Wholesaling/Buying and Selling of real estate

[Dan Roma]

Can someone help me understand this; excerpt from the Texas Real Estate License Act(TRELA) - 

Sec. 1101.002. DEFINITIONS. In this
chapter:
(1) "Broker":
(A) means a person who, in exchange for a
commission or other valuable consideration or
with the expectation of receiving a commission
or other valuable consideration, performs for
another person one of the following acts:
(i) sells, exchanges, purchases, or leases
real estate;
(ii) offers to sell, exchange, purchase, or
lease real estate;
(iii) negotiates or attempts to negotiate the
listing, sale, exchange, purchase, or lease of real
estate; 

Does this mean Wholesaling and other dealings are considered illegal without a license?