OMVIC AUTOMATIVE TEST (CHAPTER 1-18)
FINAL EXAM QUESTIONS AND CORRECT
ANSWERS LATEST UPDATE TESTED AND
APPROVED
Which of the following must be registered with OMVIC?(C2) a)
Dealers
b) Salespersons
c) Business managers
d) Finance managers
e) Service Managers
a, b, c, d
List two reasons why OMVIC might refuse the registration of a dealer or
salesperson?(C2) Any two of:
- Past conduct
- False statement on application
- Failed to comply with terms
- Cannot be expected to be financially responsible
The Compensation Fund has paid out a claim and has not been reimburse
If a person has been refused registration, what is one of the condition that has
to be met before the person can re-apply?(C2) One of the following:
- Two years have passed
,- New evidence to demonstrate circumstance has changed
Should OMVIC issue a proposal to refuse (or revoke) registration, to whom
the applicant can appeal?(C2) License Appeal Tribunal (LAT)
List the 4 classes of dealers(C2)
1. General dealer
2. Broker, Exporter
3. Wholesaler
4. Lease finance dealer
List 3 examples of individuals or businesses that are exempt from
registration(C2) 1. Wholesale auction
2. Wrecker 3.
Lawyer
Name one "Change of Information" that a dealer must notify OMVIC
about(C2) Any of the following:
- Change of dealer address
- Changes of officers or directors (if dealer is a corporation or partnership)
- The date of commencement of employment of every salesperson
- The termination of employment of a salesperson and the date and reason for
termination
Please choose the most correct answer:(C2)
In a large dealership, if the dealer principal delegates responsibility for
ensuring that salespersons are registered, this should be delegated to: a) The
Bookkeeper
b) The Salesperson
c) The Sales Manager
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, d) The Payroll Supervisor
c) The Sales Manager
OMVIC can refuse, revoke or suspend registration to a dealer, salesperson or
corporation if the financial responsibility or past conduct of an "interested
person in respect of the applicant/registrant" gives reasonable grounds for it.
Who might OMVIC consider an "Interested Person"?(C2) An interested
person:
- Has or may have a beneficial interest in the business
Exercise or may exercise control either directly or indirectly over the
dealer/salesperson
- Has provided or may have provided financing either directly or indirectly to the
business
Where is the certificate of the dealer registration kept?(C2)
Posted so the public is likely to see it
True or False: A salesperson must produce his or her registration certificate
for inspection if a customer asks to see it.(C2)
True
In your own words describe:(C2)
a) Both classes of General Dealers
b) Three other classes
General Dealer (new and used): A business that trades in both new and used
vehicles. If the dealer is not a Trillium Automobile Dealers Association (TADA)
member, the dealer will need to provide a copy of the sales and service agreement
in order to be assigned to this class.
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FINAL EXAM QUESTIONS AND CORRECT
ANSWERS LATEST UPDATE TESTED AND
APPROVED
Which of the following must be registered with OMVIC?(C2) a)
Dealers
b) Salespersons
c) Business managers
d) Finance managers
e) Service Managers
a, b, c, d
List two reasons why OMVIC might refuse the registration of a dealer or
salesperson?(C2) Any two of:
- Past conduct
- False statement on application
- Failed to comply with terms
- Cannot be expected to be financially responsible
The Compensation Fund has paid out a claim and has not been reimburse
If a person has been refused registration, what is one of the condition that has
to be met before the person can re-apply?(C2) One of the following:
- Two years have passed
,- New evidence to demonstrate circumstance has changed
Should OMVIC issue a proposal to refuse (or revoke) registration, to whom
the applicant can appeal?(C2) License Appeal Tribunal (LAT)
List the 4 classes of dealers(C2)
1. General dealer
2. Broker, Exporter
3. Wholesaler
4. Lease finance dealer
List 3 examples of individuals or businesses that are exempt from
registration(C2) 1. Wholesale auction
2. Wrecker 3.
Lawyer
Name one "Change of Information" that a dealer must notify OMVIC
about(C2) Any of the following:
- Change of dealer address
- Changes of officers or directors (if dealer is a corporation or partnership)
- The date of commencement of employment of every salesperson
- The termination of employment of a salesperson and the date and reason for
termination
Please choose the most correct answer:(C2)
In a large dealership, if the dealer principal delegates responsibility for
ensuring that salespersons are registered, this should be delegated to: a) The
Bookkeeper
b) The Salesperson
c) The Sales Manager
Page 2 of 26
, d) The Payroll Supervisor
c) The Sales Manager
OMVIC can refuse, revoke or suspend registration to a dealer, salesperson or
corporation if the financial responsibility or past conduct of an "interested
person in respect of the applicant/registrant" gives reasonable grounds for it.
Who might OMVIC consider an "Interested Person"?(C2) An interested
person:
- Has or may have a beneficial interest in the business
Exercise or may exercise control either directly or indirectly over the
dealer/salesperson
- Has provided or may have provided financing either directly or indirectly to the
business
Where is the certificate of the dealer registration kept?(C2)
Posted so the public is likely to see it
True or False: A salesperson must produce his or her registration certificate
for inspection if a customer asks to see it.(C2)
True
In your own words describe:(C2)
a) Both classes of General Dealers
b) Three other classes
General Dealer (new and used): A business that trades in both new and used
vehicles. If the dealer is not a Trillium Automobile Dealers Association (TADA)
member, the dealer will need to provide a copy of the sales and service agreement
in order to be assigned to this class.
Page 3 of 26
