What type of fee do dealers and salespersons pay to the manufactured home recovery fund?

Dealers and salespersons pay a registration or sales fee to the manufactured home recovery fund as part of their obligations to maintain licensure and compliance within the industry. This fee is typically designed to protect consumers by ensuring that there are funds available to address potential losses incurred by home buyers in situations such as dealer insolvency or fraud. The existence of such a recovery fund helps to bolster public confidence in purchasing manufactured homes and serves as a critical component of regulatory oversight in the industry. This is why the registration or sales fee is directly linked to maintaining the integrity of transactions involving manufactured homes.