New Mexico Manufactured Homes
Salesperson Practice Exam study guide
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 - ANS 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? - ANS 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 - ANS 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? - ANS 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 - ANS 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 - ANS a. A 5 digit serial number
The time amount for a temporary license is: - ANS 1 Month
When your license expires you have to renew it ... - ANS 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 - ANS b. HUD standards (national standard for
modular/manufactured homes)
If you obtain a temporary license, you can set up anywhere except... - ANS 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. - ANS c. All of his deposit minus the cost of upgrades and customs, not to
exceed 10% of his deposit.
Where is the HUD label located? - ANS 1' up and 1' over/ tail light end
If a person wants to open 3 locations total to sell new and used manufactured homes,
two in NM and one in TX, how many licenses are needed? - ANS 1 for each location
(dealer license)
A commercial unit is any structure designed and equipped for human occupancy for
what purpose? - ANS Industrial, Professional, or Commercial (all or any of them)
FEMA stands for? - ANS Federal Emergency Management Agency
Salesperson Practice Exam study guide
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 - ANS 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? - ANS 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 - ANS 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? - ANS 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 - ANS 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 - ANS a. A 5 digit serial number
The time amount for a temporary license is: - ANS 1 Month
When your license expires you have to renew it ... - ANS 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 - ANS b. HUD standards (national standard for
modular/manufactured homes)
If you obtain a temporary license, you can set up anywhere except... - ANS 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. - ANS c. All of his deposit minus the cost of upgrades and customs, not to
exceed 10% of his deposit.
Where is the HUD label located? - ANS 1' up and 1' over/ tail light end
If a person wants to open 3 locations total to sell new and used manufactured homes,
two in NM and one in TX, how many licenses are needed? - ANS 1 for each location
(dealer license)
A commercial unit is any structure designed and equipped for human occupancy for
what purpose? - ANS Industrial, Professional, or Commercial (all or any of them)
FEMA stands for? - ANS Federal Emergency Management Agency
