If you're an unlicensed investor, I guess your conscience is your guide.

When I tried to buy a brokerage franchise, as an unlicensed majority owner, the franchise said 'no' because they required franchise owners to be licensed and owner/operators. 

Go to myfloridalicense.com, click on unlicensed activity, and then "search unlicensed complaints".

Unlicensed brokers playing games are NOT landlords.

@Ji Choi Typical wholesaler / unlicensed broker garbage.  

The end conclusion was that I was not acting as an unlicensed agent and I did have proper equitable interest in the houses I was wholesaling.

Perhaps I could tout the benefits of using an unlicensed offshore servicer (in Nigeria) to do your servicing? 

Handyman is slang for unlicensed contractor .You have to remember management companies are for profit businesses , They arent going to get 3 bids for the little jobs under $5000 , too much time meeting guys to bid , they pick up the phone and call their regular contractor and ask 2 questions , how much ?

I am an unlicensed hard money lender (legal in my jurisdiction - no broker license needed for non-owner occupied) and have a substantial sum of notes that I have lent upon.Problem: Need to raise more money to continue lending w/ current clients, but probably can't sell the note via assignment of note & deed of trust because I'm not a broker.

I know that I as a licensed agent am only legally allowed to pay a referral fee to another licensed agent, and not to anyone unlicensed.