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MANUFACTURED HOUSING LATEST EXAMS ACTUAL QUESTIONS AND ANSWERS SURE

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MANUFACTURED HOUSING LATEST EXAMS ACTUAL QUESTIONS AND ANSWERS SURE

Institution
MANUFACTURED HOUSING
Course
MANUFACTURED HOUSING

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MANUFACTURED HOUSING LATEST EXAMS
ACTUAL QUESTIONS AND ANSWERS SURE A+
✔✔A dealer may obtain listings to some manufactured/ mobile homes and enter into
multiple listings with other dealers:

A. except for units installed on permanent foundations
B. but must include in any listing agreement a date when the listing is to terminate
C. except for units not titled and still in inventory
D. all the above are correct - ✔✔D. all the above are correct

✔✔It is unlawful for any person to act as a salesperson without first having procured a
license, temporary permit, or certificate issued by the department or:

A. when the license, temporary permit, or certificate has expired
B. when the license, temporary permit, or certificate has been cancelled
C. when the license, temporary permit, or certificate has been suspended or revoked
D. all the above are true and correct - ✔✔D. all the above are true and correct

✔✔Every manufactured/ mobile home sold for the first time after July 1, 1980 must be
placed on the country tax rolls and taxed the same as real property. If the unit was first
sold prior to July 1, 1980 it is:

,A. taxed and licensed annually
B. taxed and licensed annually unless converted to property taxes as any other county
property
C. converted to property tax at the time of resale
D. taxed and licensed annually when placed on a permanent foundation - ✔✔B. taxed
and licensed annually unless converted to property taxes as any other county property

✔✔A dealer is required to employ only those salespersons who have a valid license or
90 day certificate and must:

A. require each salesperson to maintain the license or certificate on their person while
performing as a salesperson
B. maintain the license or certificate on file at the dealer's established place of business
while that person is employed as a salesperson
C. be certain that all salespersons renew their license or certificate as required
D. display the license or certificate for each salesperson in a place conspicuous to the
public - ✔✔D. display the license or certificate for each salesperson in a place
conspicuous to the public

✔✔Within 10 days after the close of escrow, the dealer must submit a new or used
report of the sale to:

A. the Department of Housing and Community Development
B. the purchaser of the manufactured/ mobile home
C. the assessor of the county where the unit is sited
D. all the above - ✔✔D. all the above

✔✔Manufactured/ mobile homes subject to property taxes and not on a permanent
foundation must be:

A. registered annually with the Department of Housing and Community Development
B. registered with HCD on sale or transfer only
C. registered annually with DMV
D. registered with the county where it is sited - ✔✔B. registered with HCD on sale or
transfer only

✔✔Dealers may display manufactured/ mobile homes at fairs, expositions, or similar
exhibits provided:

A. the dealer license is current, the display does not exceed 30 days and each
displayed unit has a sign identifying the dealer and his established place of business
B. the event does not exceed 60 days
C. at least five other dealers are allowed to display also and that each unit bears a sign
identifying the dealer and his place of business

, D. no actual sales take place at the event even though no branch license is required -
✔✔A. the dealer license is current, the display does not exceed 30 days and each
displayed unit has a sign identifying the dealer and his established place of business

✔✔The mobile home recovery fund has been created to eliminate the need for posting
$5,000 bonds by licensed dealers. It is maintained by:

A. by receipt of a one time fee of $250 for every dealer's license issued or renewed after
January 1, 1985
B. by receipt of a one time fee of $25 for every salesperson's license issued or renewed
after January 1, 1985
C. the payment of a fee not to exceed $10 for every sale of a manufactured/ mobile
home reported to the department, prior to issuance of a new registration
D. all the above - ✔✔D. all the above

✔✔The department may refuse to issue a dealer's license to an applicant who:

A. all of the following are correct
B. was the previous holder of a license that was suspended and not reissued and the
terms of the suspension haven't been fulfilled
C. was the previous partner or officer of a dealership whose license was suspended and
not reissued and the terms of suspension haven to been fulfilled
D. has been convicted of a crime involving moral terpitude - ✔✔A. all of the following
are correct

✔✔The department may refuse to issue a dealer's license to an applicant if:

A. the applicant has been a licensed salesperson for the last 2 years
B. the applicant was the previous limited partner in a dealership whose license was
suspended and the terms of suspension have not been fulfilled
C. the applicant was employed by a dealer whose license was suspended and not
reissued
D. the applicant has never been convicted of a serious crime - ✔✔B. the applicant was
the previous limited partner in a dealership whose license was suspended and the
terms of suspension have not been fulfilled

✔✔The department may refuse to issue a dealer's license for which the following:

A. if the information in the application is incorrect
B. if the applicant has an outstanding final judgement in connection with the sale of any
manufactured/ mobile home
C. if the investigation of the applicant reveals substantial irregularities
D. all the above are correct - ✔✔D. all the above are correct

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Institution
MANUFACTURED HOUSING
Course
MANUFACTURED HOUSING

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