OMVIC EXAM Questions with 100% Correct Answers | Verified | Latest Update

1. What is the primary legislation governing Ontario's retail automotive sec- tor? ANS MVDA 2. Which body or agency enforces MVDA? ANS OMVIC 3. How many people compose OMVIC's board of directors? ANS 12 in total, 9 dealers and 3 consumer reps 4. What is the "transaction fee program"? ANS under the transaction fee program, dealers are required to remit $10 for each vehicle sold or leased to OMVIC. These funds are remitted annually with the dealers registration renewal fee. 5. T or F the fee can be passed on to the consumer ANS True 6. What is OMVIC required to make available to the public? ANS A dealers name, address and phone number; a salespersons name; any proposal to refuse to renew, suspend or revoke the registration of a dealer or salesperson 7. Should OMVIC determine a dealers advertising to be false or misleading what powers do they have to stop or correct it? ANS Order to the dealer to cease publication and or issue a retraction or correction 8. If an order is used to stop or correct false advertising, for how long may the dealer need to seek OMVIC pre approval for future advertising? ANS up to 2 years 9. What is the minimum age requirement to become a dealer? ANS 18