Document:

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                                                                    EXHIBIT 10.7

                                                                [EXECUTION COPY]

                      AGREEMENT TO ASSIGN TRADEMARK RIGHTS
                  AND LIMITED CONSENT TO USE CENTEX TRADEMARKS

      THIS AGREEMENT (this "Agreement") is entered into as of June 30, 2003 (the
"Effective Date") by and between Centex Corporation, a corporation organized
under the laws of the State of Nevada ("Centex"), and Cavco Industries, Inc., a
corporation organized under the laws of the State of Delaware ("Cavco"). Centex
and Cavco are hereinafter referred to as the "Parties."

      WHEREAS, the Parties have entered into a Distribution Agreement dated as
of May 30, 2003 (the "Distribution Agreement"); and

      WHEREAS, as part of the consideration of the Distribution Agreement,
Centex desires to assign, and Cavco desires to acquire, all right, title, and
interest in and to a number of trademarks that are owned by Centex.

      NOW, THEREFORE, for and in consideration of the mutual covenants contained
herein, and for other good and valuable consideration, receipt of which each
party hereby acknowledges, the Parties hereby agree as follows:

1.    DEFINITIONS

      1.1   "Assigned Marks" means the trademarks listed in Exhibit 1 and all
Intellectual Property Rights therein.

      1.2   "Intellectual Property Rights" means copyrights, patents (including
patent improvements), patent applications, trade secrets, trademarks, trade
names or service marks, pending trademark applications or existing trademark
registrations with the United States Patent and Trademark Office, or other
intellectual property rights (including common law rights) under applicable law.

2.    GRANT OF RIGHTS

      2.1   Centex agrees to assign all of Centex's right, title and interest in
the Assigned Marks to Cavco as set forth in this Agreement. In order to perfect
such ownership transfer, contemporaneously with the execution of this Agreement,
Centex has executed a separate assignment document to be recorded with the
United States Patent and Trademark Office. Centex shall reasonably cooperate
with Cavco in the filing and prosecution of the Assigned Marks if necessary.

      2.2   Centex promptly shall deliver to Cavco all documentation pertaining
to the Assigned Marks, including copies of all correspondence to or from
examining authorities regarding such Assigned Marks, trademark searches
pertaining to such Assigned Marks, and all correspondence with any attorney
involved in the preparation and/or prosecution of the Assigned Marks.

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3.    LIMITED CONSENT TO USE CENTEX TRADEMARK

      3.1   As soon as practicable, and in any event within six (6) months after
the Effective Date, Cavco, at Cavco's expense, shall remove any and all exterior
and interior signs and identifiers which refer or pertain to Centex. After such
period, Cavco shall not use or display the name "Centex" or variations thereof,
or other trademarks, tradenames, logos or identifiers using such name or
otherwise owned by or licensed to Centex which have not been assigned or
licensed to Cavco (collectively, the "Centex Trademarks"), without the prior
written consent of Centex. However, nothing contained in this Agreement shall
prevent Cavco from using the Centex name in public filings with governmental
authorities, materials intended for distribution to Cavco stockholders, or any
other communication in any medium which describes the relationship between the
Parties.

      3.2   Cavco shall have the right to use existing products, supplies and
documents (including, but not limited to, purchase orders, forms, labels,
shipping materials, catalogues, sales brochures, operating manuals,
instructional documents and similar materials, and advertising material) being
transferred to it which have imprinted thereon or otherwise use a Centex
Trademark, for a period not to exceed six (6) months following the Effective
Date. However, Cavco agrees (i) to use only such supplies and documents existing
in inventory as of the Effective Date and (ii) not to order or utilize in any
manner any additional supplies and documents which have imprinted thereon or
otherwise use a Centex Trademark.

      3.3   Cavco acknowledges and agrees that Centex does not consent to any
use of the Centex Trademarks by Cavco other than as provided above, and that no
license to use the Centex Trademarks has been granted to Cavco by Centex by this
Section 3. The provisions of this Section 3 provide only a limited consent from
Centex to Cavco to continue to display the Centex Trademarks on existing signage
and other items until the earlier of (i) six months from the date of this
Agreement; or (ii) the date Cavco fully complies with the provisions of Section
3.1, and for no other reason.

4.    WARRANTIES

      4.1   Centex represents and warrants that: (a) it is a corporation duly
organized, validly existing, and in good standing under the laws of the State of
Nevada and has full power and authority to enter into this Agreement and perform
its obligations hereunder; (b) immediately prior to the execution of this
Agreement, Centex owns all right, title and interest in and to the Assigned
Marks; and (c) it has the legal right to grant all the rights it purports to
grant and to convey all the rights it purports to convey pursuant to Section 2.1
above.

      4.2   Cavco represents and warrants that: (a) it is a corporation duly
organized, validly existing, and in good standing under the laws of the State of
Delaware and has

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full power and authority to enter into this Agreement and perform its
obligations hereunder.

      5.    GENERAL

      5.1   Entire Agreement. This Agreement constitutes the entire agreement of
the Parties with respect to the subject matter hereof, and to the extent that
this agreement is inconsistent with any prior agreement(s) between the Parties,
the terms of this agreement are to control.

      5.2   Amendment. This Agreement shall not be amended or otherwise modified
except by a written agreement dated subsequent to the date of this Agreement and
signed on behalf of Centex and Cavco by their respective duly authorized
representatives.

      5.3   Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of Texas.

      5.4   Assignment. This Agreement shall be binding upon and inure to the
benefit of the Parties hereto and the Parties' respective successors and
assigns.

      5.5   No Waiver. No waiver of any breach of any provision of this
Agreement shall constitute a waiver of any prior, concurrent or subsequent
breach of the same or any other provisions hereof, and no waiver shall be
effective unless made in writing and signed by an authorized representative of
the waiving party.

      5.6   Savings Clause. If any provision of this Agreement shall be held by
a court of competent jurisdiction to be illegal, invalid or unenforceable, the
remaining provisions shall remain in full force and effect.

      5.7   Further Assurances. The Parties agree to take such further action
and execute, deliver and/or file such documents or instruments as are necessary
to carry out the terms and purposes of this Agreement.

      5.8   Section Headings. The section headings used in this Agreement are
intended for convenience only and shall not be deemed to supersede or modify any
provisions.

      IN WITNESS WHEREOF, the Parties have executed this Agreement as of the
Effective Date.

CENTEX CORPORATION                          CAVCO INDUSTRIES, INC.

By:  /s/ MICHAEL S. ALBRIGHT                By: /s/ JOSEPH H. STEGMAYER
   -------------------------                    -------------------------
Its: Senior Vice President                  Its:President and Chief Executive
                                                Officer

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                                    EXHIBIT 1

                                 ASSIGNED MARKS

                                      CAVCO
                                   CAVCO HOMES
                                    SUNBUILT
                                    VILLAGER
                                    SUN VILLA
                                   CEDAR COURT
                                    WESTCOURT
                                     WINROCK
                                    CATALINA
                            CAVCO GOLD KEY GUARANTEE
                                     SAGUARA
                                      ELITE
                                   DESERT ROSE
                                    SUNBURST
                                  CAVCO CABINS
                                    AAA HOMES
                                CAVCO HOME CENTER<PAGE>

                                                                    EXHIBIT 10.8

                        ADMINISTRATIVE SERVICES AGREEMENT

      This ADMINISTRATIVE SERVICES AGREEMENT ("Agreement") is made and entered
into as of June 30, 2003 by and between CAVCO INDUSTRIES, INC., an Arizona
corporation ("Cavco"), and CENTEX SERVICE COMPANY, a Nevada corporation
("Service Company").

                                 R E C I T A L S

      Cavco desires to engage Service Company to perform certain services for
Cavco as hereinafter set forth, and Service Company desires to accept such
engagement, upon the terms and subject to the conditions set forth in this
Agreement.

                                A G R E E M E N T

      NOW, THEREFORE, in consideration of the premises and the mutual covenants
set forth herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Cavco and Service Company do
hereby agree as follows.

      1.    Term of Agreement. The initial term of this Agreement shall extend
from the date hereof to the close of business on the third anniversary of the
date hereof; provided that this Agreement may be sooner terminated in accordance
with the provisions of Section 8 hereof.

      2.    Services. Service Company shall provide to Cavco such services as
are described in Exhibit A hereto. Following the conclusion of the first year of
the three year term of this Agreement, the parties will implement a mutual plan
to discontinue the Services provided hereunder by Service Company to Cavco
incrementally over the remaining term of this Agreement so that by the end of
the three-year term all of such services will be provided internally by Cavco,
or to Cavco by third parties not affiliated with Service Company.

      3.    Insurance Coverage. At the commencement of this Agreement, Service
Company will manage and monitor all of Cavco's insurance and bonding programs,
and shall maintain joint insurance coverage, including general liability,
primary and excess umbrella, automobile, liability, and workers' compensation,
as well as joint bonding programs, for the benefit of Cavco. The amount, term
and conditions of coverage to be maintained will be determined by Service
Company in its sole and absolute discretion. The allocation of cost between
Cavco and Service Company will be determined by Service Company and will be
based on, among other things, revenues, number of employees, types of business
and nature of risks. The parties intend that Cavco shall

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develop its own broker relationships and transition to stand alone programs when
such a transition is feasible at reasonable cost.

      Cavco will pay its allocated cost to Service Company within ten days
following receipt of an invoice therefor. If payment is not made within said
ten-day period, then the amount so owing by Cavco to Service Company shall bear
interest from and after the date of such invoice until such amount has been paid
in full, at a rate (the "Interest Rate") equal to the lesser of the prime rate
announced or published by Bank of America, N.A. (or its successor) from time to
time or the maximum rate of interest permitted under applicable law.

      Service Company shall have the right during the term of this Agreement, in
the sole and absolute discretion of Service Company, to amend or eliminate any
part or all of the insurance coverage described above, with a corresponding
adjustment to the cost allocated to Cavco. Service Company will give Cavco at
least ninety (90) days advance notice of any such action.

      4.    Liability of Service Company. Service Company shall not be liable,
responsible or accountable in damages or otherwise to Cavco for any act
performed by Service Company on behalf of Cavco in a manner reasonably believed
by Service Company to be within the scope of the authority granted to it by this
Agreement and in the interest of Cavco, provided that Service Company was not
guilty of gross negligence or willful or wanton misconduct.

      5.    Indemnification. Cavco shall indemnify, save harmless and defend
Service Company and each of Service Company's shareholders, directors, officers,
employees, agents, attorneys and insurers (each individually, an "Indemnitee")
against any and all losses, damages, liabilities, judgments, fines, penalties,
amounts paid in settlement and expenses, including reasonable attorneys' fees,
which are incurred, whether as the result of the negligence of any Indemnitee or
otherwise, as a result of or in connection with anything done or omitted by such
Indemnitee in connection with the performance by Service Company of its duties
and obligations under this Agreement; provided that such Indemnitee's conduct
did not constitute gross negligence or willful or wanton misconduct.
Notwithstanding anything in this Agreement to the contrary, the obligation of
Cavco to indemnify, save harmless and defend each Indemnitee will survive the
expiration or termination of this Agreement, no matter what the reason thereof,
and such obligation to indemnify, defend and hold harmless will remain binding
upon Cavco thereafter.

      6.    Compensation. Service Company shall receive a fee for its services
under this Agreement of $75,000 per year, which shall be paid by Cavco to
Service Company in monthly installments of $6,250 within five (5) days after the
end of each month. Such fee is intended to represent an agreed upon estimate of
the fair market value of such services, and the parties hereto hereby agree that
such amount represents such fair market value. If Cavco fails to make such
monthly payment within ten (10)

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days following the first day of any month, the amount so owing by Cavco shall
bear interest from and after the first day of such month until such amount has
been paid in full at a rate equal to the Interest Rate. Prior to March 31 of
each year during the term of this Agreement, the parties will mutually
determine, based on the fair market value of such services, the monthly fee to
be paid to Service Company under this Agreement for the twelve month period
commencing April 1 of the same year.

      In addition to the monthly compensation described above, Cavco will
reimburse Service Company for all out-of-pocket expenses incurred by Service
Company in connection with the performance of services described above in
Section 2. Out-of-pocket expenses will not include general and administrative
expenses.

      7.    Assignment and Delegation. This Agreement shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and
assigns; provided, however, that this Agreement may not be assigned by either
party without the prior written consent of the other party hereto. Any consent
granted by either party to an assignment by the other party shall not be deemed
a consent to any subsequent assignment. Notwithstanding the foregoing, Service
Company may, without the consent of Cavco, assign and delegate the performance
of and the responsibility for any duties and obligations of Service Company
hereunder to any corporation, firm joint venture or partnership fifty percent
(50%) or more of whose voting stock (or its equivalent) is owned directly or
indirectly by, or which is otherwise controlled by, Centex Corporation. Upon
execution of any such assignment and delegation, notice thereof in the form of
an executed copy of the document or instrument effecting such assignment and
delegation shall be delivered promptly by Service Company to Cavco and Service
Company shall be released from any further obligation or responsibility under
this Agreement for the performance of the duties and obligations so assigned and
delegated.

      8.    Termination. This Agreement may be terminated by any of the
following methods:

      (a)   This Agreement may be terminated at any time by written agreement of
            the parties hereto.

      (b)   If either party fails to make any payment due hereunder or breaches
            any of the other terms of this Agreement in any material respect,
            the other party hereto shall give the breaching party written notice
            of such breach. If the breaching party fails to remedy the breach
            within thirty (30) days after receiving such notice, the other party
            may terminate this Agreement; provided, however, that if at the
            expiration of such thirty (30) day period the breaching party is
            diligently using its best efforts to remedy the breach, the other
            party may not terminate this Agreement on account of such breach
            during the additional period, not to exceed sixty

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            (60) days, in which the breaching party continues without
            interruption to use its best efforts to remedy the breach.

      (c)   If either party hereto shall be dissolved and its business
            terminated, this Agreement shall automatically terminate upon the
            effectiveness of such dissolution.

      (d)   This Agreement may be terminated by notice of Cavco to Service
            Company delivered no less than thirty (30) days prior to the
            effective date of termination, and such notice may be delivered for
            any reason.

      No termination of this Agreement shall have the effect of terminating
Service Company's right to collect any amounts owed to it under this Agreement.

      Within thirty (30) days following the termination of this Agreement,
Service Company shall deliver to Cavco all instruments, documents, reports,
books, accounts and records, and copies thereof, that Service Company has
received from Cavco in connection with the rendering of services hereunder.

      9.    Confidentiality. Service Company agrees that any information
regarding Cavco that Service Company obtains or is furnished in connection with
the performance of its duties and obligations under this Agreement, including,
but not limited to, information regarding Cavco's business and operations, is
confidential and proprietary, and Service Company agrees to maintain the
confidentiality of such information and not to disclose such information to any
other party without prior written consent of Cavco, except to the extent that
such disclosure is necessary to enable Service Company to perform its duties and
obligations under this Agreement or to comply with its legal obligations.
Information that is generally known in the industry or to the public or was
known by Service Company prior to disclosure by Cavco pursuant to this Agreement
shall not be deemed confidential or proprietary information for purposes of this
Section 9. The terms of this Section 9 shall survive, and remain in effect
following, the termination of this Agreement.

      10.   Notices. Any notice, statement or demand required or permitted to be
given under this Agreement shall be in writing and shall be personally
delivered, sent by mail, sent by nationally known overnight courier service or
sent by facsimile transmission, confirmed by letter, addressed to the party in
the manner and at the address shown below, or at such other address as the party
shall have designated in writing to the other party:

      To Cavco:
             1001 North Central, 8th floor
             Phoenix, Arizona  85004
             Attention:    President
             Fax: (602) 256-6176

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      To Service Company:

             2728 North Harwood
             Dallas, Texas 75201
             Attention:   Secretary
             Fax: (214) 981-6855

      11.   Nature of Relationship. The parties hereto intend that Service
Company's relationship to Cavco shall be that of an independent contractor.
Nothing contained in this Agreement shall constitute or be construed to be or
create a partnership or joint venture between Service Company and Cavco or their
successors or assigns, and neither Service Company nor any officer or employee
of Service Company shall be considered at any time to be an employee of Cavco.

      12.   Amendments. This Agreement cannot be amended, changed or modified
except by another agreement in writing, duly signed by both parties hereto.

      13.   Entire Agreement. This Agreement constitutes the entire agreement
between the parties with respect to the subject matter hereof.

      14.   Headings. The section headings contained herein are for convenience
of reference only and are not intended to define, limit, or describe the scope
or intent of any provision of this Agreement.

      15.   Governing Law. This Agreement shall be construed and interpreted in
accordance with the laws of the State of Texas.

      16.   Severability. Any provision of this Agreement that is prohibited or
unenforceable under the laws of any jurisdiction shall be ineffective in such
jurisdiction to the extent necessary to render such provision valid and
enforceable, and if such provision cannot be rendered valid and enforceable in
such jurisdiction by limitation it shall be ineffective therein. The invalidity
or unenforceability of any provision of this Agreement shall not render invalid
or unenforceable any other provision of this Agreement, unless the Agreement
without the invalid or unenforceable provisions would be manifestly unfair to
either party.

                            [Signature page follows.]

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      IN WITNESS WHEREOF, the parties have executed this Agreement as of the day
and year first set forth above.

                                        CAVCO INDUSTRIES, INC.

                                        By: /s/ JOSEPH H. STEGMAYER
                                            --------------------------------
                                            President

                                        CENTEX SERVICE COMPANY

                                        By: /s/  MICHAEL S. ALBRIGHT
                                            ----------------------------
                                            Senior Vice President

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                                                                       EXHIBIT A

                SERVICES TO BE PROVIDED BY CENTEX SERVICE COMPANY

1.    LEGAL AND CORPORATE SECRETARY.

      a.    Management of intellectual property rights in protected names and
            marks used by Cavco

      b.    Assistance with paralegal management of customer litigation with
            consultation by Centex Law Department attorneys as requested

      c.    Assistance with public company reporting issues and required filings
            with and reports to stock exchanges and the Securities and Exchange
            Commission, and assistance with corporate governance matters

      d.    Keeping minute books, foreign qualifications and other corporate
            secretarial matters

2.    PUBLIC AND INVESTOR RELATIONS.

      a.    Review and distribution of press releases through existing resources
            and relationships.

      b.    Advice on an as-needed basis

3.    ACCOUNTING. Advice and assistance with technical questions on an as-needed
      basis

4.    BENEFITS ADMINISTRATION.

      a.    Assistance in management of Cavco's health and welfare and
            retirement benefit plans

      b.    Assistance with negotiation and transition of health and welfare and
            retirement benefit plans into separate stand-alone plans.

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