OMVIC EXAM QUESTIONS AND VERIFIED
ANSWERS 2026(GRADED A+) DETAILED
ANSWERS!!
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Terms in this set (111)
What is the primary legislation MVDA
governing Ontario's retail automotive
sector?
Which body or agency enforces OMVIC
MVDA?
How many people compose 12 in total, 9 dealers and 3 consumer reps
OMVIC's board of directors?
What is the "transaction fee under the transaction fee program, dealers are
program"? required to remit $10 for each vehicle sold or
leased to OMVIC. These funds are remitted
annually with the dealers registration renewal fee.
T or F: the fee can be passed on to True
the consumer
, What is OMVIC required to make A dealers name, address and phone number; a
available to the public? salespersons name; any proposal to refuse to
renew, suspend or revoke the registration of a
dealer or salesperson
Should OMVIC determine a dealers Order to the dealer to cease publication and or
advertising to be false or misleading issue a retraction or correction
what powers do they have to stop or
correct it?
If an order is used to stop or correct up to 2 years
false advertising, for how long may
the dealer need to seek OMVIC pre
approval for future advertising?
What is the minimum age 18
requirement to become a dealer?
If a person has been refused 2 years have passed; new evidence to demonstrate
registration, what are 2 conditions circumstances
that have to be met before the
person can reapply?
If OMVIC issues a proposal to refuse LAT (license appeal tribunal ), Independent judicial
registration, to whom can the body called LAT, within 15 days of receiving the
applicant appeal? proposal
List the 4 classes of dealers General dealer, Broker, Exporter, Wholesaler,
Lease finance dealer
List 3 examples of individuals or Wholesale auction, wrecker, lawyer
businesses that are exempt from
registration
ANSWERS 2026(GRADED A+) DETAILED
ANSWERS!!
Save
Terms in this set (111)
What is the primary legislation MVDA
governing Ontario's retail automotive
sector?
Which body or agency enforces OMVIC
MVDA?
How many people compose 12 in total, 9 dealers and 3 consumer reps
OMVIC's board of directors?
What is the "transaction fee under the transaction fee program, dealers are
program"? required to remit $10 for each vehicle sold or
leased to OMVIC. These funds are remitted
annually with the dealers registration renewal fee.
T or F: the fee can be passed on to True
the consumer
, What is OMVIC required to make A dealers name, address and phone number; a
available to the public? salespersons name; any proposal to refuse to
renew, suspend or revoke the registration of a
dealer or salesperson
Should OMVIC determine a dealers Order to the dealer to cease publication and or
advertising to be false or misleading issue a retraction or correction
what powers do they have to stop or
correct it?
If an order is used to stop or correct up to 2 years
false advertising, for how long may
the dealer need to seek OMVIC pre
approval for future advertising?
What is the minimum age 18
requirement to become a dealer?
If a person has been refused 2 years have passed; new evidence to demonstrate
registration, what are 2 conditions circumstances
that have to be met before the
person can reapply?
If OMVIC issues a proposal to refuse LAT (license appeal tribunal ), Independent judicial
registration, to whom can the body called LAT, within 15 days of receiving the
applicant appeal? proposal
List the 4 classes of dealers General dealer, Broker, Exporter, Wholesaler,
Lease finance dealer
List 3 examples of individuals or Wholesale auction, wrecker, lawyer
businesses that are exempt from
registration
