The idea is to minimize risk wherever possible and we civil engineers specialize in recognizing risk because we've been screwed by every rule you can imagine.

In their case, it reached a point in their litigation where the judge allowed the contractors to open up other cases involving this homeowner and other contractors.

There are many pros, but two cons that seem most prominent in my mind of the bat: 1) getting a license doesn't make you an expert out of the gate, even with MLS - an experienced real estate agent can guide you into an emerging market that you might not know about vs. an obvious, saturated market, for example, or explain why a comp only .2 miles away is actually no good for your prospective purchase, among other things 2) if any litigation were to arise in your r.e. business, having a license will almost undoubtedly mean you are held to a higher standard, probably with respect to any aspect of the deal. 

@Amber Stevens, as @Jay Hinrichs mentioned in CA anyone buying preforeclosures needs to know Civil Code 1695 inside and out... http://codes.findlaw.com/ca/civil-code/civ-sect-16...

It's illegal for them to back out of a binding contract if they signed it but going through litigation is expensive and timely. 

Simple question for those of you more entrenched in the real estate world.Im a civil engineer, and i work for large developers and REITs in NYC.

Be civil/nice about it, but make sure you get proof that they received the Notice.

@Taye Nguyen California being a deed state has, if you are the winning bidder, a year litigation period. 

This community is seriously removed from civilization, but also the home to four universities / colleges.

I've got tenants going through a "seperation" right now that both parties are on the lease, so far they are civil with each other and have remained together in the unit.