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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
- consumer reps" for OMVIC’s board composition.
4. **QUESTION:** What is the "transaction fee program"?
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**Answer:** 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.
**Rationale:** The document provides this verbatim
explanation of the "transaction fee program."
- **QUESTION:** T or F: the fee can be passed on to the
consumer
**Answer:** True
**Rationale:** The document states "True," indicating the
$10 fee can be passed to the consumer.
6. **QUESTION:** What is OMVIC required to make
available to the public?
**Answer:** 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
**Rationale:** The document lists these three items verbatim
as public information OMVIC must provide.
7. **QUESTION:** Should OMVIC determine a dealer’s
advertising to be false or misleading what powers do they have to stop or correct it?
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**Answer:** Order to the dealer to cease publication and or
issue a retraction or correction
**Rationale:** The document states OMVIC can "Order to
the dealer to cease publication and or issue a retraction or correction" (noting "and or" means "and/or").
8. **QUESTION:** 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?
**Answer:** Up to 2 years
**Rationale:** The document specifies "up to 2 years" for
pre-approval duration.
9. **QUESTION:** What is the minimum age requirement to
become a dealer?
**Answer:** 18
**Rationale:** The document states "18" as the minimum age
to become a dealer.
10. **QUESTION:** If a person has been refused registration,
what are 2 conditions that have to be met before the person can reapply?
**Answer:**
1) 2 years have passed
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2) New evidence to demonstrate circumstances
**Rationale:** The document lists "2 years have passed" and
"new evidence to demonstrate circumstances" as conditions (noting "circumstances" likely means "circumstances have changed").
11. **QUESTION:** If OMVIC issues a proposal to refuse
registration, to whom can the applicant appeal?
**Answer:** LAT (License Appeal Tribunal), Independent
judicial body called LAT, within 15 days of receiving the proposal
**Rationale:** The document specifies appeals go to "LAT
(License Appeal Tribunal)" within 15 days.
12. **QUESTION:** List the 4 classes of dealers
**Answer:**
1) General dealer 2) Broker 3) Exporter 4) Wholesaler
**Rationale:** The document lists five classes; the
QUESTION asks for four, so "General dealer, Broker, Exporter, Wholesaler" are selected, omitting "Lease finance dealer."