QUESTIONS AND CORRECT DETAILED ANSWERS LATEST
UPDATE THIS YEAR - JUST RELEASED
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Term 1 of 115
It is unlawful for a dealer to sell, offer to sell, rent, or lease within this
state any manufactured/ mobile home, or commercial coach that:
A. is not located in CA at time of sale
B. is not licensed by HUD
C. is not licensed by the Department of Housing and Community
Development
D. is not licensed by DMV
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B. with an escrow company in which
B. in which the dealer has more than
the dealer has more than a 5%
5% ownership interest
ownership interest
, C. If it has never been sold to a retail C. is not licensed by the
purchaser or registered Department of Housing and
Community Development
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Term 2 of 115
Every dealer shall notify the department:
A. within 10 days of the employment or termination of a salesperson
B. of changes to specific advertising
C. when a warranty complaint is received
D. all the above are correct
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A. within 10 days of the
C. If it has never been sold to a retail
employment or termination of a
purchaser or registered
salesperson
A. when authorized by the
manufacturer, correct the problem and B. with real estate brokers and other
keep complete records of the actions dealers for units that are titled
taken
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Term 3 of 115
Part of the information required to be submitted into escrow is:
A. a description of and the cash value of each accessory and its
,installation included in the purchase
B. the total cash value of all accessories whether or not included in the
sale
C. specific amounts to be disbursed prior to close of escrow
D. the cash value of all accessories included but not their installations
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D. shall be represented to any buyer B. Approved by the Department of
that such features, items, or materials Housing and Community Development
are no longer available prior to such alterations
A. a description of and the cash
A. employing unlicensed, non-
value of each accessory and its
certificated salespersons, or those
installation included in the
without temporary permits
purchase
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Term 4 of 115
Advertisements for units using the phrase "no finance charges" are:
A. prohibited by the Reese-Levering Financial Act
B. permitted by the Reese-Levering Financial Act providing there are no
charges for the payments on a time payment basis
C. permitted if there are no fees/ charges to any purchaser for payments
on a time payment basis
D. permitted if the requirements of the manufactured/mobile home
financial code are satisfied in the advertisement's language
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, C. permitted if there are no fees/ C. is in violation of the law and the
charges to any purchaser for department may take administrative
payments on a time payment action to obtain a revocation or
basis suspension of the salesperson's license
C. the agent receives a release
B. with real estate brokers and other
assignment from the disputing party or
dealers for units that are titled
an assignment by Court of Law
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Term 5 of 115
Every person of a corporation who will participate in the direction or
management of manufactured/ mobile home sales:
A. need not be licensed if in the employment of a licensed dealer
B. need not be licensed if under the supervision of a licensed dealer
C. must have applied to the department and successfully completed an
examination for the dealer's license
D. need not be licensed if that person is only a limited partner
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C. a violation of law and a cause for
D. Is guilty of a misdemeanor
revocation or suspension of the license
C. must have applied to the
department and successfully
A. CA Civil Code
completed an examination for
the dealer's license