OMVIC REAL PRACTICE EXAM LATEST VERSION WITH 100 QUESTION ANS VERIFIED CORRECT ANSWERS/GRADED A+

OMVIC REAL PRACTICE EXAM LATEST VERSION WITH 100 QUESTION ANS VERIFIED CORRECT ANSWERS/GRADED A+

### Answers to Ontario Retail Automotive Sector QUESTIONs
1. **QUESTION:** What is the primary legislation governing
Ontario's retail automotive sector?
 **Answer:** MVDA
 **Rationale:** The document specifies "MVDA" (Motor
Vehicle Dealers Act) as the primary legislation.
2. **QUESTION:** Which body or agency enforces MVDA?
 **Answer:** OMVIC
 **Rationale:** The document identifies "OMVIC" (Ontario
Motor Vehicle Industry Council) as the enforcing agency.
3. **QUESTION:** How many people compose OMVIC's
board of directors?
 **Answer:** 12 in total, 9 dealers and 3 consumer reps
 **Rationale:** The document states "12 in total, 9 dealers and
3 consumer reps" for OMVIC’s board composition.
4. **QUESTION:** What is the "transaction fee program"? 

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