A Realtor is just a designation you get for joining NAR and paying their dues. 

Others on BP have posted that their Brokers of Record are not okay with it.The NAR COE doesn't prevent you from doing wholesaling from my understanding, but it does require you to be at least be honest and you should disclose. 

Median Sales price in all of San Diego County is $729K (includes DET & ATT) and solely for SFR we're up to $840K

To answer your final question what could the NAR do?

Realtors in particular have been trained on this and between the NAR and local realtor associations, there is no excuse for people not knowing. 

It seems you're covered on time so then it's a matter of ability to pay up front costs like MLS membership, NAR membership, some marketing costs, and miscellaneous office costs. 

But according to NAR guidance, this is now grounds for discrimination based on fair housing laws. 

The only part I am not sure about if the market will "correct"; I believe it is much more likely that it will level off.The reason I believe that is affordability - the NAR publishes an affordability index; basically how much of a median household incoem is needed to buy a median home with 10% down.

I did nights and weekends over about 3 months but was still waiting on the RE Commission's approval to take the test for yet another 3 months after I finished the prep course.Once licensed and joining a brokerage you'll be required to invest about $1500 more in MLS membership fees, NAR membership fees, lockbox code fees, office fees, just a long long list of fees that will feel like a swarm of mosquitoes attacking your checking account, and for a student I guarantee that won't be a good feeling.Starting out as a realtor will be overwhelming, confusing, discouraging, and quite frankly flirting with buyer's remorse about having gotten into the field to begin with. 

Really the only people that do is NAR, and they are already actively involved in litigation on the issue.