Comparison of "Brokering" Between Wholesale, Note Investing

[Dustin Verley]

I was curious how the two compare. I'm aware that in wholesaling, one must tread lightly on the side of "brokering", especially without a RE license as this opens up potential doors for legal issues. But how does this compare to "Note Brokering" - or clearly the practice of connecting a note seller to a note buyer and collecting a commission.

With that said, does note brokering pose a legal issue as well if you're not in possession of a RE license? Granted, you are brokering a promissory note and not the physical property, but the note is secured by that particular note.