A wholesale real estate contract is a shortterm investment strategy where the wholesaler hopes to make their money within 30 days. Learn how to wholesale real estate in Michigan: 1.Does anyone have any assignment contract resources that I might be able to use for a starting point for my own? 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. However, instead of collecting a commission, a wholesaler generally will collect a "fee" for assigning their equitable interest in the contract. A wholesale purchase agreement is a document that transfers the ownership of products from a seller to a buyer. The wholesale real estate contract is more simple that the standard purchase and sale agreement. Then after I make a deal with the seller do we both sign the contract. A Michigan residential purchase agreement is a contract outlining all the terms and conditions of a residential property sale between the buyer and the seller.