If they are doing hourly or salaried work that is not "the practice of real estate", then you're fine.For anything that falls within "the practice of real estate" in your state, you most likely would have to pay their broker/brokerage - so they would need to have a sit down with their broker about how the fees would be allocated between the broker and the agent on the receiving end.In California, the practice of real estate is defined as:"a person who, for a compensation or in expectation of a compensation, regardless of the form or time of payment, does or negotiates to do one or more of the following acts for another or others:  (a) Sells or offers to sell, buys or offers to buy, solicits prospective sellers or puchasers of, solicits or obtains listings of, or negotiates the purchase, sale or exchange of real property or a business opportunity.

That sort of practice can be justified in real estate development, but I highly doubt you'll find someone willing to do that sort of thing while lending you money to flip a house.

I'm not a lawyer, nor am I an expert on laws/practices where you are, but I believe some places have pest-specific laws.

However, that may not be practical given current goals.

It won't get you anywhere fast and icebreaking with fellow investors is good practice for dealing with sellers and buyers.Hope to see you at REIAofOakland.com:)

Nikki:It is a good practice.  

In pure accounting practice, ONE journal entry is used for the transaction (call it move-out) regardless of how many line items are required (say damages, past-due & deposit refunds). 

Are there any online practice exams?

I'm on a fact finding mission to determine the best way to start a new company for short term rentals and trying to determine the best practices to do so.What is known thus far:- I have to have a RE license in order to manage properties for third parties when accepting commissions for bookings.

I keep getting these wrong on my practice exam and I can't find a solid answer.