Terry Mclain is it correct that all property managers in Iowa must be a real estate licensee, unless they are a resident manager (or owner)?

They can be a non-licensee, licensee, HML...it doesn't matter.

The Agency’s investigations are complaint driven, so we rely heavily on the public, and our licensees to bring these individuals to our attention.

Does anyone have any resources/people to talk to on doing sub2 or AITD/wrap deals as an agent in a state that requires all deals where the licensee is a principle in a Real Estate transaction to be brokered by the principle broker in the office the licensee is associated with?

If caught, the realtor or other licensee would lose their MLS access, their license, and would be liable for any damages in case someone booked a showing and robbed a property. 

Agents have a larger target on their backs than non-licensees.

But as a licensee myself, I can also tell you that nothing in the training or education most realtors get exposes them to the needs of the investor buyer/seller.

But not all licensees are Realtors!

If the transaction came about because of the efforts of the agent performing their duties and activities, such as advertising or making introductions to the parties, that agent will be due compensation under that original agreement.It is illegal for an agent to accept any compensation without an agency relationship being established, it is also illegal for any agent to pay compensation based on any sale price or splitting commissions to any other party who is not a licensee.

I have a real estate salesperson license but am not practicing or affiliated with any broker. I am looking to get started in short sales and have a partner who will negotiate the shorts with the lenders. Basically, I ...