In which situation would a license be suspended or revoked?

Omitting material facts in a manufactured home transaction can lead to significant consequences, including the suspension or revocation of a dealer's license. This is because transparency and honesty are critical in maintaining consumer trust and ensuring fair trade practices. When a dealer fails to disclose important information, it can mislead buyers about the condition, value, or legality of a manufactured home, potentially leading to financial loss or unsafe living conditions for the purchaser. Regulatory authorities prioritize consumer protection and expect dealers to provide all relevant information to make informed decisions. Therefore, the omission of material facts is considered a serious violation that undermines the integrity of the industry and justifies disciplinary action against the licensee.