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In winkelwagenWhat is the primary legislation governing Ontarios retail automotive sector?
How many people compose OMVICs board of directors?
12 in total, 9 dealers and 3 consumer reps
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What is the ransaction fee program?
Under the transaction fee program, dealers are required to remit $10 for each vehicle sold or leased to OMVIC. These funds are remitted annually with the dealers registration renewal fee.
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What is OMVIC required to make available to the public?
A dealers name, address, and phone number; a salespersons name; any proposal to refuse to renew, suspend, or revoke the registration of a dealer or salesperson
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Should OMVIC determine a dealers advertising to be false or misleading, what powers do they have to stop or correct it?
Order the dealer to cease publication and/or issue a retraction or correction
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If an order is used to stop or correct false advertising, for how long may the dealer need to seek OMVIC pre-approval for future advertising?
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Oefenvragen makenIn this set of practice questions, you will find 32 questions and answers related to OMVIC Chapter 1-18/58. These questions cover various topics and updates for the year 2023-2024. Use these questions to test your knowledge and prepare for your graded assessment.
32 oefenvragen
English
22-11-2023
What is the primary legislation governing Ontarios retail automotive sector?
MVDAWhich body or agency enforces MVDA?
OMVICHow many people compose OMVICs board of directors?
12 in total, 9 dealers and 3 consumer repsWhat is the ransaction fee program?
Under the transaction fee program, dealers are required to remit $10 for each vehicle sold or leased to OMVIC. These funds are remitted annually with the dealers registration renewal fee.T or F: the fee can be passed on to the consumer
TrueWhat is OMVIC required to make available to the public?
A dealers name, address, and phone number; a salespersons name; any proposal to refuse to renew, suspend, or revoke the registration of a dealer or salespersonShould OMVIC determine a dealers advertising to be false or misleading, what powers do they have to stop or correct it?
Order the dealer to cease publication and/or issue a retraction or correctionIf an order is used to stop or correct false advertising, for how long may the dealer need to seek OMVIC pre-approval for future advertising?
Up to 2 yearsWhat is the minimum age requirement to become a dealer?
If a person has been refused registration, what are 2 conditions that have to be met before the person can reapply?
If OMVIC issues a proposal to refuse registration, to whom can the applicant appeal?
List the 4 classes of dealers.
List 3 examples of individuals or businesses that are exempt from registration.
Where is the certificate of the dealer registration kept?
T or F: Dealers may sell vehicles from any location so long as they have registered a head office with OMVIC.
T or F: the MVDA specifies the records a dealer must maintain - these records must be held for at least 6 years.
Which records of employees must be maintained?
If a dealers records are destroyed or stolen, the dealer must notify?
In order for a remote storage location to be approved by OMVIC, which condition must be met?
T or F: Under the MVDA, all dealers are required to maintain a trust account.
Deposits over what amount must be kept in a trust account?
T or F: Before issuing a freeze order (freezing the dealers assets or trust funds), OMVIC must first notify the dealer.
On a purchase contact, what must be printed in 14 pt. bold font next to the buyers signature?
If a dealer does not have a specific new vehicle in stock but will locate the vehicle and bring it in, what must be disclosed to the purchaser regarding the mileage?
If a Statement Standards Certificate is issued for a vehicle, what does it mean?
What is an as is sale?
T or F: a dealer selling a vehicle as is may also provide a Safety Standards Certificate for the vehicle.
Contracts must have advisory or educational statements designed to inform purchasers/lessees about their rights and responsibilities and to ensure they know about the existence of certain agencies or organizations. Name them.
If a customer gives a deposit but doesnt sign a contract, what rights do they have?
List the previous uses of a vehicle a dealer must disclose.
List the types of incident damage that must be disclosed.
In regards to replacement, what must be disclosed?
Via Knoowy kan ik wanneer het mij uitkomt studiehulp bieden aan studenten met hulpvragen. Het werkt gemakkelijk, snel en het is fijn anderen te kunnen helpen.
Knoowy is een handige website met een ruim aanbod. Alles is duidelijk en goed te vinden.
Echt een super website, heel blij mee dat studenten elkaar zo kunnen helpen.
Goede, veilige en mooie website. Erg overzichtelijk veel aanbod en precies wat ik zocht.
Makkelijk en zonder gedoe! Veel aanbod door veel verschillende aanbieders. Het sluit allemaal goed aan op de lesmethodes!
Het is de moeite waard om via knoowy samenvattingen op te zoeken voor je lesmethoden.
Makkelijke site, groot aanbod, ideale tool voor vinden van kwalitatieve samenvattingen.
Heel fijn en handig dat dit er is. Ik ben niet goed in Engels en op deze manier kom ik makkelijker door de lesstof heen.