Manufactured Housing Practice Test

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What responsibility do dealer and salespersons have regarding used manufactured homes?

None; used homes don’t require disclosure
Complete disclosure of known issues
Disclosure only if requested by the buyer
Only disclose if the home is over 10 years old

The correct answer is: Complete disclosure of known issues

The responsibility of dealers and salespersons regarding used manufactured homes involves complete disclosure of known issues. This is essential because buyers need to be fully informed about any potential problems or defects in the home to make a well-informed purchasing decision. Transparency is key in real estate transactions, and this responsibility helps build trust between the buyer and the seller. In many jurisdictions, failure to disclose known issues can lead to legal consequences for the seller, as they may be held liable for any issues that arise post-sale. By ensuring that all known issues are disclosed, dealers and salespersons not only adhere to ethical business practices but also comply with legal requirements that protect consumers. The other options suggest varying degrees of non-disclosure or limited disclosure, which do not align with the ethical and legal standards expected in the sale of used manufactured homes. Complete transparency is crucial for maintaining the integrity of the transaction and ensuring buyer protection.