в общем 9 диллеров и 3 потребителей
see 1.07
,Briefly explain the "Transaction Fee Program."
Кратко объясните "Стоимость программы транзакций."
Under the transaction fee program, dealers are required to remit $5 for each vehicle
sold or leased (including fleet and "as is" transactions) to OMVIC. These funds are
remitted annually with the dealer's registration renewal fee.
see 1.08
True or False: Under the Transaction Fee Program, dealers will be required
to remit $10 (to OMVIC) for each vehicle sold or leased.
False
see 1.08
True or False: The transaction fee can be passed along to the customer.
True
see 1.08
What information is OMVIC required to make available to the public?
d)
see 1.12
a) A dealer's business name, address and phone number
, b) A salesperson's name
c) Any proposal to refuse to renew, suspend or revoke the
registration of a dealer or salesperson
d) All of the above
Should OMVIC determine a dealer's advertising to be false or misleading,
what powers does OMVIC have to stop or correct it?
OMVIC may issue an order requiring the dealer
to cease publication and/or issue a retraction or
correction.
see 1.12
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?
Up to two years
see 1.09
List two possible situations which could result in OMVIC applying to a
court to appoint a receiver and manager to assume temporary control of
a dealership
This action might be taken:
AND ANSWERS GRADED A+ GEORGIAN
COLLEGE
What is the primary legislation governing Ontario's retail automotive sector?
Какое основное законодательство управляет розничным автомобильным
сектором в Онтарио?
The Motor Vehicle Dealers Act, 2002 MVDA
see 1.04
Which body or agency enforces the MVDA?
OMVIC
see 1.04
List three functions carried out by OMVIC
Перечислите три функции, выполняемые OMVIC
Any three of the following:
• Administers and enforces the MVDA
,(Администрирует и обеспечивает соблюдение MVDA)
• Inspects dealers
• Maintains a complaint line for consumers
(Поддерживает линию подачи жалоб потребителей)
• Conducts investigations
(Проводит расследования)
• Conducts disciplinary hearings
(Проводит дисциплинарные слушания)
• Conducts prosecutions
(Ведет судебные преследования)
• Administers the Compensation Fund
(Руководит фондом компенсации)
see 1.07
How many people compose OMVIC's Board of Directors? Of these, how
many represent the industry and how many represent consumers?
Сколько людей составляет совет директоров OMVIC? Сколько из них
представляют промышленность и сколько представляют потребителей?
Twelve total, nine dealers and three
consumer reps
12 в общем 9 диллеров и 3 потребителей
see 1.07
,Briefly explain the "Transaction Fee Program."
Кратко объясните "Стоимость программы транзакций."
Under the transaction fee program, dealers are required to remit $5 for each vehicle
sold or leased (including fleet and "as is" transactions) to OMVIC. These funds are
remitted annually with the dealer's registration renewal fee.
see 1.08
True or False: Under the Transaction Fee Program, dealers will be required
to remit $10 (to OMVIC) for each vehicle sold or leased.
False
see 1.08
True or False: The transaction fee can be passed along to the customer.
True
see 1.08
What information is OMVIC required to make available to the public?
d)
see 1.12
a) A dealer's business name, address and phone number
, b) A salesperson's name
c) Any proposal to refuse to renew, suspend or revoke the
registration of a dealer or salesperson
d) All of the above
Should OMVIC determine a dealer's advertising to be false or misleading,
what powers does OMVIC have to stop or correct it?
OMVIC may issue an order requiring the dealer
to cease publication and/or issue a retraction or
correction.
see 1.12
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?
Up to two years
see 1.09
List two possible situations which could result in OMVIC applying to a
court to appoint a receiver and manager to assume temporary control of
a dealership
This action might be taken:
