NEW MEXICO MANUFACTURED
HOUSING DEALER LICENSE EXAM
2026/2027 | Complete Practice Exam Test
Bank with 200 Questions and Verified
Answers | Manufactured Housing Dealer
License Exam Prep Guaranteed Pass
(GRADED A+)
Question 1
What is the primary purpose of the New Mexico Manufactured
Housing Division (MHD)?
A. To regulate banking institutions
B. To inspect and regulate manufactured housing activities
C. To issue driver's licenses
D. To regulate public utilities
Answer: B. To inspect and regulate manufactured housing
activities
Rationale: The Manufactured Housing Division oversees
inspections, licensing, compliance, and consumer protection
related to manufactured housing in New Mexico.
Question 2
Before engaging in manufactured housing dealer activities in
New Mexico, a person must:
A. Obtain a local business permit only
B. Register with the county clerk
,C. Obtain the appropriate MHD license
D. Purchase inventory
Answer: C. Obtain the appropriate MHD license
Rationale: New Mexico regulations require licensing before
engaging in any regulated manufactured housing activity.
Question 3
A dealer's license allows the holder to:
A. Sell only pre-owned homes
B. Sell only new homes
C. Sell, lease, exchange, and negotiate manufactured home
transactions
D. Conduct appraisals only
Answer: C. Sell, lease, exchange, and negotiate manufactured
home transactions
Rationale: Dealer licenses authorize a wide range of sales and
leasing activities involving manufactured homes.
Question 4
A dealer who operates multiple locations must:
A. Obtain one license for all locations
B. Have a separate license for each location
C. Register only the main office
D. Obtain county approval only
Answer: B. Have a separate license for each location
,Rationale: New Mexico regulations require each dealership
location to have its own license.
Question 5
A dealer must maintain records related to manufactured home
transactions for at least:
A. 1 year
B. 2 years
C. 3 years
D. 5 years
Answer: C. 3 years
Rationale: Transaction records must be available for inspection
for the preceding three years.
Question 6
Each dealership location must have:
A. A licensed salesperson
B. A licensed installer only
C. A broker only
D. A manufacturer representative
Answer: A. A licensed salesperson
Rationale: Regulations require at least one licensed salesperson
per dealership location.
Question 7
The qualifying party for a dealership is responsible for:
, A. Managing compliance with licensing requirements
B. Inspecting foundations
C. Approving mortgages
D. Issuing permits
Answer: A. Managing compliance with licensing requirements
Rationale: The qualifying party serves as the responsible
individual for regulatory compliance.
Question 8
A dealer must maintain a business location that is:
A. Virtual only
B. Physically established and available for inspections
C. Shared with another state agency
D. Located outside New Mexico
Answer: B. Physically established and available for
inspections
Rationale: Dealers are required to maintain an actual business
location where records can be inspected.
Question 9
The licensing fee for a New Mexico dealer license is:
A. $50
B. $100
C. $150
D. $200
Answer: D. $200
HOUSING DEALER LICENSE EXAM
2026/2027 | Complete Practice Exam Test
Bank with 200 Questions and Verified
Answers | Manufactured Housing Dealer
License Exam Prep Guaranteed Pass
(GRADED A+)
Question 1
What is the primary purpose of the New Mexico Manufactured
Housing Division (MHD)?
A. To regulate banking institutions
B. To inspect and regulate manufactured housing activities
C. To issue driver's licenses
D. To regulate public utilities
Answer: B. To inspect and regulate manufactured housing
activities
Rationale: The Manufactured Housing Division oversees
inspections, licensing, compliance, and consumer protection
related to manufactured housing in New Mexico.
Question 2
Before engaging in manufactured housing dealer activities in
New Mexico, a person must:
A. Obtain a local business permit only
B. Register with the county clerk
,C. Obtain the appropriate MHD license
D. Purchase inventory
Answer: C. Obtain the appropriate MHD license
Rationale: New Mexico regulations require licensing before
engaging in any regulated manufactured housing activity.
Question 3
A dealer's license allows the holder to:
A. Sell only pre-owned homes
B. Sell only new homes
C. Sell, lease, exchange, and negotiate manufactured home
transactions
D. Conduct appraisals only
Answer: C. Sell, lease, exchange, and negotiate manufactured
home transactions
Rationale: Dealer licenses authorize a wide range of sales and
leasing activities involving manufactured homes.
Question 4
A dealer who operates multiple locations must:
A. Obtain one license for all locations
B. Have a separate license for each location
C. Register only the main office
D. Obtain county approval only
Answer: B. Have a separate license for each location
,Rationale: New Mexico regulations require each dealership
location to have its own license.
Question 5
A dealer must maintain records related to manufactured home
transactions for at least:
A. 1 year
B. 2 years
C. 3 years
D. 5 years
Answer: C. 3 years
Rationale: Transaction records must be available for inspection
for the preceding three years.
Question 6
Each dealership location must have:
A. A licensed salesperson
B. A licensed installer only
C. A broker only
D. A manufacturer representative
Answer: A. A licensed salesperson
Rationale: Regulations require at least one licensed salesperson
per dealership location.
Question 7
The qualifying party for a dealership is responsible for:
, A. Managing compliance with licensing requirements
B. Inspecting foundations
C. Approving mortgages
D. Issuing permits
Answer: A. Managing compliance with licensing requirements
Rationale: The qualifying party serves as the responsible
individual for regulatory compliance.
Question 8
A dealer must maintain a business location that is:
A. Virtual only
B. Physically established and available for inspections
C. Shared with another state agency
D. Located outside New Mexico
Answer: B. Physically established and available for
inspections
Rationale: Dealers are required to maintain an actual business
location where records can be inspected.
Question 9
The licensing fee for a New Mexico dealer license is:
A. $50
B. $100
C. $150
D. $200
Answer: D. $200
