Is wholsaling in NJ illegal

[Chris Jones]

hello everyone

well i just got off the phone with friend of mine, which is a real estate agent, and he says real estate wholesaling is illegal here in new jersey

he says its illegal to make profit off of real estate without owning it, so basicly he's saying its illegal to tie a property up and then assign that contract/agreement to another party, and getting pay for it

then he goes on talking about the real estate commission will do this and that (which i thought only really govern real estate agents)

so i was wondering if there are any other investors in here from new jersey and know about this topic