In terms of prosecuting the case,I think it would have only made a difference if the case had been stronger from a liability standpoint such that the conversation before trial would have been how many millions had to be paid.

That said, it only mitigates risk from prosecution for violating the rule.

Any person who engages in or follows the business or occupation of, or advertises or holds himself or herself out as or acts temporarily or otherwise as a broker or salesperson in this state without a license under this chapter shall be prosecuted by the district attorney in the county where the violation occurs or by the attorney general and may be fined not more than $1,000 or imprisoned not more than 6 months or both.

They put a metal plate on top of the storm drain telling dumpers they would be prosecuted to the fullest extent of the law.

@Ned Carey  I just ran into my first one of these.. owner has property and stops paying.. bank never prosecuted foreclosure .. so after a certain amount of years the loan sunsets..

Having a license doesn't change anything....it's fraud if you represent yourself as an owner occupant the don't occupy it and hud Does prosecute these, and many other competing investors will drop a dime on you for it.

there is a reason NY notes trade like this and that is the time lines for prosecuting the foreclosures.Not sure how long it will actually take but a lot can happen to an asset in 2 to 3 years while you run it through the process. 

They also refer these cases out to the state attorney's office for possible prosecution.

I enter into all of my leases with the assumption that I will have to provide supporting evidence to a court to prosecute an eviction and likewise to defend a claim by my tenant.

The chances of getting prosecuted are miniscule, but complaints could tarnish your reputation.