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Who can OMVIC refuse, revoke, or suspend registration if the financial responsibility of an "interested person" raises concerns?

  1. Dealer

  2. Salesperson

  3. Both dealer and salesperson

  4. None of the above

The correct answer is: Both dealer and salesperson

OMVIC, the regulator of motor vehicle dealerships in Ontario, can refuse, revoke, or suspend registration for both a dealer and salesperson if the financial responsibility of an "interested person" raises concerns. This means that both a dealer and a salesperson can be held accountable for the actions of an "interested person" who may have a history of financial misconduct. Option A is incorrect because while a dealer can have their registration refused, revoked, or suspended, this question specifically mentions "interested person" so it is not limited to just dealers. Option B is incorrect for the same reason as option A, but applies to salespersons. Option D is also incorrect because as mentioned before, both dealers and salespersons can be held accountable in this situation. Remember, it is important for both dealers and salespersons to be aware of the actions of those they are associated with to avoid any issues with OMVIC.