A person owes a one acre parcel of land and owns a detailed manufactured home located on the property. The owner asks a licensee to list the property. May the licensee list both the land and manufactured structure on one listing? A: No. Only the land is real property. The licensee may only list the land. B: Yes. The licensee may list the land and the manufactured structure together. C:No. The land is real property and manufactured home is personal property. The licensee cannot list both of them. D: Yes, The licensee may list the land and manufactured structure together, but only if the principal broker also has a manufactured dealer licensee.
Added by Christopher M.
Step 1
In most cases, a manufactured home is considered personal property unless it has been permanently affixed to a foundation and the owner has taken steps to convert it to real property. Assuming the manufactured home has been converted to real property, the Show more…
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