Examples of 'wholesalers' who got caught (google Ohio Real Estate Commission Disciplinary Action Taken in 2021 and follow first link):[Name Withheld] (2021), unlicensed individual from Blanding, Utah was assessed a $1,500 fine for marketing a property for sale for others in the Dayton, Ohio area.

For example, if you were to use an unlicensed handyman that made a poor repair, if at some point in the future it is discovered due to a new issue, you could be responsible to tear it all out and correct the handyman's work.

@Tracy LeClairIf you put your LLC and you are not licensed as a property manager you also could put yourself in more legal trouble as the managers of the LLC operating an unlicensed pm firmIn these situations keep the LLC out and get a good umbrella policy

@Laura Heckenberg on small multi, a lot of the owners live close by and manage themselves, so a lot of time you won’t see management fees, and low maintenance expenses because they repair a lot themselves or use unlicensed contractors for repairs. 

They will stop reporting issues; they will make half-way repairs that will ultimately result in more damage; they will use unlicensed people for critical technical repairs such as electrical, appliance, plumbing repairs, and even substandard flooring or other repairs that could cause injury.

Aside from pointing out again what @Don Konipol stated (licensed brokers can not legally pay referral fees or commission splits with unlicensed parties or risk losing their own license), why would a licensed broker need you to find then a deal unless you own the deal and are willing to sell?

All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserved. 

Unlicensed people should not engage in these activities for another owner to avoid fines/liability.

What’s more, you aren’t acting as an unlicensed agent (something else that has proven rather divisive).

Of course, you need to "test" them yourself before blindly taking their recommendations, but it is a better starting point than using unlicensed people, or the cheapest guy and his truck that you can find.