The Agency’s investigations are complaint driven, so we rely heavily on the public, and our licensees to bring these individuals to our attention"so all though wholesaling is taught and defended especially on BP its not really legal the way most do it in virtually any state if you actually read the law.. but that does not mean it does not happen every day of the week .. just depends when a state wants to focus on enforcement.. so you can see our state will do something if a complaint is filed and I know they will.. one of my bird dogs got a cease and desist had to go to a hearing with a lawyer and paid 5k fine.. all for putting a forsale sign in a yard on a home he did not own..

Just make sure you disclose to the public you are licensee.

How it holds me back, is that when you hold a license, you are, or at least from a moral compass, should be held to a higher standard and follow the ethics of a real estate licensee. 

Apparently in CA this is considered employer-housing and he is a licensee.

In states that do not require a licensee obtaining a real estate license isn't necessary to becoming a successful wholesaler.When it comes to getting a property under contract, motivated sellers want to know that you have the ability to get the deal closed, are credible and have a good reputation.Best,Johnetta

(c) No cause of action shall arise against an appraiser of real property, a licensee as agent of an owner, or a licensee as agent of a potential or actual transferee of real property for failure to inquire about, make a disclosure about, or release information about the existence of any fact or circumstance or suspicion of the existence of any fact or circumstance that indicates that the real property is psychologically All that being stated, I'd leverage the heck out of the situation in dealing with the bank...

The Agency’s investigations are complaint driven, so we rely heavily on the public, and our licensees to bring these individuals to our attention.

Honestly as a fellow licensee you are actually an embarrassment to the industry. 

To add another twist to this, it seems that Real Estate Licensees get special consideration as rental activities including acquisition, sale, and management of those rental properties may be considered NON PASSIVE (active) due to the professional occupation. -- I am a real estate broker.

Retail buyers get the same info at just about the same time as real estate licensees, and the listing agents are present at 99% of all showings so in most cases you're not going to getter better access to info or seeing properties.