Legal - wholesale and lease option in CA

[Joji M.]

Does California Code - Section 10130 and 10131 prohibit you to do an assignment of contract and/or sandwich lease option unless you have a broker license? One of my lawyers mentioned that you need to have a broker license to do such transactions in CA (i.e. prohibits you to sell a property to another party before closing the deal with the initial party). Is that correct? If anyone can share some knowledge/experience , I’d appreciate.