NEW MEXICO MANUFACTURED HOUSING DEALER
LICENSE EXAM QUESTIONS AND CORRECT
ANSWERS (VERIFIED ANSWERS) Q&A 2026 |INSTANT
DOWNLOAD PDF
1. Which federal agency primarily regulates manufactured
housing construction standards?
A. EPA
B. HUD
C. OSHA
D. FHA
Rationale: HUD establishes national manufactured home
construction and safety standards.
Correct Answer: B
2. A manufactured home is defined as a structure built
primarily before which date must meet HUD standards?
A. June 15, 1976
B. July 1, 1976
C. January 1, 1980
D. December 31, 1975
Rationale: HUD code applies to homes built after June 15, 1976.
Correct Answer: A
3. What is required for a dealer to legally sell manufactured
homes in New Mexico?
A. Contractor license only
,B. Real estate broker license
C. Manufactured housing dealer license
D. Insurance license
Rationale: A specific dealer license is required by state law.
Correct Answer: C
4. A dealer must maintain what type of record for each sale?
A. Verbal agreement only
B. Sales contract documentation
C. Email confirmation
D. None required
Rationale: Written sales contracts must be retained.
Correct Answer: B
5. Which entity enforces manufactured housing installation
standards in New Mexico?
A. Local police
B. State manufactured housing division
C. IRS
D. Federal Reserve
Rationale: State housing authority regulates installation.
Correct Answer: B
6. What is a “manufactured home park”?
A. Retail store for homes
B. Area for RV storage only
C. Land designed for placement of manufactured homes
D. Construction site
, Rationale: Defined as land for placement and occupancy.
Correct Answer: C
7. A dealer must disclose which of the following to buyers?
A. Weather forecast
B. Full condition and pricing terms
C. Neighbor information
D. Personal dealer income
Rationale: Disclosure laws require transparency in sales terms.
Correct Answer: B
8. What is the minimum requirement for dealer bond
coverage?
A. None required
B. State-determined surety bond
C. Personal savings account
D. Insurance waiver
Rationale: Dealers must maintain a surety bond for consumer
protection.
Correct Answer: B
9. HUD code primarily ensures:
A. Tax compliance
B. Structural safety and quality standards
C. Land ownership
D. Mortgage approval
Rationale: It regulates construction safety standards.
Correct Answer: B
LICENSE EXAM QUESTIONS AND CORRECT
ANSWERS (VERIFIED ANSWERS) Q&A 2026 |INSTANT
DOWNLOAD PDF
1. Which federal agency primarily regulates manufactured
housing construction standards?
A. EPA
B. HUD
C. OSHA
D. FHA
Rationale: HUD establishes national manufactured home
construction and safety standards.
Correct Answer: B
2. A manufactured home is defined as a structure built
primarily before which date must meet HUD standards?
A. June 15, 1976
B. July 1, 1976
C. January 1, 1980
D. December 31, 1975
Rationale: HUD code applies to homes built after June 15, 1976.
Correct Answer: A
3. What is required for a dealer to legally sell manufactured
homes in New Mexico?
A. Contractor license only
,B. Real estate broker license
C. Manufactured housing dealer license
D. Insurance license
Rationale: A specific dealer license is required by state law.
Correct Answer: C
4. A dealer must maintain what type of record for each sale?
A. Verbal agreement only
B. Sales contract documentation
C. Email confirmation
D. None required
Rationale: Written sales contracts must be retained.
Correct Answer: B
5. Which entity enforces manufactured housing installation
standards in New Mexico?
A. Local police
B. State manufactured housing division
C. IRS
D. Federal Reserve
Rationale: State housing authority regulates installation.
Correct Answer: B
6. What is a “manufactured home park”?
A. Retail store for homes
B. Area for RV storage only
C. Land designed for placement of manufactured homes
D. Construction site
, Rationale: Defined as land for placement and occupancy.
Correct Answer: C
7. A dealer must disclose which of the following to buyers?
A. Weather forecast
B. Full condition and pricing terms
C. Neighbor information
D. Personal dealer income
Rationale: Disclosure laws require transparency in sales terms.
Correct Answer: B
8. What is the minimum requirement for dealer bond
coverage?
A. None required
B. State-determined surety bond
C. Personal savings account
D. Insurance waiver
Rationale: Dealers must maintain a surety bond for consumer
protection.
Correct Answer: B
9. HUD code primarily ensures:
A. Tax compliance
B. Structural safety and quality standards
C. Land ownership
D. Mortgage approval
Rationale: It regulates construction safety standards.
Correct Answer: B
