As far as the low barrier to entry goes I agree that it would be nice to not have any dope be able to get licenced easily.I think the 4 year degree is silly.

Fictitious, or artificial, persons are business entities such as LLCs, Corporations, Partnerships, etc....

Hi Larry N.Working with agents/realtors locally in SLO or LOAI like to have the agent realtor out of the deal (listing expires), but other LO REIs disagree.Many agents realtors do not like you making money with home sellers IN ANY WAY.If you are...Leasing as a principalOptioning as a principalAssigning as a principalAnd you are not getting a fee for service....You dont need a licence.THIS IS MY OPINION.There are some states that it is just easier having a licence, such as CA.

Technically you DO NOT need a real estate licence to do wholesaling but make sure to check your state laws with a lawyer.

I would imagine there is much I don't know about it in Australia too.As far as my experience shows you must have a licence to act as a real estate agent or a real estate sales representative. http://www.austlii.edu.au/au/legis/sa/consol_act/laa1994108/s6a.htmlThis is also helpful.http://www.cbs.sa.gov.au/wcm/licensing-and-registration/occupational-licensing-and-registration/how-to-apply-for-a-licence/electronic-licence-application-forms/But it does point to the fact that you need qualifications.Sorry I couldn't be of any more help.Alison

I signed up for real estate school because it is only around $500 with everything to get ur licence with testing.

I do my own deals and the licence really restricts what I can and can not do- say etc...It is not about the money really, giving up 5 or 6% of a deal is fine with me...

If you go sole-proprietor route I would suggest you obtain a Fictitious Business Name (or DBA - doing business as) so you can start building brand for your services.Being sole-proprietor will enable you to qualify for a Solo 401k and then invest your retirement funds.

I am also in school to obtain a Real Estate Licence.

I am assuming you are not licenced in VA.And you said that your friend wanted you to help find tenant buyer for your friends property.If you want to be legal and help your friend, do this way.One, act as a principal in a transaction and get a letter of intent from your friend that says that you have act as principal in a transaction, your friend understands that there is risk in the transaction, and you will sell your interests in a lease with an option agreement to a buyer.If you don't act as a principal in transaction, and do a favor for someone, your acting as a licensed agent, and it's illegal.