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OMVIC EXAMINATION PREP QUESTIONS
WITH DETAILED VERIFIED ANSWERS
AN OMVIC Inspector has the right to access dealer records, but not the
vehicles on the dealer's lot.
A) True
B) False Ans: B) False
What is the primary legislation that governs Ontario's retail automotive
sector?
A) MVDA
B) OMVIC
C) OADA/TADA
D) ABSC Ans: A) MVDA
Which ministry or agency enforces the MVDA?
A) Ministry of Government and Consumers Services
B) TADA
C) OMVIC
D) Ministry of Transportation Ans: C) OMVIC
Which of the following is NOT a function carried, out by OMVIC?
A) Inspecting dealers
B) Regulating manufacturers
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C) Enforcing the MVDA
D) Administering the Motor Vehicle Dealers Compensation Fund Ans: B)
Regulating manufacturers
How many people compose OMVIC's Board of Directors? Of these, how
many represent the industry and how many represent consumers?
A) Ten total, six dealer and four consumer representatives
B) Twelve total, three dealer and nine consumer representatives
C) Ten total, five dealer and five consumer representatives
D) Twelve total nine dealer and three consumer representatives Ans: D)
Twelve total nine dealer and three consumer representatives
What is the "Transaction Fee Program"?
A) A $5 fee paid by dealers to OMVIC for each vehicle sold or leased (not
including wholesale transactions)
B) A monthly $10 fee paid by registered salespeople to OMVIC
C) A $7 fee paid by dealers to OMVIC for each vehicle sold or leased (not
including wholesale transactions)
D) A $10 fee paid by dealers to OMVIC for each vehicle sold or leased
(not including wholesale transactions) Ans: A $10 fee paid by dealers to
OMVIC for each vehicle sold or leased (not including wholesale
transactions)
Under the Transaction Fee Program, dealers are required to remit $10 (to
OMVIC) for each retail vehicle sold or leased.
A) True
B) False Ans: A) True
The transaction fee can be passed along to the customer?
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A) True
B) False Ans: A) True
What information is OMVIC required to make available to the public?
A) A dealer's business name, address and phone number
B) A saleperson's name
C) Any proposal to refuse to renew, suspend or revoke the registration of
a dealer or salesperson
D) Any OMVIC related charge, conviction or discipline decision
E) All of the above Ans: E) All of the above
Should OMVIC determine a dealer's advertising to be false or misleading
what powers does OMVIC have to sotp or correct it?
A) OMVIC can issue an order requiring the dealer to cease publication
and/or issue a retraction or correction
B) OMVIC does not have powers to stop the publication
C) OMVIC can only issue fines for false or misleading advertising Ans: A)
OMVIC can issue an order requiring the dealer to cease publication
and/or issue a retraction or correction
If a dealer violates the advertising regulations, for how long may a dealer
be required to seek OMVIC'S pre-approval for future advertising?
A) Up to a year
B) Up to 2 years
C) Up to 5 years
D) Up to 6 months Ans: B) Up to 2 years
OMVIC EXAMINATION PREP QUESTIONS
WITH DETAILED VERIFIED ANSWERS
AN OMVIC Inspector has the right to access dealer records, but not the
vehicles on the dealer's lot.
A) True
B) False Ans: B) False
What is the primary legislation that governs Ontario's retail automotive
sector?
A) MVDA
B) OMVIC
C) OADA/TADA
D) ABSC Ans: A) MVDA
Which ministry or agency enforces the MVDA?
A) Ministry of Government and Consumers Services
B) TADA
C) OMVIC
D) Ministry of Transportation Ans: C) OMVIC
Which of the following is NOT a function carried, out by OMVIC?
A) Inspecting dealers
B) Regulating manufacturers
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C) Enforcing the MVDA
D) Administering the Motor Vehicle Dealers Compensation Fund Ans: B)
Regulating manufacturers
How many people compose OMVIC's Board of Directors? Of these, how
many represent the industry and how many represent consumers?
A) Ten total, six dealer and four consumer representatives
B) Twelve total, three dealer and nine consumer representatives
C) Ten total, five dealer and five consumer representatives
D) Twelve total nine dealer and three consumer representatives Ans: D)
Twelve total nine dealer and three consumer representatives
What is the "Transaction Fee Program"?
A) A $5 fee paid by dealers to OMVIC for each vehicle sold or leased (not
including wholesale transactions)
B) A monthly $10 fee paid by registered salespeople to OMVIC
C) A $7 fee paid by dealers to OMVIC for each vehicle sold or leased (not
including wholesale transactions)
D) A $10 fee paid by dealers to OMVIC for each vehicle sold or leased
(not including wholesale transactions) Ans: A $10 fee paid by dealers to
OMVIC for each vehicle sold or leased (not including wholesale
transactions)
Under the Transaction Fee Program, dealers are required to remit $10 (to
OMVIC) for each retail vehicle sold or leased.
A) True
B) False Ans: A) True
The transaction fee can be passed along to the customer?
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A) True
B) False Ans: A) True
What information is OMVIC required to make available to the public?
A) A dealer's business name, address and phone number
B) A saleperson's name
C) Any proposal to refuse to renew, suspend or revoke the registration of
a dealer or salesperson
D) Any OMVIC related charge, conviction or discipline decision
E) All of the above Ans: E) All of the above
Should OMVIC determine a dealer's advertising to be false or misleading
what powers does OMVIC have to sotp or correct it?
A) OMVIC can issue an order requiring the dealer to cease publication
and/or issue a retraction or correction
B) OMVIC does not have powers to stop the publication
C) OMVIC can only issue fines for false or misleading advertising Ans: A)
OMVIC can issue an order requiring the dealer to cease publication
and/or issue a retraction or correction
If a dealer violates the advertising regulations, for how long may a dealer
be required to seek OMVIC'S pre-approval for future advertising?
A) Up to a year
B) Up to 2 years
C) Up to 5 years
D) Up to 6 months Ans: B) Up to 2 years
