Can a licensed agent, partner on a JV fix/flip deal?

[Ramsin Jacob]

Talking with my lawyer, he tells me there are implications where a licensed agent can fall into legal trouble and possibly lose their license if they are involved within the fix/flip deal? Is this true? I have a property under contract with my LLC entity, so technically, it's my LLC purchasing, not me. I have a possible partnership on the table where the partner funds the deal 100%. If any replies, please focus on the aspect of boundaries on licensed agent involved in the deal, versus the 100% funding aspect. Any words of wisdom is appreciated, thank you.