OMVIC Greasy Dealer Exam 2024 | OMVIC
Greasy Dealer Actual Exam 2024 Questions
and Correct Answers Rated A+
What is the primary legislation governing Ontario's retail automotive
sector -ANSWER-The Motor Vehicle Dealers Act, 2002
Which body or agency enforces the MVDA?
a) Ministry of Consumer Services
b) OADA/TADA
c) OMVIC
d) Automotive Business School of Canada -ANSWER-OMVIC
List three functions carried out by OMVIC -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
How many people compose OMVIC's Board of Directors? Of these,
how many represent the industry and how many represent
consumers? -ANSWER-Twelve total, nine dealers and three
consumer reps
Briefly explain the "Transaction Fee Program." -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.
True or False: Under the Transaction Fee Program, dealers will be
required to remit $10 (to OMVIC) for each vehicle sold or leased. -
ANSWER-T
True or False: The transaction fee can be passed along to the
customer. -ANSWER-T
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 -ANSWER-All of the above
Should OMVIC determine a dealer's advertising to be false or
misleading, what powers does OMVIC have to stop or correct it? -
ANSWER-OMVIC may issue an order requiring the dealer
to cease publication and/or issue a retraction or
correction.
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? -ANSWER-Up to 2 years
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 -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
Chapter 2
. What is the minimum age requirement to become a dealer? -
ANSWER-18
List three requirements that must be met when applying to become
a salesperson. -ANSWER-Three requirements are:
• Complete/pass certification course
• Pay fee
• Be employed or retained by a registered dealer to
act as a salesperson
True or False: All dealer and salesperson applicants undergo a
Canada-wide criminal record search as part of the application
screening process. -ANSWER-T
Which of the following must be registered with OMVIC (select all that
apply):
a) Dealers d) Finance managers
b) Salespersons e) Service managers
c) Business managers -ANSWER-a), b), c), d)
List two reasons why OMVIC might refuse the registration of a dealer
or salesperson -ANSWER-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 reimbursed
, If a person has been refused registration, what is one condition that
has to be met before the person can reapply? -ANSWER-One of the
following:
• Two years have passed
• New evidence to
. Should OMVIC issue a proposal to refuse (or revoke) registration, to
whom can the applicant appeal? -ANSWER-Licence Appeal Tribunal
(LAT)
List four "classes" of dealers. -ANSWER-Any four classes listed in
2.16
List three examples of individuals or businesses that are exempt from
registration -ANSWER-Any three from 2.14
Name one "change of information" that a dealer must notify OMVIC
about. -ANSWER-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:
In a large dealership, if the dealer principal delegates responsibility for
ensuring that salespersons are registered, this should be delegated to:
a) The bookkeeper c) The sales manager
b) The salesperson d) The payroll supervisor -ANSWER-c
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