OMVIC Chapter 2 question n answers graded A+ 2024

OMVIC Chapter 2 question n answers graded A+ 2024What is the minimum age requirement to become a dealer - correct answer 18 List three requirements that must be met when applying to become a salesperson - correct answer complete/pass certification course, pay fee, be employed or retained by a registration dealer to act as a salesperson True or False: All dealer and salesperson applicants undergo a Canada-wide criminal record search as part of the application screening process - correct answer true Which of the following must be registered with OMVIC (select all that apply) - correct answer dealers, salesperson, business managers, finance managers List two reasons why OMVIC might refuse the registration of a dealer or salesperson - correct answer pass conduct, false statement on application If a person has been refused registration, what is one condition that has to be met before the person can reapply? - correct answer two years have passed Should OMVIC issue a proposal to refuse (or revoke) registration, to whom can the applicant appeal? - correct answer license appeal tribunal (LAT) List four "classes" of dealers. - correct answer Broker, Wholesaler, Exporter, Outside Ontario dealer List three examples of individuals or businesses that are exempt from registration. - correct answer Wholesale auction: Auction having no property interest in the vehicles being sold, Wrecker: Subject to vehicles being purchased for the purpose of wrecking or dismantling, Person selling a vehicle used for family or for a sole proprietorship business.