Wholesale Assignment Contract Template

ASSIGNMENT OF REAL ESTATE PURCHASE AGREEMENT

This Assignment of Real Estate Purchase Agreement ("Assignment") is made
this ____ day of ________________, 20____, by and between:

ASSIGNOR (the original buyer / wholesaler):
  Name:            _________________________________
  Address:         _________________________________

ASSIGNEE (the end buyer):
  Name:            _________________________________
  Address:         _________________________________

PROPERTY SUBJECT TO ASSIGNMENT:
  Address:         _________________________________
  Legal description per Exhibit A.

UNDERLYING PURCHASE AGREEMENT:
  Dated:           _________________________________
  Between Assignor (as "Buyer") and:
  Seller:          _________________________________

RECITALS

WHEREAS Assignor entered into the Underlying Purchase Agreement to
acquire the Property from the Seller; and

WHEREAS Assignor wishes to assign all of Assignor's rights, interests,
and obligations under the Underlying Purchase Agreement to Assignee;
and

WHEREAS Assignee wishes to accept such assignment subject to all terms
and conditions of the Underlying Purchase Agreement;

NOW THEREFORE, in consideration of the mutual covenants below, the
parties agree as follows:

1. ASSIGNMENT. Assignor hereby assigns to Assignee all of Assignor's
   right, title, and interest in and to the Underlying Purchase
   Agreement, including without limitation the right to purchase the
   Property.

2. ACCEPTANCE. Assignee accepts the assignment and assumes all
   obligations of Assignor as Buyer under the Underlying Purchase
   Agreement.

3. ASSIGNMENT FEE. As consideration for this Assignment, Assignee
   shall pay Assignor an Assignment Fee of $_____________, payable
   to Assignor at closing of the Underlying Purchase Agreement, from
   the title or closing agent's disbursement of funds.

4. ORIGINAL CONTRACT TERMS. All terms, conditions, contingencies,
   deadlines, and obligations of the Underlying Purchase Agreement
   shall remain in full force and effect and be the responsibility
   of Assignee following execution of this Assignment.

5. EARNEST MONEY. The earnest money deposit, if any, paid by
   Assignor under the Underlying Purchase Agreement shall be
   reimbursed to Assignor at closing.

6. REPRESENTATIONS. Assignor represents that the Underlying
   Purchase Agreement is in full force and effect, has not been
   amended except as disclosed in writing, and is freely
   assignable.

7. DISCLOSURE. Assignor is acting as a real-estate wholesaler and
   not as a licensed real-estate broker. Assignor does not represent
   either the Seller or the Assignee. [State-specific disclosure
   language must be added per applicable state law.]

8. GOVERNING LAW. This Assignment shall be governed by the laws of
   the State of __________________.

9. ENTIRE AGREEMENT. This document constitutes the entire agreement
   between the parties with respect to the assignment and supersedes
   all prior negotiations.

10. ATTORNEY REVIEW. The parties acknowledge they have been advised
    to seek independent legal counsel before signing this Assignment.

ASSIGNOR:                              ASSIGNEE:
________________________________       ________________________________
Signature                              Signature

________________________________       ________________________________
Printed Name                           Printed Name

Date: ___________________              Date: ___________________

ACKNOWLEDGED by Original Seller:
________________________________
Signature
Date: ___________________

EXHIBIT A — Legal Description of Property
[Insert legal description from title commitment or deed]