But to engage in license related activities you need a license.An exemption would be if you were an employee of a company retained to run an apartment building and the employees were under direct control and supervision of a broker.

We don't do that and I don't know anyone other HML's that do.I would think its the opposite most require it few do not and its state specific as others have stated its to keep the lender from making an owner occ loan and to make sure its a commercial purpose loan which all but 12 states have declared are exempt from Dodd frank.12 states does not matter owner occ or not you still have to be state licensed and follow the state rules.Texas NO free flowing money there but not other states. 

If they fail to fulfill their duty, that exemption period can expire.

Thanks for the help...like I said, newbie here so excuse me if I don't have the correct terminology but here is a breakdown:$690 monthly mortgage payment$500 monthly escrow payment (taxes and insurance)Homeowners insurance is $974 annually and tax rate is 2.34% (the lowest around us) and I paid $4400 in taxes after Homestead Exemption last year.Not an upscale suburb, but quality homes and we benefit from being the "lowest on the totem pole" around us.

For example,  our house in Austin Texas is accessed in the $350,000 range and the property taxes are north of $11,000 including the Homestead exemption. 

.), regular maintenance, property taxes (no more homestead exemption) and things of that nature it will hurt.

This is the withholding certificate that will help determine if you are exempt from the FTB withholding or if the escrow company will be required to withhold.

(purchase tax exempt) so I attempted to purchase a furnace at cost at the local wholesale supply, but they would not even give me a price since I wasn't HVAC certified.

The portion that you live in may be subject to the primary residence exemption of sec. 121.

It sounds like you will not get a homeowner exemption from sale of the condo, so why pay taxes now?