OMVIC EXAM CHAPTER 1-18 WITH VERIFIED
QUESTIONS AND ANSWERS LATEST UPDATED
If a person has been refused registration, what is one condition that has to be met
before the person can reapply? - One of the following:
1) Two years have passed
2) New evidence to demonstrate circumstances have changed
Should OMVIC issue a proposal to refuse (or revoke) registration , to whom can the
applicant appeal? - License Appeal Tribunal (LAT)
List the four "classes" of dealers - 1) General Dealer
2) Broker
3) Wholesaler
4) Exporter
5) Outside Ontario Dealer
6) Lease finance dealer
7)Fleet Lessor
List two reasons why OMVIC might refuse the registration of a dealer or salesperson? -
1) Past conduct
2) False statement on application
3) Failed to comply with terms
4) Cannot be expected to be financially responsible
5) The Compensation Fund has paid out a claim and has not been reimbursed
List three examples of individuals or businesses that are exempt from registration. - 1)
Wholesale auction
2) Wrecker
3) Person selling a vehicle used for family or for a sole proprietorship business
, Name one "change of information" that a dealer must notify OMVIC about. - 1) Change
of dealers address
2) Changes of officers or directors (if dealer is a corporation or partnership0
3) The date of commencement of employment of every salesperson
4) The termination of employment of a salesperson and the date and reason for
termination
In a large dealership, if the dealers principle delegates responsibility for ensuring that
salespersons are registered, this should be delegated to who ? - The Sales Manager
OMVIC can refuse, revoke or suspend registration to a dealer , salesperson or
corporation if the financial responsibility or past conduct of an "interested person in
respect of the applicant / registrant" gives reasonable grounds for it.
Who might OMVIC consider an "interested person" ? - 1) Has or may have a beneficial
interest in the business
2) Exercises or may exercise control either directly or indirectly over the dealer /
salesperson
3) Has provided or may have provided financing either directly or indirectly to the
business
Where is the certificate of the dealer registration kept? - Posted so the public is likely to
see it
True of False: A salesperson must produce his or her registration certificate for
inspection if a customer asks to see it? - True
True or False: Dealers may sell vehicles from any location, so long as they have
registered a head office with OMVIC - False
List the three requirements for a dealers premises - 1) Have a business office (large
enough to store records securely)
2) Have a clearly visible sign identifying registered name
3) Be approved for use as a dealership by municipality
QUESTIONS AND ANSWERS LATEST UPDATED
If a person has been refused registration, what is one condition that has to be met
before the person can reapply? - One of the following:
1) Two years have passed
2) New evidence to demonstrate circumstances have changed
Should OMVIC issue a proposal to refuse (or revoke) registration , to whom can the
applicant appeal? - License Appeal Tribunal (LAT)
List the four "classes" of dealers - 1) General Dealer
2) Broker
3) Wholesaler
4) Exporter
5) Outside Ontario Dealer
6) Lease finance dealer
7)Fleet Lessor
List two reasons why OMVIC might refuse the registration of a dealer or salesperson? -
1) Past conduct
2) False statement on application
3) Failed to comply with terms
4) Cannot be expected to be financially responsible
5) The Compensation Fund has paid out a claim and has not been reimbursed
List three examples of individuals or businesses that are exempt from registration. - 1)
Wholesale auction
2) Wrecker
3) Person selling a vehicle used for family or for a sole proprietorship business
, Name one "change of information" that a dealer must notify OMVIC about. - 1) Change
of dealers address
2) Changes of officers or directors (if dealer is a corporation or partnership0
3) The date of commencement of employment of every salesperson
4) The termination of employment of a salesperson and the date and reason for
termination
In a large dealership, if the dealers principle delegates responsibility for ensuring that
salespersons are registered, this should be delegated to who ? - The Sales Manager
OMVIC can refuse, revoke or suspend registration to a dealer , salesperson or
corporation if the financial responsibility or past conduct of an "interested person in
respect of the applicant / registrant" gives reasonable grounds for it.
Who might OMVIC consider an "interested person" ? - 1) Has or may have a beneficial
interest in the business
2) Exercises or may exercise control either directly or indirectly over the dealer /
salesperson
3) Has provided or may have provided financing either directly or indirectly to the
business
Where is the certificate of the dealer registration kept? - Posted so the public is likely to
see it
True of False: A salesperson must produce his or her registration certificate for
inspection if a customer asks to see it? - True
True or False: Dealers may sell vehicles from any location, so long as they have
registered a head office with OMVIC - False
List the three requirements for a dealers premises - 1) Have a business office (large
enough to store records securely)
2) Have a clearly visible sign identifying registered name
3) Be approved for use as a dealership by municipality
