Second there are ongoing expenses, fees and dues that will quickly eat up the profit from a hand full of deals.

Doesn't the CREC specifically state you need a license for any activity where you collect a fee or compensation?

If I have it set in the lease agreement that any violation of a rental property agreement will be assessed a $100.00 fee, do I need to give the tenant a warning letter for cease and desist first? 

You should be okay as long as you don't get some type of management fee.

This is because the agent will not have to collect their fee from their buyer.

The rates and fees are higher than conventional (but in your case, you're not going to qualify for conventional, so that's not a consideration) and in our case, there is no requirement for tax returns or pay stubs so it's an easier qualification.Please colleague request me.ThanksStephanie

On the other hand, I also know the cons about getting licensed, which is having to disclose (could be a pro or con), all of the fees and continuing education courses, etc.

Do you offer a referral fee or are you interested in a joint venture for leads on home sellers who want to sell fast?

Have you factored in realtor's fees and closing costs?  

If you are a licensed real estate agent you should have taken their referral fee for referring them to Opendoor. 0.75%