I had an attorney construct an agreement stating that I am a licensed Realtor, but acting on behalf as an investor when I conduct any business which is a known conflict of interest against my state license.

@David Krulac, unless it is truly passive, if it is passive then you do not have to register as a Foreign llc. this is from Pennsylvania Department of State:Registration of Foreign Associations –General Rule and ExclusionsGeneral Rule – A foreign filing association or foreign limited liability partnership may not do business in this Commonwealth until it registerswith the Department of State.Exclusions – Activities of a foreign filing association or foreign limited liability partnership that do not constitute doing business in thisCommonwealth include the following:(1) Maintaining, defending, mediating, arbitrating or settling an action or proceeding.(2) Carrying on any activity concerning its internal affairs, including holding meetings of its interest holders or governors.(3) Maintaining accounts in financial institutions.(4) Maintaining offices or agencies for the transfer, exchange and registration of securities of the association or maintaining trustees ordepositories with respect to the securities.(5) Selling through independent contractors.(6) Soliciting or obtaining orders by any means if the orders require acceptance outside of this Commonwealth before the orders becomecontracts.(7) Creating or acquiring indebtedness, mortgages or security interests in property.(8) Securing or collecting debts or enforcing mortgages or security interests in property securing the debts and holding, protecting ormaintaining property so acquired.(9) Conducting an isolated transaction that is not in the course of similar transactions.(10) Owning, without more, property.(11) Doing business in interstate or foreign commerce.Being an interest holder or governor of a foreign association that does business in this Commonwealth does not by itself constitute doingbusiness in this Commonwealth.In general terms, any conduct more regular, systematic, or extensive than that described above constitutes doing business and requires theforeign association to register to do business.

Its all about feeling comfortable with who you are about to conduct business with, if youd like my 2cents feel free to PM me

Make sure you do your due diligence, the only pitfalls with shoppers that i see is that they get trapped and once under contract and time to lock the rate, they get a much higher rate and will be too late to pull out. 

You can still search Fannie Mae, Freddie Mac and HUD for foreclosures, while conducting a direct mail campaign, driving for dollars or using bandit signs.

Need to take at least a glance at business law, types of contracts, what constitutes fraud, what tortuous conduct is and existing laws such as truth in advertising, fair credit, security & exchange, consumer protection matters and how to find the different agencies of government that regulate business.I'm not saying study law, I'm saying you need to be aware of aspects of business that are regulated, how to find applicable laws and agencies to find the guidelines you're expected to operate under.

Benton by telephone and conducted a conference call hearing.

I tell them that sometimes they do audits or send "secret shoppers" and that I could get in trouble if I make an exception for anybody. 

Read these @Stanford Neal Mead, you should have 98% of your question answered, including a checklist to clarify with the partner prior to entering partnership:How to Effectively Conduct Joint Venture Agreements as a Real Estate Investor596231-how-do-i-properly-construct-a-purchase-with-a-partnership591376-create-an-llc-for-first-partnership-best-way-to-do-so526244-taking-on-partner-s-and-limiting-our-liabilites

So if you decide to conduct business in that area I would definitely like to know how that goes!