OMVIC FULL EXAM SET 2025
OMVIC FULL EXAM SET 2025 WITH GUARANTEED ACCURATE ANSWERS |
UPDATED
Ch.1 - What is the primary legislation governing Ontario's retail
automotive sector? - ACCURATE ANSWERS✔✔ The Motor Vehicle
Dealers Act, 2002
Check 1.04
Ch.1 - Which body or agency enforces the MVDA?
a. Ministry of Government and Consumer Services
b. TADA
c. OMVIC
,d. Automotive Business School of Canada - ACCURATE
ANSWERS✔✔ c. OMVIC
Check 1.04
Ch.1 - List three functions carried out by OMVIC. - ACCURATE
ANSWERS✔✔ Any three of the following:
- Administers and enforces the MVDA
- Inspects dealers
- Maintains a complaint line for consumers
- Conducts investigations
- Conducts disciplinary hearings
-Conducts prosecutions
- Administers the Compensation Fund
Check 1.07
Ch.1 - How many people compose OMVIC's Board of Directors? Of
these, how many represent the industry and how many represent the
consumers? - ACCURATE ANSWERS✔✔ Twelve total, nine dealers
and three consumer reps
Check 1.07
,Ch.1 - Briefly explain the "Transaction Fee Program." - ACCURATE
ANSWERS✔✔ Under the transaction fee program, dealers are required
to remit $10 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.
Check 1.08
Ch.1 - True of False: Under the Transaction Fee Program, dealers are
required to remit $10 (to OMVIC) for each retail vehicle sold or leased.
- ACCURATE ANSWERS✔✔ True
Check 1.08
Ch.1 - True or False: The transaction fee can be passed along to the
customer. - ACCURATE ANSWERS✔✔ True
Check 1.08
Ch.1 - What information is OMVIC required to make available to the
public?
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 a salesperson
d. All of the above - ACCURATE ANSWERS✔✔ d. All of the above
Check 1.12
Ch.1 - Should OMVIC determine a dealer's advertising to be false or
misleading, what powers does OMVIC have to stop or correct it? -
ACCURATE ANSWERS✔✔ OMVIC may issue an order requiring the
dealer to cease publication and/or issue a retractions or correction.
Check 1.12
Ch.1 - If an order is used to stop or correct false advertising, for how
long may the dealer need to Checkk OMVIC's pre-approval for future
advertising? - ACCURATE ANSWERS✔✔ Up to two years
Check 1.09
Ch.1 - 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. - ACCURATE ANSWERS✔✔ This
action might be taken:
- If there has been an investigation
OMVIC FULL EXAM SET 2025 WITH GUARANTEED ACCURATE ANSWERS |
UPDATED
Ch.1 - What is the primary legislation governing Ontario's retail
automotive sector? - ACCURATE ANSWERS✔✔ The Motor Vehicle
Dealers Act, 2002
Check 1.04
Ch.1 - Which body or agency enforces the MVDA?
a. Ministry of Government and Consumer Services
b. TADA
c. OMVIC
,d. Automotive Business School of Canada - ACCURATE
ANSWERS✔✔ c. OMVIC
Check 1.04
Ch.1 - List three functions carried out by OMVIC. - ACCURATE
ANSWERS✔✔ Any three of the following:
- Administers and enforces the MVDA
- Inspects dealers
- Maintains a complaint line for consumers
- Conducts investigations
- Conducts disciplinary hearings
-Conducts prosecutions
- Administers the Compensation Fund
Check 1.07
Ch.1 - How many people compose OMVIC's Board of Directors? Of
these, how many represent the industry and how many represent the
consumers? - ACCURATE ANSWERS✔✔ Twelve total, nine dealers
and three consumer reps
Check 1.07
,Ch.1 - Briefly explain the "Transaction Fee Program." - ACCURATE
ANSWERS✔✔ Under the transaction fee program, dealers are required
to remit $10 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.
Check 1.08
Ch.1 - True of False: Under the Transaction Fee Program, dealers are
required to remit $10 (to OMVIC) for each retail vehicle sold or leased.
- ACCURATE ANSWERS✔✔ True
Check 1.08
Ch.1 - True or False: The transaction fee can be passed along to the
customer. - ACCURATE ANSWERS✔✔ True
Check 1.08
Ch.1 - What information is OMVIC required to make available to the
public?
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 a salesperson
d. All of the above - ACCURATE ANSWERS✔✔ d. All of the above
Check 1.12
Ch.1 - Should OMVIC determine a dealer's advertising to be false or
misleading, what powers does OMVIC have to stop or correct it? -
ACCURATE ANSWERS✔✔ OMVIC may issue an order requiring the
dealer to cease publication and/or issue a retractions or correction.
Check 1.12
Ch.1 - If an order is used to stop or correct false advertising, for how
long may the dealer need to Checkk OMVIC's pre-approval for future
advertising? - ACCURATE ANSWERS✔✔ Up to two years
Check 1.09
Ch.1 - 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. - ACCURATE ANSWERS✔✔ This
action might be taken:
- If there has been an investigation
