3 If a salesperson has been refused registration but their situation has changed materially, they can reapply: Nk5HZ0drRVpzCTRVVmozR2hVL1Zvdz09 > After 2 years have passed since the refusal. Within 2 years of refusal. Immediately. After 3 months have passed since the refusal. a. O b. O c. O d. O
3 If a salesperson has been refused registration but their situation has changed materially, they can reapply: Nk5HZ0drRVpzCTRVVmozR2hVL1Zvdz09 > After 2 years have passed since the refusal. Within 2 years of refusal. Immediately. After 3 months have passed since the refusal. a. O b. O c. O d. O
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Pls help ASAP on both
Transcribed Image Text:3 If a salesperson has been refused registration but their situation has changed materially, they can reapply:
Nk5HZ0drRVpzcTRVVmozR2hVL1Zvdz09 →
After 2 years have passed since the refusal.
Within 2 years of refusal.
a. O
b. O
c. O
d. O
Immediately.
After 3 months have passed since the refusal.
Transcribed Image Text:4 If the Compensation Fund makes a payment for a claim against a dealership:
Nk5HZ0drRVpzCTRVVmozR2hVL1Zvdz09
The salesperson who signed the deal must reimburse the Fund.
a. O
b. O The dealership must reimburse the Fund.
c. O
d. O
Like an insurance policy, the dealership does not reimburse the Fund.
The Fund will be reimbursed by annual payments.
Expert Solution
Step 1: 3) Define OMVIC regulations
Note: As per bartleby guidelines in case multiple questions are asked by the students then the expert is required to answer only first question. Please repost other questions again.
The Ontario Motor Vehicle Industry Council (OMVIC) is a regulatory agency in Ontario, Canada, that oversees and regulates the motor vehicle sector. The OMVIC regulations are a set of rules and standards that govern the conduct and practices of Ontario's motor vehicle dealers and salespeople. These rules are intended to safeguard consumers while also ensuring fair and ethical business practices in the automotive industry.
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