Wholesaling or brokering

[Alex Shin]

What's the difference between wholesaling and brokering a deal? Wholesaling is locking it up under contract as a buyer, then assigning the equitable interest to another buyer, after doing some form of marketing. Brokering is connecting a buyer with a seller through some form of marketing. What would be the consequences if one were to market a property without having it under a p&s agreement? Asking for a friend..