What is the limited dealer's license used for?

The limited dealer's license is specifically established to allow non-financial entities to engage in the sale of manufactured homes. This type of license is designed for businesses that are not primarily involved in financial services but want to participate in the manufactured housing market by selling homes directly to consumers. The licensing ensures that these entities comply with specific regulations and standards set forth by state authorities, which helps maintain the integrity of the housing market and protects consumer interests.

In contrast, the other options refer to functions or roles that do not align with the purpose of a limited dealer's license. For instance, financial institutions are already regulated under different licensing frameworks that cater to their particular services, such as lending and financing. Managing rental properties typically requires a property management license, which is distinct from that of a dealer in manufactured homes. Lastly, temporary housing solutions may involve various permits and certifications but do not fall under the limited dealer's license's primary function, which focuses on the sale of manufactured homes.