Should I Make My Agents License and/or CPA license Inactive for Wholesaling?

[Burt L.]

I obtained my Agents license (broker in colorado) to do fix and flips, but have had some medical/financial setbacks and am not in a position to wait six months or so for the cash flows of fix/flips.

I am beginning to look at wholesaling directly with sellers as the local MLS doesn't have the opportunity that it earlier had, and I don't have a strong desire to do short sales or be a retail broker. I do like access to the mls, being able to see properties' listing histories, doing comps, seeing interior finishes online, and viewing property without needing a chaperone of sorts.

This probably boils down to what type of transactions I will do. Brokers in Colorado aren't allowed to do owner carries with sellers, or sandwich lease options, to name a couple, and it interferes with direct marketing for wholesales due to the required disclosures that come with being a broker.

As to the CPA license, I havent been in public accounting for some time now, but the 80 hours of continuing education every two years helps me to keep up with tax law and other related financial topics. It also helps in obtaining financing, but may put me at risk in working directly with sellers. Another local broker who holds a CPA license I've spoken with says she needs an additional signed disclosure with each client to show she isn't providing financial services in the capacity of a CPA.

There are many restrictions on agents/brokers and it seems that those who don't have a license have so many more business avenues available and don't have to turn people off by making broker/realtor disclosures when acting for themselves as an investor.

Many people mention being an unlicensed assistant, and I do have a friend with a brokers/agents license who doesn't use it or even have MLS service, but I wouldn't want to put his license at risk, if it would put him at risk through my working directly with sellers.

What is the general "breaking point" for when a person should make their license(s) inactive? If previously sounded like a good thing to have when I had the ability to buy/rehab/sell from a stronger capital position. MLS deals for wholesaling are more rare now and working directly with sellers seems to be more viable now.