@NA NA My understanding is that it's illegal for a licensed person to pay a fee to an unlicensed person.

They tend to suffer from MYTHOMANIA, underestimating repairs and overestimating ARV> Remember, most of them are unlicensed brokers skirting laws to broker without a license, have no education, and zero accountability.

I was wondering if brokerages typically allow young/unlicensed potential realtors to come in, shadow, and learn before being officially licensed?

@Stephanie D.I made the mistake of hiring unlicensed trades on my second rehab (trying to save money) and it cost me almost double in rework and permitting issues.

Be clear about your intent and capability...do not make yourself look like a buyer if that is not your intent. it is illegal in Oregon and actually the way 99% do it is illegal in all stateshere is directly from the state of Oregon regulator read below.530 Center Street NE, Suite 100, Salem, OR 97301State of Oregon - Real Estate AgencyFrances Hlawatsch | Financial InvestigatorBest regards,Thank you again for the information, if I have further questions for you during the investigation I will certainly reach out.The Agency is well aware that unlicensed “wholesalers” are rampant in our jurisdiction.

I'm pretty sure that's working as an unlicensed agent, which isn't legal. 

It's kind of ridiculous and laughable, or incredibly bold if intentional, for the company to include such a contradictory statement immediately following the required Texas disclosure.To recap:Company is currently operating as an unlicensed lender across multiple statesThey require an owner-occupied home to secure an equity line of credit for a consumerThey do not consider the borrower's Ability to Repay, which might violate federal lawTheir hybrid 'Construction HELOC' (my term) fails to meet several TX requirements:Requiring a Deed of Trust violates terms of TX consumer construction loansBorrower doesn't control money drawn from the LOC, which violates TX requirement: "The owner requests advances, repays money, and reborrows money."

I am currently working with a Property Management company in Central Florida. They recently contracted with a Gentleman to market and lease some of our properties for a commission of 1 months rent.  He doesn't have an...

Also, what kind of situation does this put the owner in if they hire an unlicensed person & if the owner pays them?

If you intend to unlicensed broker the deal it sounds like the agents are onto your game and won't allow their owners to be played like that.