OMVIC Test Questions And Correct Answers
(A+) Latest Update
What organization administers the MVDA?
a. Ministry of Public and Business Service Delivery
b. MVRO
c. OMVIC
d. Automotive Business School of Canada
c. OMVIC
What is the primary legislation governing the retail automotive industry in Ontario?
a. The Motor Vehicle Dealers Act (MVDA)
b. The Motor Vehicle Act (MVA)
c. The Dealers Act for Regulation of Motor Vehicles (RVM)
d. Ontario's Motor Vehicle Act (OMVA)
The Motor Vehicle Dealers Act (MVDA)
Which of the following does OMVIC?
administers and enforces the MVDA
prosecutes consumers that provide false information
registers dealers and salespeople
regularly checks into customers of dealers
confirms no illegal vehicles are on the road
Any of the three:
administers and enforces the MVDA
,registers dealers and salespeople
regularly checks on dealers
receives and investigates complaints from consumers
disciplines and prosecutes dealers and salespeople
administers the motor vehicle dealers compensation fund
works to improve professionalism in the automotive industry
Which of the followings explains the Transaction Fee Program:
a. Under the transaction fee program, OMVIC pays dealers $10 for each vehicle they sell
or lease (including fleet and as-is transactions). Dealers give the fees to OMVIC once a
year when they renew their registration.
b. Under the transaction fee program, dealers pay OMVIC pay $10 for each vehicle they
sell or lease (including fleet and as-is transactions). Dealers give the fees to OMVIC
once a year when they renew their registration.
c. Under the transaction fee program, customers pay OMVIC pay $10 for each vehicle
they sell or lease (including fleet and as-is transactions). Dealers give the fees to OMVIC
once a year when they renew their registration.
d. Under the transaction fee program, dealers lend OMVIC $10 for each vehicle they sell
or lease (including fleet and as-is transactions). Dealers turn the fees over to OMVIC
once a month when they renew their r
Under the transaction fee program, dealers pay OMVIC $10 for each vehicle they sell or
lease, including fleet and as-is transactions. Dealers give the fees to OMVIC once a year
when they renew their registration.
*
True or False: Under the Transcription Fee Program, dealers must give $10 to OMVIC
for every vehicle they see or lease.
True
*
True or False: The transaction fee can be charged to the customer
True
,Which of the following information must OMVIC make available to the public?
a. A dealer's business name, address and phone number
b. A salesperson's name
c. That a dealer's or salesperson's registration has been or may be refused, revoked or
suspended
d. All of the above
D. All of the above
If OMVIC believes a dealer's advertisement to be false or misleading, what can they do
to stop or rectify it?
a. OMVIC may impose a fine against the dealer b. OMVIC has no authority c. OMVIC can
issue an advertising order that could require the dealer to immediately cease the
advertisement and retract the information or publish a correction
d. OMVIC can simply request an order be placed for a takedown of the ad from the
company, but beyond this step, it's up to the company if they so wish. No further action
beyond this can be pursued.
OMVIC can issue an advertising order that can require the dealer to immediately cease
the advertisement and take back the information or publish a correction.
If a dealer receives a false advertising order, how long can OMVIC require them to get
pre-approval for their advertisements?
a. One year
b. Three months
c. Up to two years
d. Five years
Up to two years
, Which of the following is one of the possible scenarios that may result in OMVIC applying
to the court to appoint a "receiver and manager" to take over control of a dealership.
a. the dealership is about to go out of business
b. OMVIC intends to revoke the registration of the dealer
c. OMVIC is going to issue a freeze order
d. None of the above
e. All of the above
Any two of the following:
- the dealership is going to go out of business
- OMVIC intends to revoke the registration of the dealer
- OMVIC is going to issue a freeze order
What is the age requirement for being a dealer?
a. 16 with parental consent
b. 18
c. 21
d. 15
18
How many requirements are there to be a salesperson:
a. 1
b. 10
c. 3
d. 4
Follow-up: What are the three requirements?
(A+) Latest Update
What organization administers the MVDA?
a. Ministry of Public and Business Service Delivery
b. MVRO
c. OMVIC
d. Automotive Business School of Canada
c. OMVIC
What is the primary legislation governing the retail automotive industry in Ontario?
a. The Motor Vehicle Dealers Act (MVDA)
b. The Motor Vehicle Act (MVA)
c. The Dealers Act for Regulation of Motor Vehicles (RVM)
d. Ontario's Motor Vehicle Act (OMVA)
The Motor Vehicle Dealers Act (MVDA)
Which of the following does OMVIC?
administers and enforces the MVDA
prosecutes consumers that provide false information
registers dealers and salespeople
regularly checks into customers of dealers
confirms no illegal vehicles are on the road
Any of the three:
administers and enforces the MVDA
,registers dealers and salespeople
regularly checks on dealers
receives and investigates complaints from consumers
disciplines and prosecutes dealers and salespeople
administers the motor vehicle dealers compensation fund
works to improve professionalism in the automotive industry
Which of the followings explains the Transaction Fee Program:
a. Under the transaction fee program, OMVIC pays dealers $10 for each vehicle they sell
or lease (including fleet and as-is transactions). Dealers give the fees to OMVIC once a
year when they renew their registration.
b. Under the transaction fee program, dealers pay OMVIC pay $10 for each vehicle they
sell or lease (including fleet and as-is transactions). Dealers give the fees to OMVIC
once a year when they renew their registration.
c. Under the transaction fee program, customers pay OMVIC pay $10 for each vehicle
they sell or lease (including fleet and as-is transactions). Dealers give the fees to OMVIC
once a year when they renew their registration.
d. Under the transaction fee program, dealers lend OMVIC $10 for each vehicle they sell
or lease (including fleet and as-is transactions). Dealers turn the fees over to OMVIC
once a month when they renew their r
Under the transaction fee program, dealers pay OMVIC $10 for each vehicle they sell or
lease, including fleet and as-is transactions. Dealers give the fees to OMVIC once a year
when they renew their registration.
*
True or False: Under the Transcription Fee Program, dealers must give $10 to OMVIC
for every vehicle they see or lease.
True
*
True or False: The transaction fee can be charged to the customer
True
,Which of the following information must OMVIC make available to the public?
a. A dealer's business name, address and phone number
b. A salesperson's name
c. That a dealer's or salesperson's registration has been or may be refused, revoked or
suspended
d. All of the above
D. All of the above
If OMVIC believes a dealer's advertisement to be false or misleading, what can they do
to stop or rectify it?
a. OMVIC may impose a fine against the dealer b. OMVIC has no authority c. OMVIC can
issue an advertising order that could require the dealer to immediately cease the
advertisement and retract the information or publish a correction
d. OMVIC can simply request an order be placed for a takedown of the ad from the
company, but beyond this step, it's up to the company if they so wish. No further action
beyond this can be pursued.
OMVIC can issue an advertising order that can require the dealer to immediately cease
the advertisement and take back the information or publish a correction.
If a dealer receives a false advertising order, how long can OMVIC require them to get
pre-approval for their advertisements?
a. One year
b. Three months
c. Up to two years
d. Five years
Up to two years
, Which of the following is one of the possible scenarios that may result in OMVIC applying
to the court to appoint a "receiver and manager" to take over control of a dealership.
a. the dealership is about to go out of business
b. OMVIC intends to revoke the registration of the dealer
c. OMVIC is going to issue a freeze order
d. None of the above
e. All of the above
Any two of the following:
- the dealership is going to go out of business
- OMVIC intends to revoke the registration of the dealer
- OMVIC is going to issue a freeze order
What is the age requirement for being a dealer?
a. 16 with parental consent
b. 18
c. 21
d. 15
18
How many requirements are there to be a salesperson:
a. 1
b. 10
c. 3
d. 4
Follow-up: What are the three requirements?
