OMVIC Practice Test

Question: 1 / 400

Which party is responsible for remitting the Transaction Fee to OMVIC?

Registered salespeople

Registered dealers

Registered dealers are responsible for remitting the Transaction Fee to OMVIC, not registered salespeople or customers. This fee is a cost of doing business for dealers and covers the cost of licensing, registrations, consumer protection and enforcement of regulations. Registered salespeople are only responsible for remitting their own registration fees to OMVIC. Customers are not responsible for remitting any fees to OMVIC.

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Both dealers and salespeople

Customers

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