When is a sale of a mobilehome deemed completed if not installed on a permanent foundation system?

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!

The sale of a mobilehome not installed on a permanent foundation system is deemed completed when all funds, other than those allocated for escrow fees, have been dispersed from escrow. This reflects the legal principles governing real estate transactions, including mobilehomes, where the financial completion signifies that the sale is finalized.

At this point, all parties have fulfilled their primary obligations related to the financial aspects of the sale, eliminating any risk of funds being held in escrow that could cause delays or disputes. The disbursement of funds indicates that the seller has received their payment, the buyer has satisfied their financial responsibility, and the transaction can move forward without pending financial ties.

While the other options might seem relevant, they do not reflect the specific legal standpoint necessary for the completion of a sale in this context. For instance, simply delivering the mobilehome and accessories does not ensure that the transaction is financially complete; in fact, it could lead to issues if funds remain unresolved. Likewise, the purchase order or payment made by the purchaser doesn’t signify completion until funds have cleared, nor does the acceptance of the full sale price by the dealer, as this could be contingent on additional conditions like escrow dispersal. Thus, recognizing the release of funds as the definitive marker of a completed

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