Me personally, as an unlicensed agent taking my P n P course, I find it informative and the author is very knowledgeable about real estate.

Having an unlicensed STR opens you up for fines. 

This was in today's email from the Indiana Association of Realtors Reminder: License Required for Property ManagementThe Indiana Real Estate Commission reports a high number of unlicensed people involved in property management and asked us to help with outreach.

With Mass real estate prices, you should (not will, bit should) be within $70,000 - except for the 20% of cases where the error is larger.It is a truly useless number because as @Brad Hammond said, they don't know if the house has just undergone a down-to-the-studs luxury renovation, or if it desperately needs one because the ceilings are about to cave in because the pipes froze and destroyed the interior.PS - unlicensed wholesaling is illegal in Mass. 

I have been researching wholesaling over the past few weeks, and have been preparing to go after my first deal very soon, and I came across a post on a forum saying that in my state, (Maine) "unlicensed wholesaling is Illegal in Maine with fines of up to $2,000 and forfeiture of all profits."

Illinois passed a law last year you need a real estate license to engage in any kind of bringing a buyer and seller together period.Ohio has laws against unlicensed activity as well.. 

It would violate the State law for an unlicensed person to get a commission in the brokering of a real estate transaction --- its a regulated business. 

I have heard of unlicensed business owners attaching a finder's fee form.

PSA for syndicators: The SEC has published a proposal for unlicensed capital raisers (people with no broker dealer license) to get paid transaction-based compensation.

So means we have to give him more cash to complete.Later we found out actually the scope of work he only did 40%, yes ,he steal half of our money.Then Rene emailed to R and S to request them to terminate the JV, S present both our LLC and their LLC signed company name and date , however nobody’s signature on the termination JV, Rene and I didn’t sign though. they also signed and notarized the lien waiver and release then emailed to us.S also claimed that she will put 5k to the house to complete , no proof that ever happened.And then S brought second unlicensed contractor J on board, they both lied to us he is licensed . we signed contract 40k ish to finish the house , 3 phase .And 10k to put appliance /AC is excluded.At first I wanted the rehab money should be like :I wire to contractor business account directly and we wanted pay 50% upfront and the balance we pay upon complete.However S insisted the rehab money has to wire to her personal account and she will pay to the contractor ,she said contractor don't want to talk to us ,just want to work with her, if she manage the project ,we have to wire her money and let her to do the work ,so we wired 50k ish to her.The second contractor J quit at phase 2 and S showed me the check that she paid J 2 phases full amount $29k even contractor didn’t finish the job, S blame on contractor J and they are not longer working together so she can not get him back to finish the job or refund the unfinished job money.And then she hired third contractor to finish the house , cuz the money has already spent most of it, therefore the house is incomplete when we put in the market.