So, property management, construction, etc, and related expenses can be written off on your taxes; another nugget.In order for the IRS to recognize you as being in business your need to have the ability to link money to a source\an activity and once that is accomplished you can begin to write off expenses that are ordinary and required for your business.Now, I'm sure i am butchering the quote, but I think the just of it has been conveyed.Now, my question is, if my first business is land-lording and my 2nd business is, lets say flipping, or wholesaling, do I need to have separate everything; i.e. bank accounts, corps etc, following her logic, to apply her interpretation of the tax code correctly?

I am afraid some newbie is going to interpret that as, to go do a deal before they are ready and then get burned.

For instance, I interpret the below state as saying if you have a RE license and aren't sponsored by a broker you are limited in the capacity that you can act. 

I'm an interpreter/translator down here as well as an MMA fighter.

It is my interpretation (Florida) that agents must disclose agency in advertising (buying, selling, seeking listings, etc).

The CA rule for franchise tax (if broadly interpreted) is that a CA resident is liable for CA franchise tax for any LLC operated anywhere.

That said we can all read the statutes a hundred times over, until we are in front of a judge who decides how to interpret that law, we really don't know exactly what is legal or not. 

Since @Ed B. has not seen fit to clarify what could be interpreted as his libelous description of me "screwing the buying public" and engaging in a "total scam", and I want to offer the following comments:These are the facts:In Massachusetts - and as far as I know, every other state - a client's real estate agent, whether buyer's or seller's agent, is required both by law and by ethics to represent the client's best interests. 

If you start in on internet research, you could find a heck of a lot of numbers and info that you won't necessarily know how to interpret.

@Keith HarrisHi Keith, thank you for your offer to look at the docs, as they are difficult for me to interpret.