LATEST NEVADA MANUFACTURED HOUSING LICENSING
APPROVED EXAM 2026 ACCURATE QUESTIONS AND CORRECT
DETAILED SOLUTIONS (COMPLETE VERIFIED ANSWERS) LATEST
UPDATED VERSION |GUARANTEED SUCCESS A+
1. A salesperson is employed by a licensed manufactured home dealer. When must the salesperson’s
license be prominently displayed?
A) Only when the salesperson is working at a temporary location
B) At the dealer’s main office only
C) At any location where the salesperson is conducting business, including the main office and any
branch locations
D) It does not need to be displayed if the salesperson carries a copy
Correct Answer: C) At any location where the salesperson is conducting business, including the main
office and any branch locations
Rationale: Nevada Administrative Code (NAC) 489.270 requires that licenses of salespersons be
prominently displayed at the main office and any branch office where they are employed, as they are
conducting business from those locations.
2. Under Nevada law, which of the following actions constitutes grounds for the denial, suspension, or
revocation of a manufactured housing license?
A) Failing to maintain a surety bond of at least $5,000
B) Engaging in any act of fraud or misrepresentation in the sale of a manufactured home
C) Advertising a home for sale at a price lower than the dealer’s cost
D) Employing a salesperson who does not hold a valid real estate license
Correct Answer: B) Engaging in any act of fraud or misrepresentation in the sale of a manufactured
home
Rationale: NRS 489.301 outlines grounds for disciplinary action, including fraud, misrepresentation, or
deceit in obtaining a license or in the conduct of business. Maintaining a bond is required, but the
specified amount is incorrect.
,3. A manufactured home dealer in Nevada sells a new home to a buyer who will be financing the
purchase through a third-party lender. The dealer must ensure the buyer receives which document prior
to signing the sales agreement?
A) The Certificate of Occupancy
B) The Nevada Consumer’s Guide to Manufactured Housing
C) The Manufacturer’s Invoice
D) The Dealer’s Cost Breakdown
Correct Answer: B) The Nevada Consumer’s Guide to Manufactured Housing
Rationale: NAC 489.353 requires that a dealer provide a copy of the Nevada Consumer’s Guide to
Manufactured Housing to a prospective buyer before the buyer signs a purchase agreement or sales
contract.
4. Which of the following is a requirement for a licensed manufactured home dealer’s surety bond in
Nevada?
A) The bond must be issued by a surety company not authorized to do business in Nevada to ensure
competition
B) The bond must be maintained for the duration of the license period and can be canceled by the
surety without notice
C) The bond must be in favor of the State of Nevada for the benefit of any person damaged by the
dealer’s violation of NRS 489
D) The bond amount is fixed at $25,000 for all dealers regardless of business volume
Correct Answer: C) The bond must be in favor of the State of Nevada for the benefit of any person
damaged by the dealer’s violation of NRS 489
Rationale: NRS 489.351 requires a surety bond in favor of the State of Nevada, conditioned on
compliance with NRS 489, to provide recourse for consumers damaged by a licensee’s violations.
5. A salesperson employed by a Nevada manufactured home dealer accepts a $10,000 deposit from a
buyer. What is the proper handling of this deposit according to state regulations?
A) The salesperson may hold the deposit in their personal account for up to 48 hours
B) The dealer must place the deposit in a non-interest-bearing trust account until the transaction closes
or is terminated
, C) The dealer may commingle the deposit with operating funds as long as it is tracked in a separate
ledger
D) The deposit must be immediately forfeited if the buyer changes their mind
Correct Answer: B) The dealer must place the deposit in a non-interest-bearing trust account until the
transaction closes or is terminated
Rationale: NAC 489.370 mandates that all deposits and down payments be placed in a trust account
maintained by the dealer until the sale is completed or the agreement is terminated.
6. A manufactured home is defined under Nevada law as:
A) Any structure built on a permanent foundation with a minimum of 1,000 square feet
B) A structure that is transportable in one or more sections and built on a permanent chassis, designed
for occupancy with or without a foundation
C) Any recreational vehicle or park trailer used for long-term habitation
D) A modular home assembled on-site from prefabricated components
Correct Answer: B) A structure that is transportable in one or more sections and built on a permanent
chassis, designed for occupancy with or without a foundation
Rationale: NRS 489.113 provides the statutory definition of a manufactured home, emphasizing
transportability and a permanent chassis, distinguishing it from modular homes or RVs.
7. Which of the following is a specific disclosure required in a purchase agreement for a manufactured
home in Nevada regarding installation?
A) A statement that installation is optional and the buyer may install the home themselves without any
permit
B) A statement that the dealer is responsible for all utility connections regardless of the agreement
C) A statement that the home must be installed by a licensed manufactured home installer unless
exempted by the buyer’s written waiver
D) A statement that the home must be installed by a licensed general contractor
Correct Answer: C) A statement that the home must be installed by a licensed manufactured home
installer unless exempted by the buyer’s written waiver