My business partner and I (both freshly passed the UT agent test) will need work work under the supervision of a Broker per state rules, but will have a fully independent company aside from working under the broker on paper. 

Section 3400.23 of the proposed rule provides that a loan processor is an individual who performs his or her duties at the direction of and subject to the supervision and instruction of a state-licensed loan originator.

Since I WILL have my license, and be under the supervision of a broker, I will be able to manage properties (I believe only residential properties without the commercial license).The issue I see myself having is actually finding someone willing to let me manage their property!

I have been in Real Estate since 2006 and am a Supervising Broker.

"All Salespersons must be sponsored and supervised by a licensed Broker.

The rule requiring clear and prominent identificationof the employing broker ensures that the public is made aware of the person or entityresponsible for supervision.

However, I could easily supervise once a week my projects.

Then, and ONLY then, market the property for resale.In MA, you cannot market a property that you do not own, unless you are a licensed real estate agent working under a supervising broker and have a signed marketing agreement with the owner.

Perhaps you could ask an investor friend in your local area who has done this type of work to give you a hand (once the tear out is complete) and to supervise what you're doing in exchange for dinner/drinks/pizza/etc.

Is the supervision direct, direct?