Do I need a license to sell my client’s manufactured home?
11/20/2015 | Author: Editorial Staff
I’m a licensed real estate sales agent, and I’m working with a client who wants to sell his manufactured home. Do I need to be licensed by the Texas Department of Housing and Community Affairs as a manufactured-housing broker to negotiate the sale of my client’s property?
Whether you need to be licensed as a manufactured-housing broker by the TDHCA depends on the property and your recent transactions.
You can take part in the transaction without becoming licensed as a manufactured-housing broker if three criteria are met:
- the home is attached to the real property,
- the same person is the record owner of both the manufactured home and the real property, and
- the sale or lease occurs in a single real estate transaction.
There’s also an exemption to the licensing requirement if those elements don’t apply and you haven’t negotiated any manufactured-housing transactions in the past 12 months.
However, if the above elements don’t apply and you have negotiated any similar transactions in the past 12 months, you would be considered to be acting as a manufactured-housing broker by negotiating this sale and must be licensed by the TDHCA to comply with state law.
Read more legal FAQs at texasrealestate.com, and check out the November 2015 issue of Texas REALTOR® magazine to read tips for working with manufactured-home buyers.
The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.
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