Manufactured Housing
Actual Exam
Questions With Reviewed 100%
Correct Detailed Answers
Guaranteed Pass!!
1. What is the course code for the pre-licensing course? - ANSWER FTRS
112.
2. What are the limitations on 'for sale' signs in a park? - ANSWER No
limitations on signs smaller than 216 square inches with only the words 'For
Sale' and contact information.
3. What is the process for selling a mobile home in a park? - ANSWER
Send notice to park owner, pre-sale inspection, list of repairs, valid for 90
days.
4. What repairs can the park owner require before approving an on-site sale?
- ANSWER Exterior features, unauthorized structures or fixtures.
5. Can park owners receive commission on a sale? - ANSWER Only with a
written contract as the sales agent.
,6. Can park owners charge a fee for signing the manufactured housing deed? -
ANSWER Yes, a $35 fee can be charged.
7. Who sets the price for a home in a manufactured home park? - ANSWER
Each seller has the freedom to set the price.
8. Are there standardized prices for homes in a park? - ANSWER No, there
are no standardized prices.
9. Is there a state transfer tax for re-sale of manufactured homes? - ANSWER
Yes, there is a state transfer tax.
10.What can park owners impose limitations on regarding 'for sale' signs? -
ANSWER Size and quality of the signs.
11.What information must be included on a 'for sale' sign? - ANSWER
Name, address, and telephone number of the seller or their agent.
12.What is the purpose of a pre-sale inspection? - ANSWER To assess the
condition of the mobile home before a sale.
13.When must the park owner provide a list of repairs after receiving the
intent to sell letter? - ANSWER Within 14 days.
14.What can the park owner require repair or maintenance of? - ANSWER
Deteriorating or defective exterior features of the home.
, 15.What can the park owner require removal of? - ANSWER Unauthorized
structures or fixtures added by the seller.
16.How long is the response to the intent to sell letter valid? - ANSWER 90
days.
17.What can the park owner do if a sale is not completed within 90 days? -
ANSWER Add to the list of repairs if needed.
18.What is the purpose of a written contract for park owners to receive
commission? - ANSWER To act as the sales agent.
19.What is the purpose of the $35 fee charged by park owners? - ANSWER
For signing the manufactured housing deed.
20.What is the state transfer tax applicable to? - ANSWER Re-sale of
manufactured homes.
21.What must be provided to a tenant before signing a rental agreement? -
ANSWER Written copy of park rules, terms and conditions, charges
22.What is the maximum amount for a non-refundable application processing
fee? - ANSWER $125
Actual Exam
Questions With Reviewed 100%
Correct Detailed Answers
Guaranteed Pass!!
1. What is the course code for the pre-licensing course? - ANSWER FTRS
112.
2. What are the limitations on 'for sale' signs in a park? - ANSWER No
limitations on signs smaller than 216 square inches with only the words 'For
Sale' and contact information.
3. What is the process for selling a mobile home in a park? - ANSWER
Send notice to park owner, pre-sale inspection, list of repairs, valid for 90
days.
4. What repairs can the park owner require before approving an on-site sale?
- ANSWER Exterior features, unauthorized structures or fixtures.
5. Can park owners receive commission on a sale? - ANSWER Only with a
written contract as the sales agent.
,6. Can park owners charge a fee for signing the manufactured housing deed? -
ANSWER Yes, a $35 fee can be charged.
7. Who sets the price for a home in a manufactured home park? - ANSWER
Each seller has the freedom to set the price.
8. Are there standardized prices for homes in a park? - ANSWER No, there
are no standardized prices.
9. Is there a state transfer tax for re-sale of manufactured homes? - ANSWER
Yes, there is a state transfer tax.
10.What can park owners impose limitations on regarding 'for sale' signs? -
ANSWER Size and quality of the signs.
11.What information must be included on a 'for sale' sign? - ANSWER
Name, address, and telephone number of the seller or their agent.
12.What is the purpose of a pre-sale inspection? - ANSWER To assess the
condition of the mobile home before a sale.
13.When must the park owner provide a list of repairs after receiving the
intent to sell letter? - ANSWER Within 14 days.
14.What can the park owner require repair or maintenance of? - ANSWER
Deteriorating or defective exterior features of the home.
, 15.What can the park owner require removal of? - ANSWER Unauthorized
structures or fixtures added by the seller.
16.How long is the response to the intent to sell letter valid? - ANSWER 90
days.
17.What can the park owner do if a sale is not completed within 90 days? -
ANSWER Add to the list of repairs if needed.
18.What is the purpose of a written contract for park owners to receive
commission? - ANSWER To act as the sales agent.
19.What is the purpose of the $35 fee charged by park owners? - ANSWER
For signing the manufactured housing deed.
20.What is the state transfer tax applicable to? - ANSWER Re-sale of
manufactured homes.
21.What must be provided to a tenant before signing a rental agreement? -
ANSWER Written copy of park rules, terms and conditions, charges
22.What is the maximum amount for a non-refundable application processing
fee? - ANSWER $125
