My friend in Florida has done only principle transactions in California, my agreement for keeping his license active is a flat annual fee.
On a different note, I think that bricks and mortar serve a purpose and am glad there is another Realtor/broker that agrees! If you don't mind me asking, what is a typical arrangement such as that you describe with your buddy? Does he semi the active with his personal transactions being the bulk of his work under your license? Again, I am just curious, and appreciate your time and handy, direct link.
Thank you both for the tips and have a great day!