NEW MEXICO MANUFACTURED HOMES SALESPERSON
PRACTICE EXAM QUESTIONS AND ANSWERS
All of the following are required to be given to the customer at close except:
a. Copy of purchase agreement
b. Sales contract
c. Credit Report
d. All of the above - CORRECT ANSWERS✅✅C. Credit report, due to company/national credit safety
protection we are not allowed to offer any credit information at any time.
All conditions of a sales contract signed by a dealer or broker and homeowner must be completed
within how many days from the date of delivery, unless otherwise signed and agreed to by both parties?
- CORRECT ANSWERS✅✅45 Days
A sales person is entitled to be:
a. licensed individually
b. not employed for more than one dealer or broker at the same time
c. not acting as a sales person while license is in suspension
d. all of the above - CORRECT ANSWERS✅✅D. All of the above
An elderly couple buys a home and the wife have a severe stroke. The home is done and installed onto a
permanent foundation. The couple decides that the best thing for them is to live in an apartment for 18
months, which is suggested by their doctor. They want their original sales person to handle the home
sale and the salesperson decides to mark the home as new... why is this wrong? - CORRECT
ANSWERS✅✅It has a permanent foundation
A manufactured housing broker is going to resell a home, but discovers that the home has lien on it.
Who is responsible to get consent to sale?
a. previous owner
b. the broker
c. the seller
d. the buyer - CORRECT ANSWERS✅✅The broker.
, The HUD plate must consist of everything but:
a. A 5 digit serial number
b. it must be 2"x4"
c. It must be fastened permanently so if it is removed it will be damaged and not reusable
d. It must be made of metal - CORRECT ANSWERS✅✅a. A 5 digit serial number
The time amount for a temporary license is: - CORRECT ANSWERS✅✅1 Month
When your license expires you have to renew it ... - CORRECT ANSWERS✅✅Within the same month it
was received a year later.
If a manufactured home is going to be built, but the manual is lost, it must be built by:
a. New Mexico manufactured housing and construction standards
b. HUD standards
c. DAPIA standards
d. county standards - CORRECT ANSWERS✅✅b. HUD standards (national standard for
modular/manufactured homes)
If you obtain a temporary license, you can set up anywhere except... - CORRECT ANSWERS✅✅Public
schools
A customer orders a home and decides on upgrades and customer designs on the ordered home. The
customer then backs out of the deal and has only paid the deposit. How much of his deposit, if any, will
he get back?
a. all of it
b. the cost of upgrades and repairs
c. All of his deposit minus the cost of upgrades and customs, not to exceed 10% of his deposit.
d. All of his deposit minus the cost of upgrades and customs, not to exceed 5% of his deposit. - CORRECT
ANSWERS✅✅c. All of his deposit minus the cost of upgrades and customs, not to exceed 10% of his
deposit.
PRACTICE EXAM QUESTIONS AND ANSWERS
All of the following are required to be given to the customer at close except:
a. Copy of purchase agreement
b. Sales contract
c. Credit Report
d. All of the above - CORRECT ANSWERS✅✅C. Credit report, due to company/national credit safety
protection we are not allowed to offer any credit information at any time.
All conditions of a sales contract signed by a dealer or broker and homeowner must be completed
within how many days from the date of delivery, unless otherwise signed and agreed to by both parties?
- CORRECT ANSWERS✅✅45 Days
A sales person is entitled to be:
a. licensed individually
b. not employed for more than one dealer or broker at the same time
c. not acting as a sales person while license is in suspension
d. all of the above - CORRECT ANSWERS✅✅D. All of the above
An elderly couple buys a home and the wife have a severe stroke. The home is done and installed onto a
permanent foundation. The couple decides that the best thing for them is to live in an apartment for 18
months, which is suggested by their doctor. They want their original sales person to handle the home
sale and the salesperson decides to mark the home as new... why is this wrong? - CORRECT
ANSWERS✅✅It has a permanent foundation
A manufactured housing broker is going to resell a home, but discovers that the home has lien on it.
Who is responsible to get consent to sale?
a. previous owner
b. the broker
c. the seller
d. the buyer - CORRECT ANSWERS✅✅The broker.
, The HUD plate must consist of everything but:
a. A 5 digit serial number
b. it must be 2"x4"
c. It must be fastened permanently so if it is removed it will be damaged and not reusable
d. It must be made of metal - CORRECT ANSWERS✅✅a. A 5 digit serial number
The time amount for a temporary license is: - CORRECT ANSWERS✅✅1 Month
When your license expires you have to renew it ... - CORRECT ANSWERS✅✅Within the same month it
was received a year later.
If a manufactured home is going to be built, but the manual is lost, it must be built by:
a. New Mexico manufactured housing and construction standards
b. HUD standards
c. DAPIA standards
d. county standards - CORRECT ANSWERS✅✅b. HUD standards (national standard for
modular/manufactured homes)
If you obtain a temporary license, you can set up anywhere except... - CORRECT ANSWERS✅✅Public
schools
A customer orders a home and decides on upgrades and customer designs on the ordered home. The
customer then backs out of the deal and has only paid the deposit. How much of his deposit, if any, will
he get back?
a. all of it
b. the cost of upgrades and repairs
c. All of his deposit minus the cost of upgrades and customs, not to exceed 10% of his deposit.
d. All of his deposit minus the cost of upgrades and customs, not to exceed 5% of his deposit. - CORRECT
ANSWERS✅✅c. All of his deposit minus the cost of upgrades and customs, not to exceed 10% of his
deposit.
