This will help the formula to reflect that a medical doctor would have a higher hurdle compared to a short order cookPutting it to the test with some made up numbers.

Other than just passing your test, there will be other requirements to open a "brokerage".

It takes years of experience working in construction to qualify to take the test for a Class B license.

If you meet the four parameters of the Howey test, you are treading on thin ice.1. investment of money due to2. an expectation of profits arising from3. a common enterprise4. which depends solely on the efforts of a promoter or third party.If your deal looks like this, then you must register or use an exemption, especially if you have solicited your investors using the mail or the Internet.See SEC vs W.

One thing i've seen a few people mention here is that you should run test ads about a mobile home deal before actually buying the mobile home.Question: How would you go about doing that?

Here's a simple test.

Your property wouldn't pass the test..

Also, one of the posters created this video explanation:http://www.123flip.com/wp-content/uploads/Test/50RuleFinal.htmlthat simplified it a lot as some of the forum posts can get a bit convoluted at times.

All that tells me they made a very poor financial decision and can't get a job in their field.Jacking up MLS fees don't make sense to me either since you will new agents who are building their business and you eliminate a ton of investors that only have a license for MLS access.What they should do is increase the initial training, make the test hard, and make CE requirements tougher.This kind of changes will make it so an agent actually knows more about REAL ESTATE, which is the point right?

I regret not getting mine (I even took the class... i just never took the test!)