Your mention of licensed and unlicensed rooms leads the read to believe that it is (more or less).  

Your liability is enormous and no amount of waiver will waive away your responsibility for accidents or other problems... not to mention that without a license, you won't be getting permits... which exposes you to a whole lot of potential mess.Shame on your agent for recommending an unlicensed contractor.

Since wholesaling is a form of unlicensed real estate practice in Michigan (albeit not prohibited....yet), it's worth it in my opinion. 

My $0.02 for what it is worth (& I'm speaking as a fellow licensed individual here, not as a BP mod) is that it's best to err on the side of caution and let the unlicensed folks draw the maps with the colors and grades - can't threaten to take a license away from someone that doesn't have one.

Based on my experience, A Transaction Coordinator is typically an unlicensed individual who fills out paperwork for a real estate agent.

Just like you wouldn't want to work with an unlicensed Realtor, Dr or Lawyer you do not want to work with an unlicensed property manager.

Agree with the others.In our experience almost half the contractors in Detroit are unlicensed, but expect to be paid in cash - as they are used to working on owner-occupied houses.

Then that is part of the problem - unlicensed contractors.  

After a month of searching, I found a unlicensed person to add a 1/2 bath, gut and renovate the entire house.

I concur, there are more shady and unlicensed contractors in CA than that of other states, but consumer protection is better if you hired a shady "licensed" contractor, just because they are bonded and could go after 15k with just contractor's license board claim and not going to court.