I I learned how to fly years ago in about 10 hours I soloed.. but I was not licensed I had a student license after passing physical but you still needed to take the big test and a flight test to be legal and get your wings.Real estate for most folks is their most important or biggest financial asset they have or will have and now you have all these unlicensed yahoos running around with little to no education many with very suspect morals etc .. trying to bring buyer and seller together for compensation..

The poster who is third from direct to the principal who has a tape of loans to sell and wants 3 points on top for himself The DSCR unlicensed "broker" who has zero experience.

What would YOU do if your PMC used an unlicensed and/or uninsured vendor and they caused a personal injury situation with a tenant that led a tenant to sue you?

Although AB-968 doesn’t specifically mention “licensed” contractors, the state of California already stipulates that “anyone who contracts to perform work that is valued at $500 or more in combined labor and materials costs must hold a current, valid license from CSLB” (source: CSLB).With AB-968, if work is performed by an (un)licensed contractor in an amount that exceeds $500, disclosing that entity’s or individual’s name and contact information becomes a legal requirement.

It is clear the client here is better off handling both materials and labor sourcing himself.In some of the states contemplated for the project, the law seems to suggest you can only build anywhere from 1 to 4 number of homes as an unlicensed owner builder during a span of 1 or 2 years (sometimes more) and without a general contractor; so the client in this case is not retaining a general contractor because they have some problem sourcing for materials or labor.

A savvy investor will impute a negative inference to the fact that Spark is unlicensed, cannot legally make investment recommendations and owe you no sort of duty (fiduciary or otherwise) to put your financial interest ahead of their own. 

Actively licensed rental permits can transfer to new owners but unlicensed properties will be subject to a waitlist currently 100+/- permits over the new maximum.

Homes with active permits can transfer to the new owner but unlicensed properties will need to wait for a license until the currently active rentals drops by roughly 100 licenses.

@Mike HernOk so they are unlicensed / uninsured escrow agents.

So it's not an outright zero tolerance ban but described by the city council members as getting a reign on the unlicensed hotel operations and commercial activity in DC.