Housing Dealer License
Examination ACTUAL
EXAM 2026 | Practice Test |
150 Questions | Correct
Answers and Rationales |
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, All of the following are required to be given to the customer at close except:
a. Copy of purchase agreement
b. Sales contract
c. Credit Report
d. All of the above - correct answers--C. Credit report, due to company/national credit
safety protection we are not allowed to offer any credit information at any time.
All conditions of a sales contract signed by a dealer or broker and homeowner must be
completed within how many days from the date of delivery, unless otherwise signed and
agreed to by both parties? - correct answers--45 Days
A sales person is entitled to be:
a. licensed individually
b. not employed for more than one dealer or broker at the same time
c. not acting as a sales person while license is in suspension
d. all of the above - correct answers--D. All of the above
An elderly couple buys a home and the wife have a severe stroke. The home is done
and installed onto a permanent foundation. The couple decides that the best thing for
them is to live in an apartment for 18 months, which is suggested by their doctor. They
want their original sales person to handle the home sale and the salesperson decides to
mark the home as new... why is this wrong? - correct answers--It has a permanent
foundation