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OMVIC Chapter 1-18 Questions with Verified Answers |Latest 2024/2025. $10.99   Add to cart

Exam (elaborations)

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...

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  • September 29, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • OMVIC
  • OMVIC
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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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