Make sure the syndicator isn't breaking SEC rules by raising capital through an unlicensed third party.

Many state real estate agencies are taking the position that a finder is operating as an unlicensed broker in violation of state law.It is interested that you mention then late night infomercials.

I can often trade, or offer to pay for 1/2 their monthly fees, or sign up as an unlicensed assistant for access, etc.

Paying unlicensed people to do so is illegal here, especially when it's contingent on you purchasing the property.Bandit signs themselves depend on your city/local ordinances, so there's no answer better than telling you to ask your city, like Adam suggested, though what you have on the sign could also be illegal even if the sign itself isn't.

Sam, "taking Title" means OWNING the property into your name BEFORE you are allowed to sell it in Ohio (if you are not Licensed to Broker).I will be interested to hear if ANYONE (unlicensed) in Ohio has found it LEGALLY possible to Wholesale (by advertising property that they don't own) recently without "taking Title" first.

When acting as an agent, what are the restrictions vs. being unlicensed?

Hey @Matthew Haskins, The legal team just reiterated that the only funds in a closing can go from broker to broker - never an unlicensed agent.

here many of the managers actually have licenses with brokers, but that is not publicized. and there are managers that are unlicensed also.

Is there a real estate agent in the DFW area who would allow me to become an unlicensed assistant.Obviously, any MLS dealings (buying/selling) I would generate would go through you.

The unlicensed broker chiseled off 10K.