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OMVIC FINAL EXAM EXPERT CERTIFIED
QUESTIONS AND ANSWER S ALREADY
GRADED A+ NEW! NEW!
**What is the primary legislation governing Ontario's retail automotive sector?** MVDA (Motor Vehicle Dealers Act)
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**Which body or agency enforces MVDA?** OMVIC (Ontario Motor Vehicle Industry Council)
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**How many people compose OMVIC's board of directors?** 12 in total, 9 dealers and 3 consumer reps
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**What is the "transaction fee program"?** Under the transaction fee program, dealers are required to remit $10 for each vehicle sold or leased to OMVIC. These funds are remitted annually with the dealers registration renewal fee.
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**T or F: the fee can be passed on to the consumer**
True
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**What is OMVIC required to make available to the public?** A dealer’s name, address, and phone number; a salesperson’s name; any proposal to refuse to renew, suspend, or revoke the registration of a dealer or salesperson
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**Should OMVIC determine a dealers advertising to be false or misleading what powers do they have to stop or correct it?** Order to the dealer to cease publication and/or issue a retraction or correction
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**If an order is used to stop or correct false advertising, for how long may the dealer need to seek OMVIC pre approval for future advertising?** Up to 2 years
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**What is the minimum age requirement to become a dealer?** 18
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**If a person has been refused registration, what are 2 conditions that have to be met before the person can reapply?**
- years have passed; new evidence to demonstrate
circumstances
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**If OMVIC issues a proposal to refuse registration, to whom can the applicant appeal?** LAT (License Appeal Tribunal), an independent judicial body called LAT, within 15 days of receiving the proposal
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**List the 4 classes of dealers**
General dealer, Broker, Exporter, Wholesaler (Note: Your input
listed 5—General dealer, Broker, Exporter, Wholesaler, Lease finance dealer—but asked for 4; I’ve included the first 4 as a reasonable interpretation)
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**List 3 examples of individuals or businesses that are exempt from registration**** Wholesale auction, wrecker, lawyer
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**Where is the certificate of the dealer registration kept?** Where the public can see it
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