This would put their status as a HUD agent in jeopardy and open themselves up to potential violations at state level allowing an unlicensed person perform the actions of an agent.

Unlicensed broker with outrageous asking price.

Are they a licensee or an unlicensed broker?

That is EXACTLY what is wrong with most unlicensed brokers.

Many unlicensed brokers operate illegally and do exactly that.

Secondarily someone pointed out to me that you would want contracts of 30+ days in order to not have your local government say that you are running an unlicensed hotel and not charging hotel tax or something along those lines.

Hire on as a unlicensed assistant for top producing agent. ( get paid to learn)

or a person that has a good sense of the market, is able to see a lot of properties, has the skills and abilities to scope, bid and execute a project, is legally allowed to contract with subcontractors directly, is legally able to negotiate municipal permitting rules and is legally able to carry the GL insurance to cover against injury and loss at a level unavailable to unlicensed folks?

If you sell the property, then the owner can pay the wholesaler whatever he wishes, but remember that it is a violation of federal law for a licensed person to pay an unlicensed person in a real estate transaction.Tread very carefully.

The Agency is well aware that unlicensed “wholesalers” are rampant in our jurisdiction.