Posted by Mr. C on August 28, 2003 at 10:50:26:
You could do a deal or two to get a feel for the business in that market and raise the cash for the license.
I did.
$1,000 license fee in Nevada??? - Posted by Jason N. (Nevada)
Posted by Jason N. (Nevada) on August 28, 2003 at 24:46:56:
I just looked up a link that Mr.C gave on a below mentioned post (thanks by the way) and from what I can tell in Nevada you have to have a dealers license and it looks like it costs $1000 for the initial license and then a renewal of $600 every 2 years. Does this sound normal in many other states? Does anyone know of Arizona fees? Maybe I will do a deal in another state to make the $1000 fee, so I am not out so much on the first deal.
Any suggestions would be greatly appreciated.
Thanks,
Jason
Here is the website link:
http://www.leg.state.nv.us/nrs/NRS-489.html#NRS489Sec311
Re: $1,000 license fee in Nevada??? - Posted by Mr. C
Posted by Mr. C on August 28, 2003 at 10:01:30:
Quoting… NRS: CHAPTER 489 - MANUFACTURED HOMES; MOBILE HOMES AND SIMILAR VEHICLES; FACTORY-BUILT HOUSING
NRS 489.076 ?Dealer? defined.
- ?Dealer? means any person who:
(a) For compensation, money or any other thing of value, sells, exchanges, buys or offers for sale, negotiates or attempts to negotiate a sale or exchange of an interest in a manufactured home, mobile home or commercial coach subject to the requirements of this chapter, or induces or attempts to induce any person to buy or exchange an interest in a manufactured home, mobile home or commercial coach;
(b) For compensation, money or any other thing of value, leases or rents, offers for lease or rental, negotiates or attempts to negotiate the lease or rental of an interest in a manufactured home, mobile home or commercial coach subject to the requirements of this chapter, or induces or attempts to induce any person to lease or rent an interest in a manufactured home, mobile home or commercial coach;
(c) Receives or expects to receive a commission, money, brokerage fees, profit or any other thing of value from either the seller or purchaser of any manufactured home, mobile home or commercial coach;
(d) Is engaged wholly or in part in the business of:
(1) Selling, renting or leasing manufactured homes, mobile homes or commercial coaches;
(2) Buying or taking manufactured homes, mobile homes or commercial coaches in trade for the purpose of resale, selling, or offering them for sale or consignment to be sold;
(3) Buying or taking manufactured homes, mobile homes or commercial coaches in trade to rent, lease or offer them for rent or lease; or
(4) Otherwise dealing in manufactured homes, mobile homes or commercial coaches; or
(e) Acts as a repossessor or liquidator concerning manufactured homes, mobile homes or commercial coaches, whether or not they are owned by such persons.
- The term does not include:
(a) Receivers, trustees, administrators, executors, guardians or other persons appointed by or acting under the order of any court;
(b) Public officers while performing their official duties;
(c) Banks, savings and loan associations, credit unions, thrift companies or other financial institutions proceeding as repossessors or liquidators of their own security;
(d) A person who rents or leases his manufactured home, mobile home or commercial coach; or
(e) An owner selling his private residence.
(Added to NRS by 1975, 1571; A 1977, 1453; 1983, 777; 1987, 2088; 1999, 860)
Re: $1,000 license fee in Nevada??? - Posted by KenS(WV)
Posted by KenS(WV) on August 28, 2003 at 07:43:36:
Sounds about right. In WV it is $250 plus a $1500 one time Recovery Fund payment. It is a fund to protect consumers from bad dealers. There are also three other licenses that cost 100 - 250 each.
By the way, if you do your first deal right, you paid for the entire license process on the first deal!
Good luck,
Ken
Re: $1,000 license fee in Nevada??? - Posted by pinheadlarry
Posted by pinheadlarry on May 03, 2006 at 13:44:46:
It’s now $2,000!!!
Good for two years and then requires renewal. So it’s $2,000 every two years. I just checked here:
http://mhd.state.nv.us/licensing.htm
2.d. sounds like - Posted by Steve-WA
Posted by Steve-WA on August 28, 2003 at 10:36:30:
Item 2.d. sounds like you can skirt the dealers license issue via Lease Option strategy. See Get Rich Helping Others (Tew)
Re: 2.d. sounds like - Posted by Mr. C
Posted by Mr. C on August 28, 2003 at 11:29:21:
That depends as much on park policy and the PM, as it does the statute.