., loans that follow Fannie Mae or Freddie Mac guidelines.)

All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserved.History.

Harjeet Bhatti I thought was just for conventional Freddie Mac, before March 2017 (when it changed).

Conventional loans are governed by Fannie Mae and Freddie Mac (if you recognize those names).  

@Peter Mac, I appreciate the encouragement!

Meaning a loan that is governed by Fannie Mae or Freddie Mac (if you recognize those names).  

I know that none of these replies will be legal advice and I should consult a lawyer, yada yada yada...However, can someone dissect this portion of Chapter 475.43 and explain what this may mean to them:All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter.I am understanding that there cannot be any contract or options which allows an unlicensed person to sell, lease or let real estate just because the contract says so.

On hold with a Freddie Mac homepath lender.  

Is it me or does anyone else find that banks are not giving up deals Hud properties, Fannie Mae  and Freddie Mac,  all seem to be over priced or at market value. 

@Aaron KaminerYes, fannie mae /freddie mac set a limit of 10 loans.