Manufactured Housing: Dealers and Salespersons
FAQs
Q: How do I get licensed as a dealer?
- Take dealer exam administered by Psychological Services Inc. (PSI) and pass with a minimum score of 70 percent. (www.psiexams.com or call 1-800- 733-9267)
- Complete license application, post $200 fee and $50,000 consumer protection bond.
Q: How often do I renew my installer license?
- Dealer licenses must be renewed every year for a fee of $200.
- Show proof of $50,000 consumer protection bond.
Q: What happens if I don’t renew my dealer license on time?
- There is a thirty day grace period in which to renew a license, and if it is not renewed with that period, the license will be revoked.
Can I put my dealer license on temporary hold in cases of family and medical emergencies?
- Yes. The license holder, however, must turn in his or her license, keep all fees current and must cease to do business.
Q: Should I post the dealer “Public Notice” poster at my dealership(s)?
Yes. All dealers are required to prominently display this notice at their places of business. (link internally to the Public Notice poster located in forms)
Salesperson:
Q: How do I get licensed as a salesperson license?
- Take salesperson exam administered by Psychological Services Inc. (PSI) and pass with a minimum score of 70 percent. (www.psiexams.com or call 1-800- 733-9267)
- Complete license application and post $50 fee.
Q: How often do I renew my salesperson license?
- Salesperson license must be renewed every year for a fee of $50.
Q: What happens if I don’t renew my salesperson license on time?
- There is a thirty day grace period in which to renew a license, and if it is not renewed with that period, the license will be revoked.
PSI Testing Study Reference Material
Unfair Trade Practices Act
Follow the links to New Mexico Statutes >
Statutory Chapters in New Mexico Statutes Annotated 1978 >
Chapter 57 Business Licenses >
Article 12. Unfair Trade Practices Act
Manufactured Home Procedural and Enforcement Regulations
Manufactured Housing Requirements
Truth in Lending