Real Estate License VS Dealer License

[Algie Horton]

Hi everyone! I'm at the very beginning of my journey of real estate investing. I have taken an interest in manufactured homes and am trying to learn about it. But I'm confused about something. I live in Illinois and I'm trying to understand the laws. If I wanted to wholesale or flip manufactured homes where the land is owned, I need my real estate license to do that because the home is considered real property. But I've read that if I am trying to wholesale manufactured homes where the land is rented, I need to get a dealer's license if do do more than 4 deals because the home is considered personal property. However, it seems like there's a lot of people out there doing this without a license. I would be very appreciative if someone could help me get a better understanding of what licenses I need. 

Thanks! 

[David M.]

@Algie Horton

In NJ, Realtors can broker the sales of mobile homes. I haven’t done a transaction, yet.  But in talking with co-workers and other agents, it’s sort of like any other real estate transaction except closing is at the DMV since Title to the property is transferred there since it’s still a vehicle.

Hope this helps.