PS Thanks Beachbum for the heads up on the legislature, i'll keep my ears open.

We've just added the ability to share your LinkedIn profile with your associates here on BiggerPockets!

Serving as an accountant for association dues also does not require a real estate license.Only those property management activities that involve a conveyance of real estate by contract or lease require a real estate license.

Yes, he has more flexibility when it comes to refinancing or drawing on a line of credit but those are not typically things that are done on a frequent basis and if he foresees the need to do one of these anytime soon, I would suggest that he got in over his head to begin with.Anyway - just a little different angle to look at things.

thank you- but maybe im not being perfectly clear-an associate of mine OWNS the property already--he has been rehabbing it to sell and needs more rehab capital--i am going to give him that capital, BUT, i want to be secured in case anything happens and he cant complete the rehab--i dont want just a promissory note, i want to be a lien holder on that property with the stipulation that if he doesnt finish the rehab and close on the sale to the end buyer, then I can take over that property--hope this helps--thanks so much

It would be illegal for an unlicensed person to represent a seller.Lets skip the liability for a minute and the costs associated with being agents.

I started thinking about what am I doing this for and why am I doing this again and how much work I was going to have to do over the next two weeks.So all this stuff was rolling around in my head and I'm driving home from work with nothing on the radio (I usually have a REI podcast or audio book in) just thinking about all that's going to happen and I start dwelling on the what-ifs then it dawns on me as I'm driving down the road that that number on the bottom of the statement is smaller than what most people spend on a car.

It was pretty trashed - but hey aren't they all....Anyway so I head into the basement, cant find the light, I step down into some water - damn.

Shirley,Tough love heading your way.You really are naive as to the process for buying and selling RE.

Even then the video will refer to the written materials associated with the course.John Corey