. § 7-101(c) defines a collection agency as follows:"Collection agency" means a person who engages directly or indirectly in the business of:(1)(i) collecting for, or soliciting from another, a consumer claim; or(ii) collecting a consumer claim the person owns, if the claim was in default when the person acquired it;(2) collecting a consumer claim the person owns, using a name or other artifice that indicates that another party is attempting to collect the consumer claim;(3) giving, selling, attempting to give or sell to another, or using, for collection of a consumer claim, a series or system of forms or letters that indicates directly or indirectly that a person other than the owner is asserting the consumer claim; or(4) employing the services of an individual or business to solicit or sell a collection system to be used for collection of a consumer claim.CONCLUSIONA debt purchaser that attempts to collect a consumer debt by bringing a foreclosure action is required to have a license unless some statutory exemption applies.Why would an investor hire a mortgage broker to act as a collection agency?

"Article 25 defines a real estate broker as an individual or an entity, who with intent to collect or receive a fee, compensation, or valuable consideration, sells or offers for sale, buys or offers to buy, provides or offers to provide market analyses, lists or offers or attempts to list, or negotiates the purchase or sale or exchange or mortgage of real estate, or negotiates for the construction of a building on real estate; who leases or offers or rents or offers for rent real estate or the improvements on the real estate for others, as a whole or partial vocation; who engages in property management as a whole or partial vocation; who sells or offers for sale, buys or offers to buy, leases or offers to lease, or negotiates the purchase or sale or exchange of a business, business opportunity, or the goodwill of an existing business for others; or who, as owner or otherwise, engages in the sale of real estate as a principal vocation."

@Richard Jahnle I appreciate you responding and helping to engage on this.

Stay engaged with BP and ask any and all the questions possible! 

You can start to engage with the brokers this way and develop relationships with them.This takes time.  

Yes, you absolutely should engage a Mortgage Loan Originator (MLO), ideally one that has closed Dodd-Frank-compliant owner financing deals before.

What areas of investment are you all interested in or currently engaging in now? 

You need to engage yourself in "learn knowledge": Podcasts, relevant literature, BP forums (like you've bravely done here) and I would even recommend a legitimate RE Investment course that'll only run you about $150 schnapps or less.

That tax applies when a tax-exempt entity engages in a trade or business (i.e. flipping houses) on a regular basis. 

I've always thought about that when I see vacant lots alongside the I-8 and I-10 near me.