Our industry is a bit broken in that the real estate licensing schools only teach what you need to know about the laws and ethics, but nothing with regards to helping clients solve their real estate problems.

You said he was an attorney, he is disclosing his representation, the code may be applicable to attorney ethics might be restricted.

As Wayne pointed out, a VOE verification of employment has the question on it asking the likelihood of continued employment.Next you have the ethical issue of saying that is your stated income knowing it won't continue;Then you have the legal issues, obtaining a loan by deception is fraud.The risk might be higher than you think.

I was wondering if it's legal/ethical to work under your own company and a real estate company, or how that works.

Obviously I'm going to run this business ethically and will not be doing anything illegal but I don't want to leave any loopholes for anyone (attorney or otherwise) to take advantage of.

Unfortunately the downs are the fees, you will have to have a broker and you'll need to make sure he's investor friendly, you will be held to a higher standard because you'll have t follow the code of ethics and responsibilities to the public.

I am surprised that people admit or encourage such activities with such open disregard for ethical conduct.

Ethical?

Get your License and act in an ethical manner.

I know it not the most Ethical thing to do but I go by home depot or lower and get three electrical heaters take them out of the box my self real neat and put them in and plug them up for temp problem call to get the heat fix, some time may end up being on Tuesday if it a part not in stock after they finish I place it back nice and neat in the box as I got it and take it back to Lowes or home depo.