What can escrow instructions provide for regarding mobilehome/manufactured homes?

Prepare for the California Mobile Home/Manufactured Home Dealer Licensing Exam with comprehensive flashcards and multiple choice questions featuring hints and detailed explanations. Get exam-ready today!

Escrow instructions serve as a critical framework for transactions involving mobile homes and manufactured homes, outlining the responsibilities and procedures for involved parties. It is important to recognize that these instructions can specify various financial arrangements essential to the sale and transfer process.

When it comes to proration of local property taxes, escrow instructions can delineate how property taxes should be divided between the buyer and seller based on the closing date of the transaction. This ensures that each party pays their fair share of property taxes for the time they own the home during the assessment period.

In addition, escrow instructions can also provide guidelines for the payment of any delinquent license fees. This is crucial in ensuring that the buyer does not assume responsibility for any outstanding fees related to the previous ownership that could affect the legality or transfer of the mobilehome.

By allowing for both proration of local property taxes and the payment of any delinquent license fees, the escrow instructions comprehensively address the financial obligations that must be considered during the transfer of ownership, making option C the correct choice.

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