Here's one: I turned in an unlicensed broker promoting "virtual wholesaling" for advertising property in Florida.

Flipping is a JOB and you must continue to keep an income stream The same is true of acting as an unlicensed broker and assigning contracts.

I have talked to enough attorneys regarding activities of being a licensed real estate agent and how the Bureau of Real Estate in Sacramento views unlicensed activities.Either get your license or have a licensed agent - broker in your LLC, that's my advice, if you are doing  lease option Dios, subject to deals, or wraparound AITD deals.For cash deals, no license needed.

Many of these unlicensed brokers operate illegally.

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

They are most likely not going to allow an "assignment fee" to an unlicensed agent.

I would be very careful if you are dealing with an unlicensed broker.

If/when times get tough, like in 2008, and you can't repay, any good lawyer you hired to protect yourself will go after your lender for predatory lending, improper/unlicensed lending, and various loopholes in the bad paper you and your lender found off the internet (or stationary store -- Yikes!!).

It is set in stone already that an agent can hire an unlicensed assistant that can access the MLS in most MLS areas.

I found the property through a referral from a friend (unlicensed).