I'm in the middle of RE Licensing class and we just went over that it is actually illegal for an agent to provide finders fees to unlicensed people.

The wholesaler is an unlicensed agent facilitating the sale of a property they do not own.

At some point in the future, should you wish to get licensed, having a sustained complaint on your record for unlicensed brokering could jeopardize your ability to obtain one.

I'm seeing unlicensed PM functions.But those are some SERIOUS NUMBERS! 

Here in southern California there's a HUGE problem with unlicensed contractors that are illegally in the country.

Regardless of your arguments, most are just unlicensed operators acting as brokers.

Until recently, I was an unlicensed assistant to my investor friend who had her realtor's license.

I finally got fed up on is this legal to assign contracts or not.here is her answer" The Agency is well aware that unlicensed “wholesalers” are rampant in our jurisdiction.

Unfortunately, most of those types won't learn anything because of all the unlicensed brokers cheerleading on the sidelines.

I explained to him to watch out for the unlicensed broker frauds, and explained the weasel BS clauses they use, so in the event he decides to take another offer he won't get run down by one of those scumbags.