OMVIC EXAM LATEST - - RELEASED What is the minimum age required to be...

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OMVIC EXAM LATEST -

QUESTIONS AND CORRECT DETAILED ANSWERS JUST

RELEASED

What is the minimum age required to be a dealer?

• 16 with parental approval
• 18
• 21
• 15

18

How many requirements are there to be a salesperson:

• 1
• 10
• 3
• 4

Follow-up: What are the three requirements?

Three requirements are:

• pay the required fee
• have completed the automative certification course
• be employed as a salesperson

True or False: All dealers and salesperson go through a Canada-wise criminal record search as part of the registration application process.True 1 / 4

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Which of the following must be registered with OMVIC (choose all that apply):

• Dealers
• Salesperson
• Business managers
• Finance managers
• Service managers
• Dealers
• Salesperson
• Business managers
• Finance managers

What are reasons why OMVIC might refuse a dealer or salespersons registration.

• Past actions
• False information on application
• Hasn't met terms of registration
• Can't be expected to be financially responsible
• All of the above

Any two of:

• Past actions
• False information on application
• Hasn't met terms of registration
• Can't be expected to be financially responsible
• Owes money to the Compensation Fund

If someone's registration has been refused, what is one condition that has to be met before they can reapply?

• it's been two years since the registration was refused or revoked
• someone vouches for their application 2 / 4

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• they cannot reapply
• it's been three years since the registration was refused or revoked

One of the following:

• it's been two years since the registration was refused or revoked
• new information shows the circumstances have changed

If OMVIC issues a proposal to revoke a registration, who can the applicant appeal to?

• License Appeal Tribunal (LAT)
• Dealers Inspection Tribunal (DIT)
• Motor Vehicle Transaction Inspection Services
• Public Court

License Appeal Tribunal (LAT) What is the main law that regulates Ontario's retail automotive industry?

• The Motor Vehicle Dealers Act (MVDA)
• The Motor Vehicle Act (MVA)
• The Dealers Act for Regulation of Motor Vehicles (RVM)
• Ontario's Motor Vehicle Act (OMVA)

The Motor Vehicle Dealers Act (MVDA) What agency enforces the MVDA?

• Ministry of Public and Business Service Delivery
• MVRO
• OMVIC
• Automotive Business School of Canada
• OMVIC 3 / 4

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4 Which of the following items does OMVIC do?

• administers and enforces the MVDA
• prosecutes consumers that provide false information
• registers dealers and salespeople
• regularly inspects customers of dealers
• confirms no illegal vehicles are on the road

Any of the three:

• administers and enforces the MVDA
• registers dealers and salespeople
• regularly inspects dealers
• receives and investigates complaints from consumers
• disciplines and prosecutes dealers and salespeople
• administers the motor vehicle dealers compensation fund
• works to improve professionalism in the automotive industry

Which of the followings explains the Transaction Fee Program:

• Under the transaction fee program, OMVIC pays dealers $10 for each vehicle they sell or

lease (including fleet and as-is transactions). Dealers give the fees to OMVIC once a year when they renew their registration.

• Under the transaction fee program, dealers pay OMVIC pay $10 for each vehicle they sell or

lease (including fleet and as-is transactions). Dealers give the fees to OMVIC once a year when they renew their registration.

• Under the transaction fee program, customers pay OMVIC pay $10 for each vehicle they

sell or lease (including fleet and as-is transactions). Dealers give the fees to OMVIC once a year when they renew their registration.

• Under the transaction fee program, dealers loan OMVIC $10 for each vehicle they sell or

lease (including fleet and as-is transactions). Dealers give the fees to OMVIC once a month when they renew their r

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