What responsibility does a dealer have to disclose information to the buyer?

A dealer has a responsibility to provide full disclosure of any known issues, warranties, and terms of sale to the buyer. This obligation is rooted in ethical practices within the manufactured housing industry, promoting transparency and trust between the dealer and the buyer. Full disclosure ensures that buyers are fully informed about the condition of the housing, any existing problems, and the specifics of warranties and sale agreements. This information is critical as it directly impacts the buyer's decision-making process.

Providing only verbal assurances may lead to misunderstandings or disputes later on, as verbal communications can often be misremembered or misinterpreted. Additionally, not disclosing any information would leave buyers in the dark regarding the significant investment they are making, and only disclosing information about financing does not address the overall safety and quality of the housing. By adhering to full disclosure practices, dealers help safeguard both their reputation and the interests of their clients.