My ultimate purchase and sale agreement designed exclusively for wholesalers and break it down for you. Learn how to thoroughly understand and articulate each line of the contract so that you can fill them out and use them in your transactions with confidence.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). The property and improvements which the Seller is agreeing to sell and which the Purchaser is agreeing to purchase is known as. A wholesale real estate contract is a shortterm investment strategy where the wholesaler hopes to make their money within 30 days. This is very detailed but simple to use. An assignment occurs when a wholesaler gets a property under contract, then finds a new buyer. Before you determine your MAO, let's look at how to lock in that property. There are a few ways to sell the property to a new buyer. The easiest way is to complete a simple Assignment Contract.