A Pennsylvania residential purchase agreement establishes a legal arrangement between a buyer and a seller in a real estate transaction. Act 52 of 2024, known as the Wholesale Real Estate Transaction Transparency and Protection Act eliminates any ambiguity in its restriction.The standard purchasing process for Allegheny County involves: requisitioning; public solicitation; bid and proposal receipt; evaluation and contract award. You may need to get a real estate license or some other kind of license in order to assign real estate contracts (wholesale real estate). These Terms of Sale shall be the exclusive agreement between you ("Licensee" or. The process involves finding undervalued properties, securing a contract with the seller, and then assigning that contract to a third-party buyer for a profit.