Omvic Exams Script Latest Actual Questions And Answers Sure A.pdf

OMVIC EXAMS SCRIPT LATEST ACTUAL
QUESTIONS AND ANSWERS SURE A+
✔✔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 - ✔✔d. All of the above

see 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? - ✔✔OMVIC may issue an order
requiring the dealer to cease publication and/or issue a retractions or correction.

see 1.12

✔✔Ch.1 - If an order is used to stop or correct false advertising, for how long may the
dealer need to seek OMVIC's pre-approval for future advertising? - ✔✔Up to two years

see 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. - ✔✔This
action might be taken:
- If there has been an investigation
- If the dealership is about to fail
- If OMVIC is proposing to revoke a registration
- If a freeze order is about to be made

see 1.10

✔✔Ch.2 - What is the minimum age requirement to become a dealer? - ✔✔18

see 2.05

✔✔Ch.2 - List three requirements that must be met when applying to become a
salesperson. - ✔✔Three requirements are:
- Complete/pass certification course
- Pay fee
- Be employed or retained by a registered dealer to act as a salesperson

see 2.07

✔✔Ch.2 - True or False: All dealer and salesperson applicants undergo a Canada-wise
criminal record search as part of the application screening process. - ✔✔True

see 2.03

✔✔Ch.2 - Which of the following must be registered with OMVIC (select all that apply):

a. Dealers
b. Salespersons
c. Business managers
d. Finance managers
e. Service managers - ✔✔a. Dealers
b. Salespersons
c. Business managers
d. Finance managers

see 2.04

✔✔Ch.2 - List two reasons why OMVIC might refuse the registration of a dealer or
salesperson. - ✔✔Any two of:
- Past conduct
- False statement on application

, - Failed to comply with terms
- Cannot be expected to be financially responsible
- The Compensation Fund has paid out a claim and has not been reimbursed

see 2.05 and .10

✔✔Ch.2 - 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:
- Two years have passed
- New evidence to demonstrate circumstances have changed

see 2.13

✔✔Ch.2 - Should OMVIC issue a proposal to refuse (or revoke) registration, to whom
can the applicant appeal? - ✔✔License Appeal Tribunal (LAT)

see 2.12

✔✔Ch.2 - List four "classes" of dealers. - ✔✔Any four classes listed in 2.16

- General dealer, consisting of the following subclasses
++ New and used motor vehicles
++ Used motor vehicles
- Broker
- Wholesaler
- Exporter
- Outside Ontario dealer
- Lease finance dealer
- Fleet lessor, O. Reg. 333/08, s. 18(1), O. Reg 377/09, s 2.

see 2.16

✔✔Ch.2 - List three examples of individuals or business that are exempt from
registration. - ✔✔Any three from 2.14

1. Wholesale auction
2. Wrecker
3. Person selling a vehicle used for family or for a sole proprietorship business.
4. Selling a power-assisted bicycle equipped with both a pedal and auxiliary motor.
5. Registered charity
6. Heavy truck dealer
7. Bus or commercial vehicle dealer
8. Person selling under a court order as a liquidator, a receiver, a trustee in bankruptcy
or the executor (trustee) of an estate.
9. Lawyer