Then that buyer buys the property for $120,000 and $100,000 goes to the seller and $20,000 the wholesaler.There's a decent amount of criticism of wholesalers that they are acting as unlicensed wholesalers.

This is a perfect example of what is wrong with unlicensed brokers.

No boats, trailers, RVs, off-road vehicles, unlicensed/unregistered vehicles, project cars, etc.

Hey @Deuce Thevenow,Chances are you won't be able to use an unlicensed contractor if you are doing any kind of traditional rehab loan.

APPRECIATE :)Lol to be fair your explanation to Jay of what you are doing with the whole wholesaling thing more or less proves he had you pegged right on the money.YUP JIm just another unlicensed wholesaler  LOL.. 

The judge will chew him our for working unlicensed, he will also chew you out for not paying attentionSo if he doesn't have a license, he won't have a Bond.

It also indicates that your contractor is likely unlicensed, as few licensed and legit contractors will open themselves up to the liability of an unpermitted job. 

They were hand drawn by an old-school unlicensed engineer when wet stamped by a licensed architect.

Florida is increasingly aggressive about unlicensed brokering. 

The tricky part about giving realtors leads as a wholesaler is that since wholesalers are not licensed, it is technically illegal for licensed agents to pay unlicensed parties who play a role in the deal.