Unlicensed agents being charged in court

[Jay Hinrichs]

http://www.straitstimes.com/news/business/property/story/woman-charged-marketing-foreign-properties-without-licence-20140521

As many may know there is a huge sales effort over seas to sell US turn Key properties. And many if not most of those marketing the properties are no licensed. And in some instances they do not need licenses.  However not the case in this country...

I can see the same thing here in the US with all the flipping... by unlicensed folks getting paid off of the huds for marketing fee's etc.  Just like the Gov came down on the mortgage industry with Dodd Frank  it may be only a matter of time until states other than Ohio and Florida start to crack down on un licensed activity.

[Jon Holdman]

My long standing opinion is that wholesaling is nothing more than unlicensed brokering with some legal mumbo-jumbo wrapped around it to circumvent licensing laws.  And not nearly as lucrative as the gurus who teach it claim.  So that whole business is really about gurus fleecing newbies out of what little cash they might be able to scrape together.  A house cleaning is overdue.  Of course any new laws or regulations often have the unintended consequence of creating new guru opportunities.