OMVIC - Chapter 2 Exam Test 1 with complete updated solutions (2023-2024)

true or false: a salesperson must produce his or her registration certificate for inspection if a
customer asks to see it - answerstrue
in your own words describe both classes of general dealers - answers(new and used subclass):
business traded new and used. dealer needs to be a TADA member or be able to provide a sales and
service agreement to be assigned to this class.
(used subclass): business that trades only used. generally any dealer that doesn't deal used and
doesn't fit into other classes
describe three other classes other than general dealers - answersexporter: acts only to buy vehicles
for export outside Ontario
broker: business facilitates the trade of a vehicle on behalf of the non-dealer, dealer does not own
but takes possession of vehicles and receives payment
Should OMVIC issue a proposal to refuse (or revoke) registration, to whom can the applicant appeal?
- answersLAT: License Appeal Tribuna