If you do this please remember that if you become a licensee you will be restricted in your investment efforts as you must identify yourself as a Broker (Law of Agency).

Bear in mind that what bites many licensees in the butt is that their letters often end up in the hands of other agents and brokers....who then look you up, find that you're licensed and wonder why the hell you're contacting their clients.I've seen it happen in Austin more than anywhere else in the U.S.

As I think someone mentioned, become a licensee yourself.

Make sure you get approval for anything from the brokerage first.The state real estate commissions see licensees as professionally trained in contracts and held to a higher standard than ( joe blow ) investor off the street.

to clarify, when i say little regulation, i mean you could stuff the $100 bill in your pocket, and if you dont rent to them you could just hand 5 $20's back. unlike a security Deposit for a Licensee like myself, which has to go into a Trust Account, and has contractual rules on how it is held, and distributed.  

@Carlos Guzman - As per PA Real Estate Law, new licensees must take 60 hours of education prior to taking the Real Estate License Test.

From and after the date of this Contract, Buyer shall indemnify Seller for, defend Seller against, and hold Seller harmless from any liability, loss, cost, injury, damage, or other expense that may occur or may be claimed by or with respect to any person or property on or about the Premises resulting from the use, misuse, possession, occupancy, or non-occupancy of the Premises by Buyer or Buyer's agents, employees, licensees, invitees, or guests.

@Harry Darmawan In most states a PM is a real estate licensee, although many may not have ever transacted a sale.  

I have been a real estate licensee for more than 30 years and I have seen the evolution of the business.

Mine is thus...in a nutshell, the only way for a seller to offer seller financing without having to be concerned with licensing, is to have a NMLS registered and State Mortgage Originator Licensee handle the transaction.