What is a requirement for a dealer to maintain their registration with OMVIC?

To maintain their registration with OMVIC, it is essential for dealers to adhere to the code of ethics. This code establishes a set of standards that ensure fair practices, integrity, and professionalism in the automotive sales industry. Compliance with these ethical guidelines is crucial because it fosters trust between dealers and consumers, promotes transparency in transactions, and helps protect the interests of buyers in the marketplace.

Following the code of ethics also assists in upholding the reputation of the dealership and the industry as a whole. Failing to comply with these standards could result in disciplinary actions, including suspension or revocation of a dealer's registration, thereby emphasizing the importance of ethical conduct in maintaining good standing with OMVIC.

Community service, the number of salespeople employed, or the ownership of a physical storefront, while potentially beneficial or relevant to the operation of a dealership, are not specific requirements for maintaining registration with OMVIC. The focus of the registration maintenance is on ethical practices, reinforcing the integrity of the dealer's business and protecting the rights of consumers.