Subdivision 1. License required.
No person shall engage in the business, either exclusively
or in addition to any other occupation of manufacturing, selling, offering to sell, soliciting
or advertising the sale of manufactured homes, or act as a broker without being licensed as
a manufacturer or a dealer as provided in section
. Any person who manufactures,
sells, offers to sell, solicits or advertises the sale of manufactured homes, or acts as a broker in
violation of this subdivision shall nevertheless be subject to the duties, prohibitions and penalties
imposed by sections
. This chapter does not prohibit either an individual from
reselling, without a license, a manufactured home which is or has been the individual's residence
or any bank, savings bank, savings association, or credit union, chartered by either this state or the
federal government, from reselling, without a license, a repossessed manufactured home.
Subd. 2. Advertising.
No person shall advertise as a manufactured home dealer, or as a
lister, broker or agent for the sale of manufactured homes, without being licensed as a dealer as
provided in section
Subd. 3. Display of license.
No person shall act as a dealer or manufacturer unless the
certificate authorizing that activity is prominently displayed on the business premises covered by
the license. Before moving to a new location from the established place of business occupied
when the license is granted, the licensee must first secure the commissioner's written permission.
To obtain that permission, the licensee must prove that the proposed new premises conform to the
requirements of section
327B.04, subdivision 4
Subd. 4. Net listing prohibited.
No dealer shall use or offer to use a net listing agreement.
Subd. 5. Broker or dealer arrangement of financing.
A dealer who is acting as a broker
for the sale of a manufactured home and who can arrange financing for the sale may charge a
separate fee for that service, if:
(a) the listing agreement does not require that the seller or buyer use the dealer's services
to arrange financing;
(b) in arranging the financing, the dealer will pay a fee or will guarantee all or part of the
buyer's performance to a third person; and
(c) the listing agreement clearly and conspicuously discloses the amount of the fee, the fact
that the fee is in addition to the dealer's commission and the fact that the seller and buyer are not
required to use the dealer's services to arrange financing.
History: 1982 c 526 art 1 s 9; 1983 c 142 s 9; 1983 c 216 art 1 s 56; 1986 c 444; 1995 c
202 art 2 s 29