As used in this chapter, unless the context otherwise requires:(1) “Real estate broker” or “broker” means (A) any person, partnership, association, limited liability company or corporation which acts for another person or entity and for a fee, commission or other valuable consideration, lists for sale, sells, exchanges, buys or rents, or offers or attempts to negotiate a sale, exchange, purchase or rental of, an estate or interest in real estate, or a resale of a mobile manufactured home, as defined in subdivision (1) of section 21-64, or collects or offers or attempts to collect rent for the use of real estate, and (B) any person, partnership, association, limited liability company or corporation employed by or on behalf of the owner or owners of lots or other parcels of real estate, at a stated salary, upon commission, upon a salary and commission basis or otherwise to sell such real estate, or any parts thereof, in lots or other parcels, and who sells or exchanges, or offers, attempts or agrees to negotiate the sale or exchange of, any such lot or parcel of real estate;

I did the coursework to get my RE license at Keller Williams and liked the team atmosphere there and focus on developing agents, but commission splits were more favorable to part-time investors like myself at brokerages like Fairfax Realty and Samson.

Also try to line up a few investors you can turn some deals onto for your Realtor commission.

Since the applicable laws are state specific, I recommend you invest in getting the legal opinion and advice of a well informed attorney with an in-depth knowledge of the laws, rules and regulations promulgated by the state real estate commission before commencing your wholesaling business model.

Agent makes commission.  

What is known thus far:- I have to have a RE license in order to manage properties for third parties when accepting commissions for bookings.

It is pretty cool to get a commission when you buy, and you don't have to do too many deals for family and friends to break even/make a little.

Examples of income of this type include income from hourly workers with fluctuating hours, or income that includes commissions, bonuses, or overtime.History of Receipt: Two or more years of receipt of a particular type of variable income is recommended; however, variable income that has been received for 12 to 24 months may be considered as acceptable income, as long as the borrower’s loan application demonstrates that there are positive factors that reasonably offset the shorter income history.Examples of positive compensating factors that we like to see (1-3 will generally do it)...Employed in same line of work.Makes sense from a common sense perspective, like someone is returning to the workforce after being a stay at home parent for a while.Recently finished some training or education program that lines up with the new line of work.Low DTI.Great credit.Income trending upwards. 

Not to mention the commission I (hopefully) earn can serve as capital input to future investments.That being said, I would like to focus my career as an agent on investment properties.

They aren't finding any of these leads for us and mostly doing errands but I just don't want to fall under the BRE thumb as paying commissions to an agent or some unlicensed activity (i don't know all the rules).