The memo also notes that, "Under this pilot contract, Host agrees to identify and provide location and advertising data on a total of 3,500 unlicensed properties by February 2020...The department expects to initiate enforcement action against all 3,500 properties identified."

here goes...protecting the consumer (sellers) from "de facto brokerages" was the main reason for the new law. licensees have to make certain disclosures that unlicensed wholesalers don't and the Realtors Assoc does not like this. they made a comment along the lines of, "we want a licensee in every transaction."

I have no idea if you need it or not wholesaling, but no matter how retarded this war between brokers and "unlicensed wholesalers" is, the last thing you want is set up this entire wholesaling empire and you find out it is illegal.

That's because licensees are highly regulated and are held to legal and ethical standards, where unlicensed wholesalers are not.I've personally witnessed clients nearly get screwed out of over $120,000 by a wholesaler. 

Only the true owner of a property may sign a listing agreement and all commission must be paid directly to a licensed CT broker...not to an unlicensed entity.

While many state laws provide for an executor or others unlicensed party to assume the business, there are time limits to wind up affairs.

In one state where I do deals, I would tell the judge, "That contract is copyrighted, must be licensed by a broker, and would be illegal for me -- as an unlicensed person -- to use."

The unlicensed assistant may exercise no discretion over the language used to complete the blanks on a rental agreement, but may only write words dictated by the property owner, designated broker, or managing broker.Provide information about rental units, leases, lease applications, security deposits, and rental amounts to prospective tenants.Assist in property management functions by carrying out administrative, clerical, financial, or maintenance tasks.Unlicensed assistants may NOT… Advertise that they are engaged in the property management business.Hold trust funds.

If you are a licensed broker, make sure you know the rules in your state for compensating unlicensed finders.

A year ago, I rented a house from a deputy sheriff acting on behalf of an out of state owner.    We made improvements to the property with the permission of the deputy and now that the home is lovely, they want to evi...