Instead, you need to obtain the sales agent license first.

Where I am the broker would be the intermediary (the agency relationship is actually with the broker with the licensed salesperson acting on behalf of the broker).

@Jeremy Roberts Welcome to BP.I am also a licensed real estate broker in Illinois.

Besides the info here won't cost you one red cent and there are experienced professionals in various aspects of real estate investing from residential to commercial, licensed pros, wholesalers, rehabbers, landlords the works.

@Carrie Smukal, If the city has remove the water meter, they will not replace the meter until the home is inspected by them or a licensed plumber at your expense.

Below are some of the reasoningMy Mentor was flipping in the Bay Area about 3-4 years ago but found it cost prohibitive to accomplish goals and a establish repeatable model Arizona also has a better upside for cash flow, which comes in handy if for some reason you are unable to sell.

The banks were screaming bloody murder when unregulated mortgage brokers hit the streets and it took about a decade just to have a broker get a license, now, the broker is held to almost the same banking standards in may respects, so that is a big plus for banks to get these small brokers off the streets, for most folks it means if they need a loan they'll have to head to the bank.Scruggs and other seller financing gurus brought much of these new requirements on seller financed deals, if there hadn't been scammers with the rinse and repeat set ups seller financing probably wouldn't have gotten hammered as it did.

This establishes a new agreement if done repeatedly over time.

This would mean, under federal law, you must be licensed and regulated to service these agreements.

Similar to what Account Closed and Scott said, but in the context of an investor using an established "portfolio" lender(*).