Housing and Community Development (HCD) Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Housing and Community Development Exam. Engage with interactive tools, simulate real exam conditions, and access hints with explanations for each quiz question.

Practice this question and more.

When must a copy of the warranty document for a new manufactured home be provided to the retail purchaser?

When the contract of sale is signed
Upon delivery of the manufactured home
When the escrow is opened
When the escrow account is closed

The correct answer is: When the contract of sale is signed

The warranty document for a new manufactured home must be provided to the retail purchaser when the contract of sale is signed. This requirement ensures that potential buyers are fully informed about the warranty coverage before finalizing their purchase, allowing them to understand their rights and the protections afforded to them. By receiving the warranty document at this stage, buyers can make more informed decisions, consider any warranty terms and conditions, and discuss any concerns or questions with the seller before committing to the purchase. Providing the warranty at the time of signing the contract also aligns with consumer protection principles, as it promotes transparency and fairness in transactions involving significant investments such as a home. This practice helps to avoid misunderstandings or disputes later in the process, enhancing buyer confidence and satisfaction right from the beginning of their home-buying experience.