True/False - According to CP-14 Sale of Modular Homes, a licensee who sells land and a modular home to be affixed to the land, to the purchaser in concurrent or an arranged or pre-arranged or packaged transaction, is subject to the laws and rules of the Commission.

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Computers & Technology

8 March, 16:46

True/False - According to CP-14 Sale of Modular Homes, a licensee who sells land and a modular home to be affixed to the land, to the purchaser in concurrent or an arranged or pre-arranged or packaged transaction, is subject to the laws and rules of the Commission.

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Paola · Answer 1

True - According to CP - Sale of Modular Homes, a licensee who sells land and a modular home to be affixed to the land is subject to the laws and rules of the Commission,

Explanation:

CP-14 Scale of Modular Homes is a Commission that offers service by Licensees. Such Services such as a collection of rents, development services, management of real property performed independently but not involving renting. These services are integrated with the real state. All money received in connection disbursed according to the law and the rules of Real Estate.

The Commission is a position is Real State, which stated that licensee who sells land modular homes to be affixed to the land to the purchaser in arranged and pre-arranged packaged transaction is subject to the laws and rules of Commission. All money received should be processed through a broker. It is another position of the Commission that of licensee sells a land, a modular home, and there has no brokerage relationship between owners of the land and licensee, then such sale will not comply with requirements of Commission Rule.