What is the main goal of the CHOICEHome® and MH Advantage® initiatives?
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To bring manufactured homes in line with site-built housing standards for design, construction, and financing.
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If HUD certification labels are missing on a manufactured home, what must the appraiser do?
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Record the absence and explain it in the Manufactured Home Commentary section.
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Fill in the blank: If a manufactured home is not covered by any certification program, the certification section of the appraisal should be ______.
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Left blank
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How do manufactured homes differ from site-built homes, even when they look alike?
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They are built using different methods and are subject to separate regulatory requirements
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Why might a CHOICEHome® or MH Advantage® property be attractive to buyers?
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The correct answer is...
It qualifies for financing options similar to those available for site-built homes
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If a manufactured home on the property is not being used as a dwelling, where must it be reported?
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In the 'Improvements' section or the 'Other' section of the appraisal
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Transcript
What is the main goal of the CHOICEHome® and MH Advantage® initiatives?
Flip flashcard to reveal answer
The correct answer is...
To bring manufactured homes in line with site-built housing standards for design, construction, and financing.
Back to Question
Next card
If HUD certification labels are missing on a manufactured home, what must the appraiser do?
Flip flashcard to reveal answer
Previous card
The correct answer is...
Record the absence and explain it in the Manufactured Home Commentary section.
Next card
Back to Question
Fill in the blank: If a manufactured home is not covered by any certification program, the certification section of the appraisal should be ______.
Flip flashcard to reveal answer
Previous card
The correct answer is...
Left blank
Next card
Next card
Back to Question
How do manufactured homes differ from site-built homes, even when they look alike?
Flip flashcard to reveal answer
Previous card
The correct answer is...
They are built using different methods and are subject to separate regulatory requirements
Next card
Back to Question
Why might a CHOICEHome® or MH Advantage® property be attractive to buyers?
Flip flashcard to reveal answer
Previous card
The correct answer is...
It qualifies for financing options similar to those available for site-built homes
Next card
Back to Question
If a manufactured home on the property is not being used as a dwelling, where must it be reported?
Flip flashcard to reveal answer
Previous card
The correct answer is...
In the 'Improvements' section or the 'Other' section of the appraisal
Back to Question