OMVIC Dealer Operations and Business Practices Flashcards

Under OMVIC regulations, what information must appear on a dealer's website or online listings?

Answer: The dealer's OMVIC registration number

Dealers must include their OMVIC registration number in all advertising, including online listings and websites.

What happens to a dealer's registration if they fail to renew it on time?

Answer: It expires and the dealer must cease operations

An expired registration means the dealer is no longer authorised to operate and must stop selling vehicles until registration is renewed.

Which government body oversees OMVIC and the administration of the MVDA in Ontario?

Answer: Ministry of Public and Business Service Delivery

OMVIC operates under a delegation agreement with Ontario's Ministry of Public and Business Service Delivery to administer the MVDA.

A dealer's registration can be revoked by OMVIC for which of the following?

Answer: Failing to meet ongoing fit and proper requirements

OMVIC can revoke or refuse to renew a registration if a registrant no longer meets the fit and proper standards required by the MVDA.

Before selling a used vehicle, a dealer is obligated to disclose which of the following?

Answer: Whether the vehicle was previously used as a rental, taxi, or police vehicle

The MVDA requires dealers to disclose if a used vehicle was previously used as a daily rental, police vehicle, or taxi.

What must a dealer do if an OMVIC inspector arrives for an audit?

Answer: Allow the inspector access to records and premises

Registered dealers are legally required to cooperate with OMVIC inspectors and provide access to their records and business premises.