On February 4, 2025, the Oklahoma State Legislature introduced Senate Bill 529, a legislative proposal aimed at regulating the sale of manufactured homes within the state. The bill seeks to clarify the definitions and responsibilities associated with manufactured home dealers, particularly in the context of auctions, estate liquidations, and real estate transactions.

Key provisions of Senate Bill 529 include stipulations that allow sellers to direct and control the sale of manufactured homes during auctions or estate liquidations without requiring a dealer's license. Additionally, it specifies that licensed real estate brokers and sales associates can engage in the buying and selling of manufactured homes that have been converted into real property as part of their business operations. The bill also outlines that individuals who acquire manufactured homes for personal use, rather than for resale, will not be classified as dealers, although they may use a single manufactured home as a sales office.

A significant aspect of the bill addresses the sale of repossessed manufactured homes. It permits lienholders to sell these homes without needing a dealer's license, provided that any individual involved in the sale, who is not a full-time employee of the lienholder, must be licensed as a manufactured home dealer.

The introduction of Senate Bill 529 has sparked discussions among stakeholders in the manufactured housing industry. Proponents argue that the bill simplifies the regulatory framework, making it easier for individuals and businesses to engage in the sale of manufactured homes. However, some critics express concerns that the bill may lead to a lack of oversight in the market, potentially exposing consumers to risks associated with unregulated sales.

The economic implications of this bill could be significant, as it may encourage more transactions in the manufactured home market, potentially benefiting both sellers and buyers. However, the balance between facilitating sales and ensuring consumer protection remains a critical point of contention.

As the legislative process unfolds, further debates and potential amendments to Senate Bill 529 are anticipated. Stakeholders will be closely monitoring its progress, as the bill's outcomes could reshape the landscape of manufactured home sales in Oklahoma.