7 October 2010 | 17 replies
I do agree to a point, just wanted to point out while you're correct imo, that a wholesaler is in a sense, and unlicensed broker, a good one is so much more.
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27 October 2012 | 21 replies
Below this are skilled but unlicensed folks.
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3 January 2014 | 4 replies
Therefore, I would think that's kind of iffy in the eyes of the commission because essentially signing something like that would be really close to being an unlicensed agent.So I think I'll stick with my standard purchase and sale contracts.
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7 November 2014 | 52 replies
Unlicensed practice of real estate has more to do with finding a buyer for a seller for a fee.
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25 October 2017 | 28 replies
All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserved.So, if your "teacher", "mentor" or whatever else they claim to be is proposing using contracts to broker real estate without being licensed or owning the property, they are teaching ILLEGAL practices at YOUR expense.
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10 April 2015 | 10 replies
How does one avoid being perceived as an unlicensed agent/broker?
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19 August 2014 | 3 replies
If you collect a fee based on the sale price of the Property, you are at risk for unlicensed sale of real estate.
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2 October 2014 | 10 replies
@Anthony Ferrara as an unlicensed assistant you are limited as to what you can do for a RE company.
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1 March 2015 | 7 replies
There are licensed and unlicensed activities so you need to make sure you are in compliance.Build up the money as mentioned.
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23 January 2015 | 17 replies
The latest BP Podcast 106 with Mike Sumsky actually talks about that very same idea.As for your question about @Joseph Ball 's comment, it is generally illegal for a licensed agent to share a commision or pay a fee for a referral to an unlicensed individual (i.e. bird dog).