I'd never do birddogging because I think its on really shaky ground vis a vis unlicensed brokering.

The specifications, drawings, contract documents, and permits must be made a part of the sale transaction.If you wish to work as an unlicensed builder/remodeler your only alternative is to own the house until the work is done.Lot's of people make money buying and fixing, then renting or reselling property.

(All monies exchanged in a real estate transaction must be reflected on the Hud-1 statement).This rule mainly applies to unlicensed individuals who mis-represent themselves as possessing valid licensing or, to individuals who work within real estate brokerages but are not licensed.Here's an interesting gray area....

In my very breif, dissatisfying stent with this company I wittnessed unlicensed subcontractors do such substandard and sloppy work that I had to call the building inspectors of the cities, county, and state that I was working in to speak my mind as to the activities of this awfull company.

These subpoenas shall be served upon the unlicensed individual personally or by any type of mailing requiring a return receipt and shall include a statement of the manner in which the unlicensed person shall be required to respond to the commission.B.

I have have heard that only if the rep pays then that might be considered illegal, because he is a licensed person paying a un-licensed person, but what if it comes from the Seller?

Which, IMHO, is nothing more than unlicensed brokering.

In my state (NC) agents can't pay referrals to unlicensed people... so unlicensed REI are out of luck.

A REALTOR takes an oath and is sworn to a higher ethical standard and if an agent screws up, it is much more likely they will be pursued than if an unlicensed investor makes the same mistake.In addition to the above, not all wholesaler's stick to wholesaling.

In addition, I was under the impression that it was also illegal for a licensed agent to require a buyer to get pre-approved through a specific lender/broker, though an agent can require a pre-approval.It's also worth pointing out that an unlicensed seller has every right to require anything they want from a buyer in terms of financing, including specifying the lender, requiring a pre-approval from a specific lender, etc.