The Ability to get a property under contract and avoiding an act or practice that requires a real estate license. .

I am sure your trainer has never mentioned this.Most hide behind equitable interest theory which is great but when its a scheme its selling RE without a license plain and simple.when your buying for your own account that's fine.. you close you own you do with them what you want.And I get it on hoarder houses I bought 5 in the last year that were not saleable accept for cash I am not even sure a HML would loan on them LOL.. so folks are kind of stuck I get that.but like your said lots of bad actors in this realm.

Why are you so eager to defend the entire category, when it includes so many bad actors?

Peter Schiff is at best a fool and at worst a malicious troll exploiting people's fears to sell his newsletter.

Anywho, AR Code, chapter 42, Sub 1, under definitions defines acting as a broker for someone as:(10) "Principal broker" means an individual expecting to act or acting for another for a fee, commission, or other consideration who:(A) Sells, exchanges, purchases, rents, or leases real estate;(B) Offers to sell, exchange, purchase, rent, or lease real estate;(C) Negotiates, offers, attempts, or agrees to negotiate the sale, exchange, purchase, rent, or lease of real estate;(D) Lists, offers, attempts, or agrees to list real estate for sale, lease, or exchange;(E) Auctions, offers, attempts, or agrees to auction real estate, or participates in a real estate auction;(F) Buys, sells, or assigns or offers to buy, sell, or assign or otherwise deals in options on real estate or improvements to real estate;(G) Collects, offers, attempts, or agrees to collect rent for the use of real estate;(H) Advertises or holds himself or herself out as being engaged in the business of buying, selling, exchanging, renting, or leasing real estate;(I) Assists or directs in the procuring of prospects calculated to result in the sale, exchange, lease, or rent of real estate;(J) Assists or directs in the negotiation of any transaction calculated or intended to result in the sale, exchange, lease, or rent of real estate;(K) Engages in the business of charging an advance fee in connection with any contract whereby he or she undertakes to promote the sale or lease of real estate either through its listing in a publication issued for such a purpose or for referral of information concerning the real estate to brokers, or both; or(L) Performs any of the acts described in this subdivision (10) as an employee of or on behalf of the owner of, or any person who has an interest in, real estate;

The basic idea is that if the officer or shareholder of a corporation commits the wrongdoing, then the victim can hold both the corporation and the actor liable.

There are ways to insulate yourself from bad actors and as time goes by we have fewer and fewer issues.