What Does a Note Broker Do?

As a note broker, your task is to find sellers who are holding notes, and offer them cash payments in exchange for their notes. Often, note owners decide they would rather have a single, lump-sum cash payment in exchange for their notes, rather than continue to collect small, monthly payments for many years, perhaps decades. They may need or want a large sum of money, or they may be tired of handling the monthly paperwork. When you identify note owners who are interested in selling their notes, you then present the proposed transaction to an investor, who will then make the purchase. Upon each sale, you earn a commission.
Many note brokers eventually build their own portfolios of notes to create monthly income for themselves.