Henri Corbusier It's doable, especially for that kind, yes 100/sf is tough when everyone else is charging 150/sf for addition, doable, not impossible, but tough. it needs to be in-house, unlicensed contractors, owner builder, and cheapy materials (im talking about clearance or phased out), 99 cent flooring/tile, etc.

Since I hold an active license in Texas, is this illegal for me to receive a referral fee from the investor (unlicensed) that is not through my broker (aka not splitting it)? 

Host doest have a license to operate a hotel -- do you really want to be in a car operated by an unlicensed driver? 

Its like the restaurant business... public health and safety is of concern... that is why you sometime have inspections, so they can know whats going on; are they violations that endangers the public etc... but if you are running an unlicensed restaurant out of your house, off the grid, no one knows whats going on.

Last week we had a big hail storm in my area and the adjuster came out today and said they are going to put a new roof on along with some new siding and gutters.My realtor said they are going to sign something to show they are going to replace it, but it more than likely will be done after the closing.My concern is that the seller is going put a lesser value roof on or hire an unlicensed roofer and try to pocket some of the insurance money.I have already asked for a copy of the insurance adjusters report and I plan to ask which roofer they plan on using and make sure they are licensed as well as ask for their write up of the work that is needed.Any advice on how I should proceed?

That said, your state may be one of several cracking down on unlicensed brokering and as such, a double close may be needed but that has nothing to do with your profit.

The term "wholesaling" if often used by unlicensed brokers trying to middle-man deals for a profit.

You MAY be liable for the purchase if the unlicensed broker deal falls through.

Many of the unlicensed broker scammers never tell the WHOLE truth.

BEFORE you deal with any unlicensed broker consider these ideas:1.