Study guides, Class notes & Summaries

OMVIC FINAL EXAM 2023...

Omvic Examination Prep 2023...

OMVIC Exam Questions and Answers 2024 What is the primary legislation governing Ontario's retail automotive sector? - MVDA Which body or agency enforces MVDA? - OMVIC

What is the primary legislation governing Ontario's retail automotive sector? - MVDA Which body or agency enforces MVDA? - OMVIC How many people compose OMVIC's board of directors? - 12 in total, 9 dealers and 3 consumer reps What is the "transaction 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 o...

OMVIC Greasy Dealer Exam Questions And Answers (Verified And Updated) What is the primary legislation governing Ontario's retail automotive sector - answerThe 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 - answerOMVIC List three functions carried out by OMVIC - answer• Administers and enforces the MVDA • Inspects dealers • Maintains a complaint line for cons...

Omvic chapter 15 Exam Questions And Answers (Verified And Updated) Explain four techniques that can be used to determine or research the distance a vehicle has been driven. - answerpage 146-15.04 Why should a dealer do a lien check on a vehicle that is being taken in on trade? - answerProtect the dealer Is it possible for more t

Omvic Chapter 5 Exam Questions With Verified Answers List three "previous uses of a vehicle" dealers must disclose. - answerTaxi, Limo, Police vehicle... List three types of incident damage that must be disclosed. - answerFire, Flood, Collision damage more than $3000 True or False: Dealer A buys from a daily rental company a car previously used in the rental fleet. Dealer A then sells the car (giving full disclosure of the car's history as a daily rental) to a consumer who buys it for...

OMVIC Chapter 4 Exam Questions With Verified Answers On a purchase contract, what must be printed in 14 pt. bold font next to the buyer's signature? - answerSales final List four items that must be in a contract for the sale of a new vehicle. - answer-Salesperson's name and registration number -Date of sale and date of delivery, -Vehicle identification number (VIN), if known, Make, model, model year and trim level of vehicle If a dealer does not have a specific new vehicle in stock, b...

OMVIC Exam Questions With Verified Answers What is the primary legislation governing Ontario's retail Automotive sector? - answerThe Motor Vehicles Act Which body or agency enforces MVDA? - answerOMVIC 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

OMVIC CHAPTER 3 Exam Questions And Answers (Verified And Updated) True or False: Dealers may sell vehicles from any location, so long as they have registered a head office with OMVIC. - answerFalse List two requirements for a dealer's premises. - answerHave a business office large enough to store records securely. Have a clearly visible sign identifying registered name. Be approved for use as a dealership by municipality. The MVDA specifies the records a dealer must maintain. The record...

OMVIC CHAPTER 14 Exam Questions And Answers (Verified And Updated) Motor vehicle repairs are governed by which Ontario legislation? - answerConsumer Protection Act True or False: Dealers/repairers must provide estimates for repairs. - answerTrue True or False: Final repair costs may not exceed the estimate by more than 10 per cent. - answerTrue List five pieces of information that must be on all repair invoices. - answer* The name of the consumer * The name of the repaire

OMVIC CHAPTER 2 Exam Questions And Answers (Verified And Updated) What is the minimum age to become a dealer? - answer18 Three requirements that must be met when applying to become a salesperson: - answer- complete and pass course - pay fee -be employed by a dealer True or False: All dealer and salesperson applicants undergo a canadian-wide criminal record search as part of the application screening process. - answertrue Dealers, Salespersons, Business Mana