Because i always get a brage of replies on here telling me that for an unlicensed person (bird dog) to recieve a commission for locating a property is illegal in most states.

I would like to hear from experienced investors (licensed or unlicensed) what their opinions are on the matter.

Some of the investor-friendly Realtors will let you become an unlicensed assistant so that you can run you own comps and do your own due diligence.

Drive down a street of apartments or 4-plexes and you will be able to pick out those managed by "licensed profesionals" and those managed by "Unlicensed investors" who care about their property investments!

Wholesalers are unlicensed, though, so work around the licensing regulations by taking possession.Some titles are regulated in some states.

The public can be 'steered' away by the greedy Realtor wanting to make a higher comission.Yet, the same public giving away a MUCH bigger piece of their equity to a Real Estate Investor-Wholesaler (unlicensed, btw) is fair and just?

., from collecting a "referral fee", but not unlicensed parties that are ungoverned by a larger entity, i.e., Association of Realtors.

We are both Brokers, I am 50 and hubby is 70, so it would be very difficult to BS us, we only work with honest people as we made lots of money with one operation but cut them off since they were using an unlicensed "contractor" which is very dangerous.

I've heard that insurance companies, even if your work isn't the cause of a failure, will deny coverage (after a claim) if unlicensed people do / have done work in a building in violation of code.

The very few times I have done it, it has always been the day of closing.Most investors don't want it on the HUD because they don't want it to appear like they were acting like an unlicensed broker.