Docsity
Docsity

Prepare for your exams
Prepare for your exams

Study with the several resources on Docsity


Earn points to download
Earn points to download

Earn points by helping other students or get them with a premium plan


Guidelines and tips
Guidelines and tips

DEALER PRACTICE TEST LATEST TEST | ALL QUESTIONS AND CORRECT ANSWERS | GRADED A+, Exams of Real Estate Management

DEALER PRACTICE TEST LATEST TEST | ALL QUESTIONS AND CORRECT ANSWERS | GRADED A+ | VERIFIED ANSWERS | LATEST VERSION (JUST RELEASED)

Typology: Exams

2023/2024

Available from 07/24/2024

rex-smith-1
rex-smith-1 šŸ‡ŗšŸ‡ø

763 documents

1 / 44

Toggle sidebar

This page cannot be seen from the preview

Don't miss anything!

bg1
DEALER PRACTICE TEST LATEST TEST | ALL
QUESTIONS AND CORRECT ANSWERS |
GRADED A+ | VERIFIED ANSWERS | LATEST
VERSION (JUST RELEASED)
After September 19, 1994, all manufactured homes, when initially installed,
require: ------CORRECT ANSWER---------------Installed to resist in
conjunction with vertical hold, either force from horizontal wind pressuring
of 15 pounds per square foot, or the design of the home, whichever is
greater.
Replacement of fuel, gas, burning, ovens, ranges, or clothes, dryers in
Manufactured Homes: ------CORRECT ANSWER---------------Be listed for
residential use, and installed in accordance with the specifications of the
listing.
The California health and safety code allows the replacement of few gas
burning Water heaters in Manufactured Homes with: ------CORRECT
ANSWER---------------New appliances not specifically listed for use in a
manufactured home, provided the appliances, listed for residential use, and
use according to the manufacturers installation instructions.
Smoke detectors are required: ------CORRECT ANSWER---------------In
sales of all Manufactured Homes.
Federal law requires, with the sale of a new mobile home, or manufactured
home, that, from all the height, health notice: ------CORRECT ANSWER-----
----------Be prominently displayed in the kitchen and not removed by any
party, other than the ultimate consumer.
pf3
pf4
pf5
pf8
pf9
pfa
pfd
pfe
pff
pf12
pf13
pf14
pf15
pf16
pf17
pf18
pf19
pf1a
pf1b
pf1c
pf1d
pf1e
pf1f
pf20
pf21
pf22
pf23
pf24
pf25
pf26
pf27
pf28
pf29
pf2a
pf2b
pf2c

Partial preview of the text

Download DEALER PRACTICE TEST LATEST TEST | ALL QUESTIONS AND CORRECT ANSWERS | GRADED A+ and more Exams Real Estate Management in PDF only on Docsity!

DEALER PRACTICE TEST LATEST TEST | ALL

QUESTIONS AND CORRECT ANSWERS |

GRADED A+ | VERIFIED ANSWERS | LATEST

VERSION (JUST RELEASED)

After September 19, 1994, all manufactured homes, when initially installed, require: ------CORRECT ANSWER---------------Installed to resist in conjunction with vertical hold, either force from horizontal wind pressuring of 15 pounds per square foot, or the design of the home, whichever is greater. Replacement of fuel, gas, burning, ovens, ranges, or clothes, dryers in Manufactured Homes: ------CORRECT ANSWER---------------Be listed for residential use, and installed in accordance with the specifications of the listing. The California health and safety code allows the replacement of few gas burning Water heaters in Manufactured Homes with: ------CORRECT ANSWER---------------New appliances not specifically listed for use in a manufactured home, provided the appliances, listed for residential use, and use according to the manufacturers installation instructions. Smoke detectors are required: ------CORRECT ANSWER---------------In sales of all Manufactured Homes. Federal law requires, with the sale of a new mobile home, or manufactured home, that, from all the height, health notice: ------CORRECT ANSWER----- ----------Be prominently displayed in the kitchen and not removed by any party, other than the ultimate consumer.

Each mobile home/Manufactured Homes show have a health notice posted in a temporary location on the kitchen countertop or on an exposed cabinet which states that: ------CORRECT ANSWER---------------A. Some of the building materials use in this home emit formaldehyde. B. Reduce ventilation, resulting from energy efficiency, standards may allow for modified and other contaminants to accumulate in the indoor air. C. Higher indoor temperatures and humidity raise formaldehyde levels. D. All of the above. The health notice on the use of formaldehyde shall be removed by: ------ CORRECT ANSWER---------------Anyone after the entire sales transaction has been completed. If a dealer has made an alteration which took the mobile home out of compliance of the federal mobile home standards, and sold the mobile home, the dealer: ------CORRECT ANSWER---------------A. Has violated the federal regulations by selling a mobile home containing failure to conform to federal mobile home standards B. Maybe $1000 for each violation C. Is liable to the federal government for civil penalties D. All of the above statements are true Dealers who sell used mobile homes/Manufactured Homes and Commercial coaches, bearing the departments and insignia, which contains noncompliant, plumbing, electrical, or heating producing systems or equipment ------CORRECT ANSWER---------------May be subject to license disciplinary Action and required to correct such non-compliances.

The department may assess civil penalties to any licenses for which of the following. ------CORRECT ANSWER---------------A. Various to deposit funds into escrow within five days of receipt B. Failure to report the buyers offered to purchase a used mobile home or manufactured home to the seller in written form, signed by the buyer. C. Fair to notify the department within 10 days of any change in the ownership or corporate structure of the licensee. D. All of the above are correct. Mobile homes that bear a department insignia, or federal label may be placed on a permanent system: ------CORRECT ANSWER---------------A. When it is acceptable to the park, owner and the installation is completed and expected as a chattel installation. B. When the mobile home park installation is done as a shadow installation and does not become a fixture improvement to the Raul property. C. When the mobile home owner host title to the land or has a 35 year lease on the land and which the mobile home is to be installed D. All of the above are correct The department may refuse to issue a transporter decal, under which of the following conditions: ------CORRECT ANSWER---------------The transporter certified authority from PUC is revoked or suspended. On July 1, 1981, the department became responsible for the titling and registration of: ------CORRECT ANSWER---------------Mobile homes, Manufactured Homes, and Commercial coaches. As the seller of a manufactured home or commercial, Coach, the dealer is required to pay Dept within 10 calendar days from the date of sale, all fees for registration and transfer on the unit. Failure to report in a timely matter may result in: ------CORRECT ANSWER---------------Assessment of citation

plus civil penalties, administrative service fees, and/or administrative action against the dealers license. A manufactured home manufacture, a seller manufactured home directly to a licensed general contractor when ------CORRECT ANSWER--------------- The qualifying conditions in the California health and safety codes are met. When a manufactured home subject to registration is sold or lease with an option to buy: ------CORRECT ANSWER---------------The instruction provide that the manufacturer certificate of origin be placed into escrow The purpose of registration and reporting of mobile home sales, the date of the sale is ------CORRECT ANSWER---------------Always the date the Escrow closed Purpose of registration and reporting of mobile home sales, the sales shall be deemed completed ------CORRECT ANSWER---------------All funds, other than funds for escrow fees and amounts for uninstalled or undelivered accessories, are dispersed from escrow Dealers shall, upon the sale of; ------CORRECT ANSWER---------------New or use Manufactured Homes or Commercial modulars report the sales to the department of housing and community development. Mobile homes sold to governmental agencies are; ------CORRECT ANSWER---------------Required to be registered by HCD, but are exempt from registration fees.

A person who induces or attempts to induce any other person to buy, or exchange an interest in a manufactured home, or commercial modular, and who receives or expect to receive a commission from either the seller or purchaser of the unit is: ------CORRECT ANSWER---------------Required to possesses a valid mobile home/manufactured home or commercial coach, sales person or dealers license Which of the following is a cause for the department to suspend or revoke a license issued to a dealer ------CORRECT ANSWER---------------The employing person as sales person is not in possession of the valid, temporary permit or salesperson lawsuit, issued by the state The department may issue a temporary permit to an applicant for a salesperson license who successfully completes the states examination. The temporary permit to shall cause a period not to exceed ------CORRECT ANSWER---------------120 Days A license issued by this department to a mobile home sales person ------ CORRECT ANSWER---------------Must be delivered to the employing dealer and displayed at the dealers place of business in a place conspicuous to the public A manufactured home dealer is required to employee only those sales persons who have a valid HCD sales persons license, and must: ------ CORRECT ANSWER---------------Display the sales persons license for each employed salesperson at the dealers place of business, in a place conspicuous to the public. Every mobile home/manufactured home Or commercial coach sales person license issued by the California Department of Housing and Community

Development shall expire; ------CORRECT ANSWER---------------On the last day of the 24th month, following the date of issuance of the temporary permit. In the sale or lease of a new or used manufactured home or commercial Coach, the 90 day certificate granted to an applicant for an original salesperson LICENSE provides: - -----CORRECT ANSWER---------------The applicant, never execute documents, or contracts, or listing agreements, or accept cash or cash equivalent A salesperson licensed by the department is subject to administrative action to suspend or revoke the license for: ------CORRECT ANSWER------- --------A. Failing to pay over overfunds Improperly properly received in the course of employment to a dealer entitled thereto. B. Failing to deliver the salesperson's license to the employee dealer for display. C. Having had a unsatisfied final court judgment in connection with any activity under the authority of the health and safety code, division 13, part two D. All of the above are correct The department may after notice and hearings, suspend, or revoke license, issued to a sales person, or dealer for: ------CORRECT ANSWER------------- --A. Willingly violating any law, rule, or regulation adopted by the department relating to manufactured homes and commercial modular sales B. Failing to comply within a reasonable time within a written order to the department. C. Violating any of the terms or provisions of Part 5, commencing with section 10701 of the Revenue and Taxation Code. D. All of the above are correct

The mobile home recovery fund provides that: ------CORRECT ANSWER--- ------------Either buyers or sellers of Manufactured Homes or eligible to make a claim against the fund. A person requires a license as a sales person, when he or she: ------ CORRECT ANSWER---------------Exercises managerial control of the business office and the salespersons of the license dealer. Regarding a 90 day certificate holder, a dealer may employee in established place of business: ------CORRECT ANSWER---------------No more than three certificate persons at a time. A 90 day certificate issued to an applicant for a salesperson license: ------ CORRECT ANSWER---------------May not be renewed. It is unlawful for any person to act as a mobile home sales person without having first procure a license or temporary permit issued by this Department, or when: ------CORRECT ANSWER---------------A. The license or temporary permit has expired. B. The license or temporary permit has been canceled. C. The license or temporary permit has been suspended or revoked. D. All of the above are true and correct. A licensed salesperson, who is employed by two mobile home, or manufactured, home, or commercial, Coach dealers, whose ownership structure is not identical: ------CORRECT ANSWER---------------Is in violation of the law, the department may take administrative actions against the salesperson to obtain revocation or suspension of the license.

A dealer license by the department of housing and community development may sell a mobile home/manufactured home or commercial. Coach, which is to be installed on a permanent foundation system, and: ------CORRECT ANSWER---------------May not be involved as a licensed dealer in the subsequent resale of the unit The legislature has enacted by statute, continuing education departments which require or provide that ------CORRECT ANSWER---------------24 hours of an approved education, course are required for the first license renewal period subsequent to the issuance of the license. The legislator has determined that in the public interest for consumer protection, that the following licenses must comply with continent, education requirements: ------CORRECT ANSWER--------------- Manufactured, housing dealer, and sales agent. A mobile home dealer or salesperson fails to complete the required continuing education on or before the expiration of the respective license. What is the status of the licensee if all fees have been paid to the department. ------CORRECT ANSWER---------------The dealer or salesperson license is automatically suspended In addition to the preliminary education and application requirements, the California health and safety code requires that an applicant for a dealers license: ------CORRECT ANSWER---------------A. Is required to have at least one years experience as a licensed sales person B. Is required to have at least 30 semester units from an accredited college or university C. Either a or B is correct D. Neither a or B is correct

C. Was previously a partner or officer of a dealership whose license was revoked, and never re-issued and the terms of suspension Have not been fulfilled. D. Have been convicted of a crime in involving moral turpitude The department may refuse to issue a dealers license to an applicant, for which of the following: ------CORRECT ANSWER---------------A. If the information contained in the application is incorrect. B. If the applicant has an outstanding and unsatisfied final judgment, rendered in the connection with the sale of any mobile home. C. If the department investigation of the information provided on the application reveals substantial business irregularities. D. All of the above are correct. It is unlawful for a dealer to offer for sale, rent, or lease within this state, a new mobile home/manufactured home or commercial Coach, whose manufacturer ------CORRECT ANSWER---------------Is not licensed By the California Department of housing and community development. A licensed issued to a mobile home dealer is automatically canceled: ------ CORRECT ANSWER---------------When the dealer moves a place of business without notifying the department. When a person is a limited partner, and is not involved in the sale or Manufactured Homes, or Commercial modulars, he/she must have: ------ CORRECT ANSWER---------------No license is required The department of housing and community development may allow the manufacturer, distributor, or dealer license to go into inactive status: ------

CORRECT ANSWER---------------Six months, or for the remaining term of the original license, whichever is less. Every manufactured home dealer shall notify the department: ------ CORRECT ANSWER---------------Within 10 days after the employment or termination of a manufactured home sales person. Dealers are required to exercise, reasonable supervision over the activities of: ------CORRECT ANSWER---------------A. Employed sales person B. Employees, negotiating, or promoting sale of manufactured homes or commercial modular. C. General managers who exercise managerial control over the dealers business. D. All of the above are correct. The department may assess licensee civil penalties, for which of the following: ------CORRECT ANSWER---------------Failure to notify the Dept of the termination of a salesperson. The term regulation Z relates to: ------CORRECT ANSWER---------------Any rule, regulation, or or interpretation, promulgated by the board of governors of the federal reserve system of the truth-in-lending act. When advertising credit terms for a mobile home/manufactured home, available for porches on a time payment basis: ------CORRECT ANSWER-- -------------Finance disclosures must be in compliance with regulations Z requirements.

The advertise credit terms for manufactured home or commercial modular available for the purchase on a time payment plan: ------CORRECT ANSWER---------------Finance disclosures must be in compliance with regulation Z truth-in-lending requirements. In addition to other remedies provided in the health and safety code, the department may issue a citation which accesses a civil penalty to a licensee in the state of a manufactured home for all of the following except: ------CORRECT ANSWER---------------Failure to list the serial number of a manufactured home in newspaper advertisement. A dealer advertising, a new manufactured home, or commercial modular in a newspaper: ------CORRECT ANSWER---------------She sell the advertise unit at or below the advertise price, irrespective of whether or not the advertise price has been communicated to the purchaser Dealer displaying models which contain features, items, or Material, no longer available from the manufacturer: ------CORRECT ANSWER------------ ---Must inform the buyer whose ordered home will be based on a display model of the display features, items, or materials, which are no longer available. Advertisements, claiming discounts on new manufactured homes: ------ CORRECT ANSWER---------------Must be limited to the difference between the dealers advertise selling price for cash, and the manufacturer suggested retail price. With respect to Advertising, Manufactured Homes, or Commercial modulars, it is unlawful, and therefore grounds for licensing action, to make a misleading statement through: ------CORRECT ANSWER---------------A.

Advertisement and newspapers, shopper guides, flyers, or other publications. B. Verbal communication, including statements, made by sales persons C. Public broadcasting. D. Any manner or means whatsoever, thus all of the above The licensee shall Not advertise in a newspaper, the amount of the down payment and/or deposit required to purchase a manufactured home, unless it is clearly identified as being a down payment or deposit: ------CORRECT ANSWER---------------In type size, not less than half the size in which the amount of the down payment or deposit is stated. Unless an advertisement states that an advertise price in terms are good only for a specific time, and that time has elapsed, The dealer shall willingly show and sell the advertise unit at the price, in terms, specifically advertise: ------CORRECT ANSWER---------------Until the unit is sold. The licensee shall not advertise any merchandise, services, or products, as free with the purchase of a mobile home/manufactured home or commercial Coach: ------CORRECT ANSWER---------------When the free items are covered by a fee to be charged as part of the transaction. A mobile home that has been delivered to a retail purchaser then repossess prior to being registered may be advertised: ------CORRECT ANSWER---------------As a used mobile home. In what code is the law found that requires warranty for all new mobile homes/manufactured homes. ------CORRECT ANSWER--------------- California civil code

The California Civil Code requires that a mobile home/manufactured home warranty: ------CORRECT ANSWER---------------Contain reprints of all provisions of law relating to mobile home/manufactured home war The California civic requires the warranty period for new mobile home/manufactured home to be: ------CORRECT ANSWER---------------One year, beginning from the date of delivery of the mobile home, manufactured home to the purchaser The California civil code provides that the dealers and manufacturer shall complete warranty service, to correct all substantial defects: ------ CORRECT ANSWER---------------Within 90 days of receiving the buyers written notice, unless they are circumstances beyond control of the dealer or manufacturer. The California Civil code requires a dealer or manufacturer of a new mobile home/manufactured home to take corrective action at the site of the mobile home/manufactured home upon: ------CORRECT ANSWER--------------- Receipt of written notice of substantial defect, delivered to the manufacture or dealer at their business address within one year and 10 days from the date of delivery The mobile home/Manufactured Warranty document required by the California civil code for all new mobile homes/Manufactured Homes must contain the statement: ------CORRECT ANSWER---------------That the Mobile Home/manufactured home is free of any substantial defects in material or workmanship.

The California civil code requires that a written warranty be provided for ---- --CORRECT ANSWER---------------All new mobile homes/Manufactured Homes The California civic requires the mobile home/manufactured home warranty to cover: ------CORRECT ANSWER---------------A. The structural, plumbing, heating, and electrical systems B. Appliances C. Any equipment installed and included there in by the manufacturer or dealer. D. All of the above are correct Unless sold by the retailer are sold "as is" or "with all faults," all goods must be accompanied by: ------CORRECT ANSWER---------------An applied warranty of merchantability Under what conditions can the purchaser of a new manufactured home wave his or her rights to a manufactured home warranty? ------CORRECT ANSWER---------------Under no conditions In a transaction for sale, lease, or exchange of a manufactured home, fax known to the licensee, that material affect the value or desirability of the home: ------CORRECT ANSWER---------------Shall be disclosed when the dealer or salesperson has reason to believe that such facts are not readily observable by a perspective, purchaser, or Leasee An oral or written agreement between the dealer, and the purchaser of a new manufactured home, which requires a purchaser to waive his/Her right to a warranty, provisions of the California civil code: ------CORRECT