It closes the loopholes used by most unlicensed brokers to skirt the law:475.43 Presumptions.

@Kunal Mishra,In some locations, the government takes a too-broad view of certain activities and classifies them under categories where they don't belong.Classic example is states which consider wholesaling - selling a position in a P&S contract - to be the same as selling the subject property and, therefore, considers the wholesaler to be acting as an unlicensed agent or broker (they're not, but I digress).Folks who have organized as LLCs and/or S-Corps sometimes use the SIC code associated with "Other Real Estate Related" business activities, rather than "pigeon hole" themselves into a restrictive niche.My $0.02 ...

I know that none of these replies will be legal advice and I should consult a lawyer, yada yada yada...However, can someone dissect this portion of Chapter 475.43 and explain what this may mean to them: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.I am understanding that there cannot be any contract or options which allows an unlicensed person to sell, lease or let real estate just because the contract says so.

With being licensed also comes additional disclosure laws that you didn't deal with being unlicensed when you want to buy a property or put it under contract for your benefit.There are customer roles and client roles as an agent.

BEFORE you deal with any unlicensed broker consider these ideas:1.

@Benjamin BarredoThe guru garbage and all the frauds and scammers on BP are promoting unlicensed brokering by the minute.

It was an illegal, unlicensed property and quickly learned to do everything the right way.Toronto has lots of opportunity, it's just not for your average investor.

Whenever you are operating in an unlicensed, unregulated arena, you are going to have to deal with a lot of ********. 

lot of Vancouver folks cross to PDX here is what the state of Oregon says about it.The Agency is well aware that unlicensed “wholesalers” are rampant in our jurisdiction.

As far as ten days, that is not unreasonable and much better than  the unlicensed FRAUDS AND SCAMMERS asking for 30 or 60 day "inspection period" while they are trying to find a legitimate buyer.