Ch.1 - What is the primary legislation governing Ontario's retail automotive sector? - correct answer The Motor Vehicle Dealers Act, 2002
see
... [Show More] 1.04
Ch.1 - Which body or agency enforces the MVDA?
a. Ministry of Government and Consumer Services
b. TADA
c. OMVIC
d. Automotive Business School of Canada - correct answer c. OMVIC
see 1.04
Ch.1 - List three functions carried out by OMVIC. - correct answer Any three of the following:
- Administers and enforces the MVDA
- Inspects dealers
- Maintains a complaint line for consumers
- Conducts investigations
- Conducts disciplinary hearings
-Conducts prosecutions
- Administers the Compensation Fund
see 1.07
Ch.1 - How many people compose OMVIC's Board of Directors? Of these, how many represent the industry and how many represent the consumers? - correct answer Twelve total, nine dealers and three consumer reps
see 1.07
Ch.1 - Briefly explain the "Transaction Fee Program." - correct 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.
see 1.08
Ch.1 - True of False: Under the Transaction Fee Program, dealers are required to remit $10 (to OMVIC) for each retail vehicle sold or leased. - correct answer True
see 1.08
Ch.1 - True or False: The transaction fee can be passed along to the customer. - correct answer True
see 1.08
Ch.1 - 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 a salesperson
d. All of the above - correct answer d. All of the above
see 1.12
Ch.1 - Should OMVIC determine a dealer's advertising to be false or misleading, what powers does OMVIC have to stop or correct it? - correct answer OMVIC may issue an order requiring the dealer to cease publication and/or issue a retractions or correction.
see 1.12
Ch.1 - 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? - correct answer Up to two years
see 1.09
Ch.1 - 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. - correct answer This action might be taken:
- 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
see 1.10
Ch.2 - What is the minimum age requirement to become a dealer? - correct answer 18
see 2.05
Ch.2 - List three requirements that must be met when applying to become a salesperson. - correct answer Three requirements are:
- Complete/pass certification course
- Pay fee
- Be employed or retained by a registered dealer to act as a salesperson [Show Less]