Right now, I am working on my last required course (Real Estate Finance) to take the Texas Real Estate Licensee exam.

@Danny Pena, I'm also a real estate licensee and investor in Central Florida.

The licensure is much harder, and much more expensive that a supervised lending license, and the rules under which a licensee operates draconian to say the least.

The guidelines provide a safe harbor such that voluntary compliance will not subject licensees to DRE challenge.

Pay attention to (21) (b) and (d) i & ii.(21) (a) engaging in an act of loan modification assistance that requires licensure as a mortgage officer under Chapter 2c, Utah Residential Mortgage Practices and Licensing Act, without being licensed under that chapter;(b) engaging in an act of foreclosure rescue without entering into a written agreement specifying what one or more acts of foreclosure rescue will be completed;(c) inducing a person who is at risk of foreclosure to hire the licensee to engage in an act of foreclosure rescue by:(i) suggesting to the person that the licensee has a special relationship with the person's lender or loan servicer; or(ii) falsely representing or advertising that the licensee is acting on behalf of:(A) a government agency;(B) the person's lender or loan servicer; or(C) a nonprofit or charitable institution; or(d) recommending or participating in a foreclosure rescue that requires a person to:(i) transfer title to real estate to the licensee or to a third-party with whom the licensee has a business relationship or financial interest;(ii) make a mortgage payment to a person other than the person's loan servicer; or(iii) refrain from contacting the person's:(A) lender;(B) loan servicer;(C) attorney;(D) credit counselor; or(E) housing counselor.

You should be contacting prospects, buyers or sellers, disclosing you are a licensee and your affiliation or status.

You can be a Mary Kay Consultant, you can be a Home Decorating Consultant but consulting in RE matters will be seen, mark my words, as a licensee function in every state.

Generally states have some way to gain reciprocity (honor other states licensees) or to get licensed easier if you are already licensed elsewhere.

What have other Licensees done?

I just recently got started with "We Buy Houses" as a licensee so I can't answer directly just yet.