Which of the following was introduced as a requirement in 1987?

Master the Manufactured Homes Dealer Test. Study with engaging flashcards and multiple choice questions. Each question is supported with helpful hints and clear explanations. Prepare to ace your exam!

The requirement introduced in 1987 related to a fee for new registration or sale establishes an important regulatory framework for the manufactured housing industry. This fee aims to standardize the process of registering manufactured homes and can serve various purposes, such as generating revenue for state oversight and ensuring that all transactions are properly documented and regulated.

The introduction of this fee marked a shift toward greater accountability and consumer protection within the industry. It allowed state agencies to better monitor sales and ensure compliance with established regulations regarding the selling and purchasing of manufactured homes. This regulation is crucial because it not only affects the dealers but also protects buyers by ensuring that they are engaging in legitimate transactions.

Without this requirement, it could have been challenging for regulatory bodies to maintain oversight and for consumers to verify the legitimacy of sales, which might lead to issues like fraud or unlicensed sales practices.

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