How do you know if the person is not exempt from licensure?

That's because the first year of PMI is pre-paid for loan set up, no returns.Good stuff guys.Probably won't have the seller carry backs, the 80/10/10 OO deals anymore unless the seller is exempt from the new requirements, then you have a servicing fees to contend with on the second too. :)

BINGO, no more due on sale-alienation issues as the law providing the use of the DOS exempts transfers accomplished for the purposes of estate planning. :) Next issue is the comingling of your funds, which include personal debts made by you personally, with company funds.

There will not be any liability unless they have already used their entire estate exemption of 5.34m each.Please ask if you need a further explanation.

Generally, a stay will be obtained and you can the continue with a FC, it's also a good time to show that there is no equity beyond the exemption, offer a tad bit for the keys and take a deed in lieu if that is appropriate. :)

401ks AND IRAs can be subject to UDFI/UBIT. 401ks are EXEMPT on real estate transactions.

Your friend is able to manage the properties because he is exempted from the licensing requirement as the owner of the properties.

There is no such exemption, in fact it's contrary to terms required.I'm tossing this all out from an RE note compliance view, I don't know if your MHs are tied down and considered RE or sitting on wheels, so take that into consideration.

I have never seen an elevation certificate exempt a home when it is in a FEMA designated flood zone even if it is above the flood level but I havent seen everything yet so I wish you good luck on that one.

Any individual, corporation, partnership, trust, joint venture, or other entity which sells, exchanges, or leases its own real property;What I don't see in the FL real estate brokerage code as an exemption is if a layperson can buy their own real property.