Posted by Redline on June 10, 1999 at 08:01:25:
Who told you the RE industry is “cracking down” on people flipping RE? When you flip property you are acting as principal (for yourself) - as you already have the property under contract. Nothing to crack down on. You’re confusing “birddogging” with flipping contracts. Birddogs just go and fetch properties for investors and get some undisclosed reward. They are not acting as principal and never appear on any paperwork.
What you’re doing sure looks to me like practicing RE without a license. You’re performing RE services for others for a fee … and this will get you nailed before long. Investors don’t “charge” anyone for anything … they act on behalf of themselves and make a profit.