OMVIC Chapter 1-18 Questions with Verified Answers |Latest 2024/2025.
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Course
OMVIC
Institution
OMVIC
What information is OMVIC required to make available to the public? 1) A dealer's business name, address and phone number
2) A salespersons name
3) Any proposal to refuse to renew, suspend or revoke the registration of a dealer or salesperson
Where is the certificate of the dealer regi...
OMVIC Chapter 1-18 Questions with
Verified Answers |Latest 2024/2025.
What information is OMVIC required to make available to the public?
1) A dealer's business name, address and phone number
2) A salespersons name
3) Any proposal to refuse to renew, suspend or revoke the registration
of a dealer or salesperson
Where is the certificate of the dealer registration kept? Posted so
the public is likely to see it
True of False: A salesperson must produce his or her registration
certificate for inspection if a customer asks to see it? True
True or False: Dealers may sell vehicles from any location, so long as
they have registered a head office with OMVIC False
List the three requirements for a dealers premises 1) Have a
business office (large enough to store records securely)
2) Have a clearly visible sign identifying registered name
3) Be approved for use as a dealership by municipality
, How long does the MVDA specify how long a dealer must maintain their
records? They must keep the records for a minimum of 6 years
Should OMVIC determine a dealers advertising to be false or
misleading, what powers does OMVIC have to stop or correct it?
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?
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. This action might be taken if:
1) If there has been an investigation
2) If the dealership is about to fail
3) If OMVIC is proposing to revoke a registration
4) If a freeze order is about to be made
What is the minimum age requirement to become a dealer? 18
years old
List the three requirements that must be met when applying to become
a salesperson? 1) Complete/Pass certification course
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