That seems like an insane restriction on what you can do with your private property. What are they trying to protect against? People peddling lemons? There must be a better way.

I think what happened was auto dealerships successfully lobbied the state congress to raise the barrier to entry so they had less competition from private sellers.

Like if they try and sell it for more than they paid for it?

What if they end up selling it for more than it is estimated to be worth in something like blue book?

Is that considered profit?

Yeah.