The property and improvements which the Seller is agreeing to sell and which the Purchaser is agreeing to purchase is known as. To fully complete a wholesale real estate contract, you will most importantly need a seller, wholesaler, buyer, and title company.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). We Buy Houses on Long Island for Cash. A wholesale real estate contract is a shortterm investment strategy where the wholesaler hopes to make their money within 30 days. Bidder ("Contractor") will be required to fill out all forms. Business services, entertainment, restaurant meals, retail goods and real estate. This agreement runs to 1996 unless the property is sooner completely mined out. , Sheikh M Saleem, for Other Matters - Contract - Other in the District Court of Nassau County.