Florida mobile home dealers must �become licensed and get a surety bond before they can conduct business in the state. Getting licensed and bonded can be a confusing process, so keep reading to learn more about it.
Florida Mobile Home Dealers’ Licensing Requirements
Florida mobile home dealers submit an application through the Department of Highway Safety and Motor Vehicles. They can choose a license classification, mobile home dealer or mobile home broker. Dealers can sell both new and used mobile homes at retail or wholesale, while brokers can sell only used mobile homes at retail or wholesale. Mobile home dealers must get a license if they sell one or more homes in a twelve-month period.
Florida mobile home dealers’ license application is also used for various types of motor and recreational vehicle dealers. Information mobile home dealer applicants will need to include is as follows:
- Type of business (sole proprietorship, LLC, partnership, corporation, etc.)
- DBA name and business address
- Sales tax and federal employee identification numbers
- Names of all partners, owners, or members and contact information
- Copy of property lease or proof of ownership
- Fingerprints for each individual listed on the application
- Copy of dealer training course completion certificate
- Copy of certification from the Division of Corporations showing current business registration
- Original $25,000 surety bond
The full list of required information can be found in the application. Florida mobile home dealers must also submit a fee of $300 per business location plus $40 for the Mobile Home and Recreational Vehicle Trust Fund.�They must have garage liability insurance in minimum amounts of $25,000 combined single-limit liability coverage including body injury and property damage protection, and $10,000 for personal injury protection. Mobile home dealers must have their business location approved by a DMV representative, who can be contacted through their Regional Offices.
Surety Bond Requirement for Mobile Home Dealers
Florida mobile home dealers’ surety bond is a promise to the DMV and to customers that they are operating in accordance with the law. Should a mobile home dealer violate the Florida Statutes or any other applicable laws, the surety bond provides customers a way of seeking compensation for any damages. Dealers doing business legally and ethically should have no reason to use their surety bond, but neglecting the bond can result in being charged with a misdemeanor and facing up to six months in jail and fines of up to $500 per violation.
Did you learn that you’re ready to purchase a Florida mobile home dealer surety bond? Get in touch with Single Source Insurance and get bonded today!