The sale of the contract must occur before the agreed upon closing date. With a contract assignment, the wholesaler never actually purchases the property.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). Here's EVERYTHING beginners need to know about real estate wholesaling contracts! In this video, Ryan Zomorodi, COO of RealEstateSkills. Learn how to wholesale real estate in Los Angeles: 1. In this comprehensive guide, we'll walk you through how to wholesale real estate in California, breaking down the process into easy-to-understand steps. A wholesale agreement is a contract that transfers the ownership of goods from an original seller to the buyer through an intermediary, called the wholesaler. Real estate wholesaling involves buying a property, then quickly selling it to another buyer without making any significant improvements or repairs. B. Cardinal is a broad-line wholesale distributor of healthcare products.