For the sale or lease of a new or used manufactured/mobile home, the 90 day certificate granted to an applicant for an original salesperson license provides...

The correct choice highlights the limitations placed on a newly issued 90-day certificate for an original salesperson license. This certificate is essentially a temporary authorization that allows the applicant to engage in certain tasks under close supervision but does not grant full rights or responsibilities associated with the role of a licensed salesperson.

An applicant with a 90-day certificate cannot execute contracts, purchase documents, or listing agreements, nor can they accept cash or cash equivalents. This is designed to ensure that consumers are protected during the initial phase of a salesperson's training and that all transactions are appropriately managed by a fully licensed individual. The rationale behind this restriction is to uphold the integrity of the sales process and maintain high standards in the real estate and manufactured home industries.

While some options suggest a broader scope of activities under supervision, a foundational rule in licensing is to ensure that only fully qualified and trained professionals can engage in critical financial and contractual transactions. Therefore, the limitations imposed by the 90-day certificate are both a measure for responsible practice and consumer protection.