Average commissions rise as part timers leave the industry and the number of licensees shrinks.In theory you should be trying to build a business that flourishes regardless of overall economic conditions.

Additionally your brokers E&O insurance likely just covers induvial licensees and not corporate entities, so you will likely then need to purchase E&O insurance for the LLC.

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.

Licensee Test was around $100.

In certain states, you are able to hire a non licensee to oversee your properties.

Selling is a different matter, ANY profits split with a non-licensee is the splitting of proceeds, compensation.

Taking the prerequisite classes and passing the state real estate exam, background check, and license application screening makes you an inactive licensee.

Even with a contract you cannot market the property UNLESS you are a licensee.

As a new licensee, you can work at a PM company to start the the clock ticking on the experience requirement to become a BIC yourself.

http://www.dre.ca.gov/Licensees/RenewLicense.html