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Manufactured Housing Test Questions and Correct Answers Verified 100% Correct

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Manufactured Housing Test Questions and Correct Answers Verified 100% Correct If a dealer alters a manufactured/mobile home which takes it out of compliance with the federal standards and then sell it, the dealer: A. Has violated the federal regulations B. May be fined $1000.00 for each violation C. Is liable to the federal government for Civil Penalties D. Is subject to all the above - ANSWER -D. Is subject to all the above Alterations to the structural, mechanical, plumbing, or electrical systems of a manufactured/mobile home bearing a HUD label must first be approved by: A. HCD B. The manufacturer C. Both B and D D. HUD - ANSWER -A. HCD New manufactured/mobile homes may be altered by dealers: A. In order to comply with local ordinances or regulations which are more stringent than the state's requirements B. If approved by the city or county having jurisdiction C. If approved by the purchaser D. If approved by HCD first - ANSWER -D. If approved by HCD first The manufacturer is required to affix a label to each manufactured/mobile home which includes: A. The make, model, serial number, name location of dealer where it is being delivered and the suggested retail price B. The design speeds, limitations, and other information pertinent to the unit's transportation C. The estimated energy requirements needed to heat or cool the unit D. All the above - ANSWER -A. The make, model, serial number, name location of dealer where it is being delivered and the suggested retail price Removal of the manufacturer's label, as required, is prohibited, except by: A. The dealer B. The retail purchaser C. The installer D. The inspecting authority - ANSWER -B. The retail purchaser Which of the following are required to be deposited by the dealer into an escrow account which are received toward the purchase of a manufactured/mobile home? A. Cash, checks, money orders, bank drafts B. Promissory notes, bills of sale or certificates of ownership C. Assignments of proceeds, contracts, rights or other negotiable interest D. All the above - ANSWER -D. All the above An escrow account shall be opened when the contract of sale, purchase order, or other document evidencing the sale of a manufactured/mobile home is signed by: A. dealers, upon receipt of cash only toward the purchase of new or used units B. dealers of new or used units upon mutual endorsement of purchase documents, receipts for deposit for any cash or cash equivalent received at any time prior to close of escrow C. resale dealers, upon the receipt of cash for the purchase of a resale unit D. new dealer upon receipt of cash for the purchase of a new unit prior to delivery - ANSWER -B. Dealers of new or used units upon mutual endorsement of purchase documents, receipts for deposit for any cash or cash equivalent received at any time prior to close of escrow Any cash or cash equivalent received toward the purchase of a manufactured/mobile home is required to be deposited into escrow when received for: A. down payments for the purchase of the unit B. deposits toward the purchase of the unit C. payments for accessories included in the purchase of a unit D. All the above - ANSWER -D. All the above After installation of a manufactured/mobile home in a mobile home park which of the following is required to initiate disbursement of funds from escrow: A. written confirmation the unit has been installed and acceptance signed by park management B. a written confirmation signed by the dealer that the unit has been delivered to the purchaser who is free to occupy C. written confirmation signed by the dealer that the unit has been delivered to the purchaser in accordance with the agreements and the purchaser is free to occupy the unit, along with the installation acceptance issued by the agency in authority D. a copy of the installation acceptance by the public agency in authority - ANSWER -C. written confirmation signed by the dealer that the unit has been delivered to the purchaser in accordance with the agreements and the purchaser is free to occupy the unit, along with the installation acceptance issued by the agency in authority From the information provided by the dealer, the escrow agent shall prepare escrow instructions which: A. must be signed by both the buy of a new or used unit and the dealer B. must close on the date specified by the dealer and buyer unless amended otherwise C. provides that the escrow agent retains the original with copies going to the buyer and dealer D. all the above are correct - ANSWER -D. all the above are correct When an escrow agent receives notice of a dispute between the parties to an escrow, the agent must hold all funds designated as a deposit until: A. the buyer notifies the agent of the cancellation of the sale and demands the return of his money B. all other funds held in escrow are returned to the respective persons except the dealer C. the agent receives a release assignment from the disputing party or an assignment by Court of Law D. the dealer notifies escrow of the cancellation of the sale submits a written demand on escrow for the deposit - ANSWER -C. the agent receives a release assignment from the disputing party or an assignment by Court of Law The escrow instructions must identify the fixed amounts of deposit, down payment, and balance due consistent with: A. the purchase documents and receipt for deposit B. the receipt for deposit only C. the oral agreements between the parties to escrow D. an order from the lending institution - ANSWER -A. the purchase documents and receipt for deposit When a manufactured/ mobile home is to be installed, funds may be disbursed from the escrow account when: A. the dealer completes installation of the unit B. the installation has complied with the escrow instructions C. the unit has been delivered to the proper site by the manufacturer D. installation is completed and after the unit has received an installation acceptance inspection by the enforcement agency with written notice to escrow - ANSWER -D. installation is completed and after the unit has received an installation acceptance inspection by the enforcement agency with written notice to escrow The length of escrow shall be for: A. a period of time mutually agreed upon by dealer and buyer, or as may extended for 30 day increments B. a period of 120 days or as extended in writing C. the time necessary for the unit to be delivered to the buyer and the buyer to notify the escrow agent D. a period of time mutually agreed upon in writing by the buyer and dealer or as may be extended by mutual written consent with notice to the escrow agent - ANSWER -D. a period of time mutually agreed upon in writing by the buyer and dealer or as may be extended by mutual written consent with notice to the escrow agent A manufactured/mobile home may be delivered to a buyer at the dealer's location providing the buyer agrees to accept full responsibility for installation and providing: A. escrow instructions state such an agreement and the dealer and buyer submit to escrow signed documentation indicating that delivery has been accomplished, in order to initiate disbursement of funds B. escrow is required because no installation inspection is required C. escrow may close upon the mutual endorsement of the documents by the dealer and buyer

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Institution
Manufactured Housing
Course
Manufactured Housing

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Manufactured Housing Test Questions and Correct
Answers Verified 100% Correct
If a dealer alters a manufactured/mobile home which takes it out of compliance
with the federal standards and then sell it, the dealer:

A. Has violated the federal regulations
B. May be fined $1000.00 for each violation
C. Is liable to the federal government for Civil Penalties
D. Is subject to all the above - ANSWER -D. Is subject to all the above

Alterations to the structural, mechanical, plumbing, or electrical systems of a
manufactured/mobile home bearing a HUD label must first be approved by:

A. HCD
B. The manufacturer
C. Both B and D
D. HUD - ANSWER -A. HCD

New manufactured/mobile homes may be altered by dealers:

A. In order to comply with local ordinances or regulations which are more
stringent than the state's requirements
B. If approved by the city or county having jurisdiction
C. If approved by the purchaser
D. If approved by HCD first - ANSWER -D. If approved by HCD first

The manufacturer is required to affix a label to each manufactured/mobile home
which includes:

A. The make, model, serial number, name location of dealer where it is being
delivered and the suggested retail price
B. The design speeds, limitations, and other information pertinent to the unit's
transportation
C. The estimated energy requirements needed to heat or cool the unit
D. All the above - ANSWER -A. The make, model, serial number, name location
of dealer where it is being delivered and the suggested retail price

Removal of the manufacturer's label, as required, is prohibited, except by:

,A. The dealer
B. The retail purchaser
C. The installer
D. The inspecting authority - ANSWER -B. The retail purchaser

Which of the following are required to be deposited by the dealer into an escrow
account which are received toward the purchase of a manufactured/mobile home?

A. Cash, checks, money orders, bank drafts
B. Promissory notes, bills of sale or certificates of ownership
C. Assignments of proceeds, contracts, rights or other negotiable interest
D. All the above - ANSWER -D. All the above

An escrow account shall be opened when the contract of sale, purchase order, or
other document evidencing the sale of a manufactured/mobile home is signed by:

A. dealers, upon receipt of cash only toward the purchase of new or used units
B. dealers of new or used units upon mutual endorsement of purchase documents,
receipts for deposit for any cash or cash equivalent received at any time prior to
close of escrow
C. resale dealers, upon the receipt of cash for the purchase of a resale unit
D. new dealer upon receipt of cash for the purchase of a new unit prior to delivery
- ANSWER -B. Dealers of new or used units upon mutual endorsement of
purchase documents, receipts for deposit for any cash or cash equivalent received
at any time prior to close of escrow

Any cash or cash equivalent received toward the purchase of a
manufactured/mobile home is required to be deposited into escrow when received
for:

A. down payments for the purchase of the unit
B. deposits toward the purchase of the unit
C. payments for accessories included in the purchase of a unit
D. All the above - ANSWER -D. All the above

After installation of a manufactured/mobile home in a mobile home park which of
the following is required to initiate disbursement of funds from escrow:

, A. written confirmation the unit has been installed and acceptance signed by park
management
B. a written confirmation signed by the dealer that the unit has been delivered to
the purchaser who is free to occupy
C. written confirmation signed by the dealer that the unit has been delivered to the
purchaser in accordance with the agreements and the purchaser is free to occupy
the unit, along with the installation acceptance issued by the agency in authority
D. a copy of the installation acceptance by the public agency in authority -
ANSWER -C. written confirmation signed by the dealer that the unit has been
delivered to the purchaser in accordance with the agreements and the purchaser is
free to occupy the unit, along with the installation acceptance issued by the agency
in authority

From the information provided by the dealer, the escrow agent shall prepare
escrow instructions which:

A. must be signed by both the buy of a new or used unit and the dealer
B. must close on the date specified by the dealer and buyer unless amended
otherwise
C. provides that the escrow agent retains the original with copies going to the
buyer and dealer
D. all the above are correct - ANSWER -D. all the above are correct

When an escrow agent receives notice of a dispute between the parties to an
escrow, the agent must hold all funds designated as a deposit until:

A. the buyer notifies the agent of the cancellation of the sale and demands the
return of his money
B. all other funds held in escrow are returned to the respective persons except the
dealer
C. the agent receives a release assignment from the disputing party or an
assignment by Court of Law
D. the dealer notifies escrow of the cancellation of the sale submits a written
demand on escrow for the deposit - ANSWER -C. the agent receives a release
assignment from the disputing party or an assignment by Court of Law

The escrow instructions must identify the fixed amounts of deposit, down
payment, and balance due consistent with:

A. the purchase documents and receipt for deposit

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Institution
Manufactured Housing
Course
Manufactured Housing

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