SC Manufactured Housing Salesperson Test
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Week 3 SmartBook (Chapters 6-7) Chapter 5 Practice Quiz - SUPERIO... Michigan Real Estate Salesperson E... Chapte
118 terms 13 terms 64 terms 5 terms
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Person working when license is required is subject to $500 for each violation.
what penalty?
When do you pay surety bonds? You never pay the full amount of $15,000 (salesperson) or $30,000 (retail dealer).
You pay a renewal fee of $100 (for both dealer and salesperson) on the even
numbered year on June 30th.
What do you do when your license has been expired 6 Apply for a new license.
months or more?
Reasons the board would suspend or revoke license? -Failure to comply with warranty requirements.
-Employing unlicensed contractors or installers.
-Conviction of a felony in the past 7 years.
How many employees require workers compensation? 4 or more.
If there is a 2001 manufactured home on the lot that has No, it would technically be sold as brand new due to never having a title. BUT, if it
never been titled, is it sold as "used"? were to be transferred from one dealer to another, it would be treated as "used".
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Students also studied
Flashcard sets Study guides
Week 3 SmartBook (Chapters 6-7) Chapter 5 Practice Quiz - SUPERIO... Michigan Real Estate Salesperson E... Chapte
118 terms 13 terms 64 terms 5 terms
vsk8990 Preview sarenaalysea Preview franklul Preview hnu
Terms in this set (24) Hide definitions
Person working when license is required is subject to $500 for each violation.
what penalty?
When do you pay surety bonds? You never pay the full amount of $15,000 (salesperson) or $30,000 (retail dealer).
You pay a renewal fee of $100 (for both dealer and salesperson) on the even
numbered year on June 30th.
What do you do when your license has been expired 6 Apply for a new license.
months or more?
Reasons the board would suspend or revoke license? -Failure to comply with warranty requirements.
-Employing unlicensed contractors or installers.
-Conviction of a felony in the past 7 years.
How many employees require workers compensation? 4 or more.
If there is a 2001 manufactured home on the lot that has No, it would technically be sold as brand new due to never having a title. BUT, if it
never been titled, is it sold as "used"? were to be transferred from one dealer to another, it would be treated as "used".
