On July 22, 2007 there was a new law that went into place that required a contractors license to sell a home with in 12 monts of purchasing it. Fortunately, the Department of Labor and Industry has not completed the regulations to enforce it but these regulations should complete in 2008. As it stands right now you need to be a licensed contractor to sell your home with in 12 months of purchasing it. These means buying land and building on it and then selling with in 12 months. This means buying a home fixing it up and selling it with in 12 months.  I believe the new regulations will explain this law in greater detail but as for now we need to read it literally. The intent of this new law is to stop investors from buying a home doing repairs to the home that are sub-standard and then selling it without the buyer having any recourse on the one who performed the work. Now a buyer can use a failure to register as leverage in any claim or dispute. The consequences as it stands right now is a gross misdemeanor and punashable up to a year in county jail and a fine of $5,000. Each property is a seperate offense. So, if this describes you I suggest consulting a real estate attorney on what do as a "flipper" and as a buyer. This blog is not intended to be used as legal advice but make the public aware!