True or False: Dealers are required to remit a fee for each vehicle sold or leased to OMVIC.

Dealers are indeed required to remit a fee for each vehicle sold or leased to the Ontario Motor Vehicle Industry Council (OMVIC). This requirement is part of the regulations that govern motor vehicle sales in Ontario. The fee helps fund OMVIC's operations, which include consumer protection, dealer licensing, and regulatory compliance, ensuring a fair marketplace for both consumers and dealers. By remitting a fee for each transaction, dealers contribute to the oversight and enforcement of industry standards, which ultimately benefits all parties involved in vehicle transactions.

The incorrect choices convey misunderstandings about the fee structure, such as suggesting that fees apply only to specific scenarios like leased vehicles or fleet transactions, while not recognizing that it applies to all vehicle sales and leases. Therefore, the correct answer reflects the comprehensive nature of this fee requirement.