New Mexico Manufactured Homes Salesperson Practice
Exam Questions with Verified Answers |2026/2027
Update | A+ Graded
A customer calls for warranty repair work and it is completed in the 10th month after the
customer received the keys, how long will the work be covered under warranty?
a. 30 days
b. 90 days
c. until the customers 1 year warranty has expired
d. 90 days, or until the customers 1 year warranty has expired, whichever is later... - Answer -a.
30 days
Each person's license shall be renewed annually during its anniversary month. How many days
does the division allow for a licensee to renew without penalty?
a. 90 days
b. 60 days
c. 30 days
d. 10 days - Answer -c. 30 days
Regulation Z is basically...
a. To enforce fair trade practices
b. truth and justice
c. statutes to which homes are built
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, d. to share with consumers the long terms of lending and the truths that are involved... -
Answer -d. to share with consumers the long terms of lending and the truths that are involved.
DAPIA stands for... - Answer -Design Approval Primary Inspection Agency
IPIA stands for... - Answer -Production Information Preparation Inspection Agency
If you quit one company to go to another, your license is
a. thrown away and you must retest
b. transferred to your new employer
c. placed in inactive status
d. renewed automatically - Answer -b. transferred to your new employer
Using exaggeration as a means to deceive and gain a sale is known as:
a. Ok to do once in a while
b. forbidden in all states except NM, UT, AZ, and CO
c. Unfair trade practices
d. totally okay to do because they will do it to you - Answer -C. Unfair trade practices
A sales person presents a purchase agreement to the customer and states that the deal is "only
good for today", is this selling practice ethical? - Answer -NO
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Exam Questions with Verified Answers |2026/2027
Update | A+ Graded
A customer calls for warranty repair work and it is completed in the 10th month after the
customer received the keys, how long will the work be covered under warranty?
a. 30 days
b. 90 days
c. until the customers 1 year warranty has expired
d. 90 days, or until the customers 1 year warranty has expired, whichever is later... - Answer -a.
30 days
Each person's license shall be renewed annually during its anniversary month. How many days
does the division allow for a licensee to renew without penalty?
a. 90 days
b. 60 days
c. 30 days
d. 10 days - Answer -c. 30 days
Regulation Z is basically...
a. To enforce fair trade practices
b. truth and justice
c. statutes to which homes are built
1|Page
, d. to share with consumers the long terms of lending and the truths that are involved... -
Answer -d. to share with consumers the long terms of lending and the truths that are involved.
DAPIA stands for... - Answer -Design Approval Primary Inspection Agency
IPIA stands for... - Answer -Production Information Preparation Inspection Agency
If you quit one company to go to another, your license is
a. thrown away and you must retest
b. transferred to your new employer
c. placed in inactive status
d. renewed automatically - Answer -b. transferred to your new employer
Using exaggeration as a means to deceive and gain a sale is known as:
a. Ok to do once in a while
b. forbidden in all states except NM, UT, AZ, and CO
c. Unfair trade practices
d. totally okay to do because they will do it to you - Answer -C. Unfair trade practices
A sales person presents a purchase agreement to the customer and states that the deal is "only
good for today", is this selling practice ethical? - Answer -NO
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