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Regulated property

Regulated property is the term Dallas uses in its City Code for the kinds of goods covered by its dealer rules, which include new or used jewelry and crafted precious metals.[1]

Under those rules, a business that buys regulated property for resale and gets enough of that inventory from the public counts as a dealer and needs a license, with recordkeeping and holding duties attached.[1]

The Dallas guide explains the test and the duties in full.

The same kinds of rules exist in other cities under different names, so the vocabulary changes from place to place even when the duties are similar.

Related terms

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Compliance guideWhat's specific to Dallas

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Sources

  1. Dallas City Code Sec. 39B-2 (Definitions); Chapter 39B - Dealers in Regulated Property. (5) CRAFTED PRECIOUS METALS means JEWELRY; SILVERWARE; ART OBJECTS; OR ANY OTHER THING OR OBJECT CRAFTED; IN WHOLE OR IN PART; FROM GOLD; SILVER; PLATINUM; PALLADIUM; IRRIDIUM; RHODIUM; OSMIUM; RUTHENIUM; OR THEIR ALLOYS; BUT DOES NOT INCLUDE COINS; BULLION; OR BARS of such metals. (9) JEWELRY means GEMS; JEWELS; AND OBJECTS MADE OF PRECIOUS METALS THAT ARE WORN FOR ADORNMENT; including stones removed from a mounting. (6) DEALER means any person; OTHER THAN A PAWNBROKER; PAWNSHOP OR OTHER BUSINESS LICENSED UNDER THE TEXAS PAWNSHOP ACT; who (A) PURCHASES REGULATED PROPERTY FOR RESALE OR SALVAGE USE; AND (B) OBTAINS MORE THAN 25 PERCENT OF THE VALUE OF THE PERSON'S TOTAL INVENTORY OF REGULATED PROPERTY FROM A SOURCE OTHER THAN AN AUTHORIZED VENDOR OR MANUFACTURER - BOTH LIMBS. (2) AUTHORIZED VENDOR means a commercial supplier who deals in the WHOLESALE DISTRIBUTION of regulated property in the ordinary course of business. (16) REGULATED PROPERTY means new or used (A) automobile accessories; (B) business machines; (C) CRAFTED PRECIOUS METALS; (D) electronic equipment; (E) firearms as defined by state law; (F) household appliances; (G) JEWELRY; (H) motorcycle accessories; (I) musical instruments; (J) photographic equipment; (K) power tools; or (L) sporting goods - A CLOSED LIST WITH NO GENERAL SECONDHAND-GOODS CATCH-ALL. (8) HOLD NOTICE means notification by the chief that a person may not sell; redeem or dispose of regulated property that has been identified as potentially stolen or HAS A DEFACED IDENTIFICATION NUMBER. (15) PURCHASE means a transaction in which a person TAKES TITLE to regulated property in exchange for valuable consideration. (17) SALVAGE USE means extracting or isolating component parts for later use; including melting; pulverizing and compacting. NOTE FOR A WATCH DEALER: the chapter is scoped BY CATEGORY rather than by a general class of used goods. A gold or platinum watch is crafted precious metals and is also jewelry; whether a STEEL or titanium watch is within either definition is not addressed by the text; since jewelry is defined as objects MADE OF PRECIOUS METALS — retrieved 2026-09-23