Some states may require only licensee's be able to collect a fee.

That is a lot to take in, even as a previous RE licensee (since 1999), but I have been out of it since 2006 so I have missed the "schooling" of all the short sales and REOs.

The agreement shall include a licensee's duties and responsibilities specified in section 339.740 and the terms of compensation."

I don't believe this would be legal where I am, as its essentially a licensee agent paying a referral to someone unlicensed, non-principal and undisclosed, all of which is illegal.

This will likely be argued just as they similar thread was concerning using only a listing agent, could have sworn you participated in that thread Derreck, maybe not.IMO, as I stated a few days ago, it's not a good idea for a "newbie" who is rather unaware of what that Realtor's role is to deal with a good agent without representation.My father is a licensee, yes he's still at it, I help now and then, so I have done REOs both ways, with and without representation and I have seen no real difference in my market.

I believe the intent of these types of laws is to keep new real estate licensees from jumping right in and working with the public independently when in reality you really still do not know what you are doing!!

I've been in attendance.Plus Nevada passed new legislation last summer regarding real estate licensees and property managers hiring of licensed and unlicensed workers.

Reciprocity generally is reserved for nonresidential licensees whose primary practices are in their home state.

Here's a note (straight from the Ohio Division of Real Estate) that he shared with our investing team about a month ago:This was in this month's Division Of Real Estate newsletter.BEWARE: Seminars That Teach Unlicensed Real Estate ActivityThe Division’s Enforcement section wants all licensees and the general public to be aware of individuals, groups, training seminars, coaching programs or otherwise, which may be providing instructions on how to circumvent real estate license law.

As a licensee, you can ethically wholesale properties on the mls, which they won't teach you directly in the licensing course, but with the license you can team up with a mentor who can show you how to do this.