I have been licence in 4 different states over a 10 year period, and it wasn't until I got licensed in Kansas a few ago did I start making some good income.

Here is a link to where a couple was prosecuted for putting properties in land trusts and selling them without being licenced in the State of Ohio.http://www.com.state.oh.us/real/documents/2007Summer.pdf

REI:I talked to a very successful investor/CPA who told me to forget about LLCs and instead set up a Fictitious name(also known as Doing/Business/As), which is less expensive, a lot less paper work at tax time, and the same protection.

I hold a licence here in tx.and one in nj.

Not that I'm TRYING to do anything illegal, but actually trying to find out what to watch out for.For example, I've been told that in double closing, it's important that the seller and buyer don't physically meet or you may be considered a broker and require a licence.

If only they knew that they are forcing you to get your Broker Licence and take even more money from them...maybe you should bring that up in your next conversation :)

The contractor Is Licenced and the work with permit.

As a hypothetical: "Betty, who has a gambling habit, has been taking $x,xxx,.00 a month from 7 client's accounts through fraudulent invoices and payments to a fictitious company.

After she left, I glanced over the forms and saw that she did not put in her SSN or Drivers Licence info.

Former professional on-line poker player, currently own a Home Inspection company and recently got my Realtor's licence.