Omvic Examination Prep
Question: What is the primary legislation governing Ontario's
retail automotive sector
CORRECT ANSWER : The Motor Vehicle Dealers Act,
2002
Question: Which body or agency enforces the MVDA? a)
Ministry of Consumer Services b) OADA/TADA c) OMVIC
d) Automotive Business School of Canada
CORRECT ANSWER : OMVIC
Question: List three functions carried out by OMVIC
CORRECT ANSWER : • Administers and enforces the
MVDA • Inspects dealers • Maintains a complaint line for consumers • Conducts investigations • Conducts disciplinary hearings • Conducts prosecutions • Administers the Compensation Fund
Question: How many people compose OMVIC's Board of
Directors? Of these, how many represent the industry and how many represent consumers?
CORRECT ANSWER : Twelve total, nine dealers and three
consumer reps
Question: Briefly explain the "Transaction Fee Program."
CORRECT ANSWER : Under the transaction fee program,
dealers are required to remit $10 for each vehicle sold or leased (including fleet and "as is" transactions) to OMVIC.These funds are remitted annually with the dealer's registration renewal fee.
Question: True or False: Under the Transaction Fee Program, dealers will be required to remit $10 (to OMVIC) for each vehicle sold or leased.
CORRECT ANSWER : T
Question: True or False: The transaction fee can be passed along to the customer.
CORRECT ANSWER : T
Question: 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 salesperson d) All of the above
CORRECT ANSWER : All of the above
Question: Should OMVIC determine a dealer's advertising to
be false or misleading, what powers does OMVIC have to stop or correct it?
CORRECT ANSWER : OMVIC may issue an order
requiring the dealer to cease publication and/or issue a retraction or correction.
Question: 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?
CORRECT ANSWER : Up to 2 years
Question: 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
CORRECT ANSWER : • 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
Question: What is the minimum age requirement to become a
dealer?
CORRECT ANSWER : 18
Question: List three requirements that must be met when
applying to become a salesperson.CORRECT ANSWER : Three requirements are: • Complete/pass certification course • Pay fee • Be employed or retained by a registered dealer to act as a salesperson
Question: True or False: All dealer and salesperson applicants undergo a Canada-wide criminal record search as part of the application screening process.