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Updated almost 16 years ago on . Most recent reply

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34
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1
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Marcial J.Paredes
  • Phoenix, AZ
1
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34
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Please read, need advise

Marcial J.Paredes
  • Phoenix, AZ
Posted

According to the laws in AZ, I can only sell 2 MH's p/year without having a dealers license. I spoke to a contact of mine a few weeks ago, who is a salesperson for a local dealer and he mentioned to me that he works with lots of investors that go around getting a license by placing the homes in different people's names. My question is, could I get into some sort of trouble if I were to attempt this? Is this legal? .

Most Popular Reply

User Stats

355
Posts
324
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Jim Johnson
  • Rental Property Investor
  • Denver, CO
324
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355
Posts
Jim Johnson
  • Rental Property Investor
  • Denver, CO
Replied

Marcial,
I like to look at the laws, and also the intent of the action. If your intention is to circumvent the law, by doing some trick into fooling the state or IRS, then I would say your really breaking the law. Your intention is clear. There is no real trick to being licensed. The education and the insurance and bonds will provide protection if someone comes after you once a home is sold. Rachel hits the nail on the head by saying you should play by the rules.

  • Jim Johnson
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