Dorraine the key is whether you are working under a brokerage or licensee.If you are not working for a brokerage but a corporation as an employee and are a manger you do not have to be licensed.The company you work for should have an attorney interpret the rule.There are gray areas of the code subject to interpretation.Them being wishy washy has been my experience as well.In general law when a statute is ambigous (not clear) that part which is not clear is held to be unenforceable most of the time.What the GREC us trying to avoid is giving you legal advice.When you call them their answer if anything is questionable or unknown they will say NO.That doesn't mean they are correct they are just playing it safe.This is why many companies run things through their attorneys to make sure what they are doing is in compliance with the laws and statutes as stated.

I have gone to the tax & foreclosure auctions several times and there is quite a bit of risk involved with purchasing the unknown.

I hear from everyone that the very first one is the hardest and I think that with the unknown lingering combined with the lack of experience it absolutely is.

Theft, vandalism, inappropriate behavior, etc..Bad behavior is FAR more of an issue with Open Houses, when the Prospective Buyer's are unknown to the Agent.

I'd have no problem offering $135K for that property, stressing the risks and unknown costs of dealing with the seller's crappy tenants.

A possible $ 48,000 hit on one hand versus a free call to clear the unknown on the other hand should be a no-brainer.

Yeah, traveling to Korea feels like a big step with lots of unknowns, and hearing stories from people who have enjoyed it is reassuring.

resale's in area are 175K+ but with the unknowns ( no walkthrough, occupied, unknown closing date...)Additionally I found about 5K in additional HOA liens since it appears with the special deeds the new owner will assume all outstanding debt..I do have several properties in NY with some experience but this is a different game and appreciate any feedback.Many thanks, Peterd

I also point out potential problems that should be addressed that are not an issue yet.However, the unknown can be problematic.

My first thought when reading your post is that there is definitely a more streamlined way to handle such a transaction, and do so in a way that doesn't expose you to so many unknowns.