OMVIC Licensing Requirements 4

Question 1

Under OMVIC regulations, what must a registered salesperson do if they leave their current employer to work for a different dealership?

Accepted Answer

Notify OMVIC and transfer their registration to the new dealer

Answer

Continue working under their existing registration until it expires

Answer

Apply for a completely new salesperson registration

Answer

Wait 30 days before starting work at the new dealership

Question 2

Which of the following individuals is EXEMPT from requiring an OMVIC registration to sell motor vehicles?

Accepted Answer

A private individual selling their own personal vehicle

Answer

A finance manager at a franchised dealership

Answer

An internet sales coordinator employed by a dealer

Answer

A leasing consultant working at an independent lot

Question 3

What is the maximum number of vehicles a business can sell in Ontario per year before being required to register as a motor vehicle dealer with OMVIC?

Accepted Answer

4

Answer

2

Answer

6

Answer

10

Question 4

An applicant for an OMVIC dealer registration has a prior criminal conviction. How does OMVIC handle this situation?

Accepted Answer

Review the nature, severity, and relevance of the offence before deciding

Answer

Automatically deny the application regardless of the offence

Answer

Grant the registration if more than 5 years have passed since the conviction

Answer

Require a court order to consider the application

Question 5

Under the MVDA, which class of dealer registration allows a business to sell ONLY motorcycles and not other motor vehicles?

Accepted Answer

Motorcycle dealer

Answer

General dealer

Answer

Broker

Answer

Wholesale dealer

Question 6

A salesperson's OMVIC registration is currently under suspension. What is the legal consequence if they continue to sell vehicles during the suspension period?

Accepted Answer

They may face fines and/or prosecution under the MVDA

Answer

They must pay a reinstatement fee only

Answer

Their employer dealer assumes full liability with no consequences for the salesperson

Answer

They can appeal to avoid any penalty if sales were necessary

Question 7

How long does a new OMVIC salesperson registration remain valid before renewal is required?

Accepted Answer

1 year

Answer

2 years

Answer

3 years

Answer

5 years