Yup I was waiting to see if anyone caught that for sure they are either operating completely illegally or just not real. another pump and dump due diligence off shore scammer is how it appears I could be wrong.. but if you need an NMLS registration and a state license and your in business and you dont prominently display it on the first page of your website your in deep Kimchee

I get the feeling that you are missing something, so please tell me if I'm mistaken.You have created a situation where there are no consequences for bad/illegal behavior.

That's a lot of free money.Sure, I made a whole lot of assumptions about the market (and the investor behavior to not try to time the market), but overall I am more likely to be right than wrong. 

Additionally, each segment exhibits different behaviors.

If you’re advertising for services that require a real estate license - IE representing buyers and sellers - you need to have your name, license number, and brokerage logo prominently displayed on the marketing piece.Now, what most licensees DON'T know is that there is another section of code that is for licensees advertising for services that DO NOT require a real estate license - IE purchasing a home.

also website like propertyiq.com would reveal the owner, it used to be much more complicated before this website display the hidden public info.

The low vacancy rates results in good tenant behavior (statistically, but there are exceptions). 

However, yes this is all part of the business, but if we allow people to do this type of behavior, then we will get more of it.

Let the broker know that you are unwilling to have any contact with the agent due to his unprofessional behavior. 

Much like the anti-student vibe I see locally it may not be about wording but re-casting the discussion around behavior and expectations.