OMVIC OMVIC MVDA and Legislation 4

Question 1

Which of the following best describes the concept of 'material facts' under the MVDA?

Accepted Answer

Information that would reasonably affect a buyer's decision to purchase or the price they would pay

Answer

Material facts are any facts that a reasonable person would consider important in deciding whether to buy a vehicle or what price to pay, and dealers must disclose them.

Question 2

Under the MVDA, a salesperson who leaves one dealership to work at another must do which of the following?

Accepted Answer

Transfer their registration to the new employer through OMVIC before beginning work

Answer

A salesperson's registration is tied to a specific employer, so they must transfer their registration to the new dealership through OMVIC before they can legally sell there.

Question 3

When advertising a vehicle's price, OMVIC regulations require that the advertised price must:

Accepted Answer

Be the total all-in price including all fees except government taxes

Answer

Ontario's all-in pricing rule requires dealers to advertise the total price including all fees the dealer charges, with only government taxes (HST/licensing) excluded.

Question 4

Which body is responsible for hearing appeals of OMVIC registration decisions under the MVDA?

Accepted Answer

The Licence Appeal Tribunal (LAT)

Answer

Appeals of OMVIC decisions regarding registration refusal, revocation, or suspension are heard by the Licence Appeal Tribunal (LAT).

Question 5

A dealer discovers after a sale is completed that a vehicle they sold had an undisclosed lien. Under the MVDA, the dealer's obligation is to:

Accepted Answer

Ensure the lien is discharged so the buyer receives clear title

Answer

Dealers must ensure buyers receive clear title; if an undisclosed lien exists, the dealer is responsible for discharging it.

OMVIC (Ontario Motor Vehicle Industry Council) Practice Test

OMVIC (Ontario Motor Vehicle Industry Council) Practice Test

OMVIC OMVIC MVDA and Legislation 4