7 CFR 1955.129
§ 1955.129 Business brokers.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 1955.129, § 1955.129 Business brokers, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/29235
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Full text
The services of business brokers or business opportunity brokers may be authorized by the appropriate Assistant Administrator in lieu of or in addition to real estate brokers for the sale of businesses as a whole, including goodwill and chattel, when:
(a) The primary use of the structure included in the sale is other than residential;
(b) The business broker is duly licensed by the respective state; and
(c) The primary function of the business is other than farming or ranching.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.