| Item | Value |
|---|---|
| Is an assignment legal here? | yes |
| What the matrix says about it | No California statute prohibits assigning a purchase contract. Civ. Code 1458 makes a right arising out of an obligation transferable; the limit is brokerage licensing when you market for another, not the assignment itself. |
| Marketing rule the gate enforces | contract_only |
| What that means in practice | Advertise the ASSIGNABLE CONTRACT / equitable interest, never 'house for sale'. Selling, offering, or negotiating a sale of real property FOR ANOTHER for compensation requires a broker licence (B&P 10131); acting for your own account as a principal does not. |
| What triggers a licence requirement | Marketing or negotiating the sale of property you neither own nor hold an equitable interest in, or doing so for another for compensation (B&P 10130/10131). |
| Written seller disclosure required? | yes |
| Basis for the disclosure | No CA wholesaling-specific statute; disclosure of equitable interest + intent to assign is required here as a contract term and an anti-deception measure, not by a named CA statute. |
| Statutory wording required? | no |
| F5259 bucket | GO_WITH_CONDITIONS |
| Condition the gate enforces | Market the contract, not the property (B&P 10131/10130). Owner-occupied pre-foreclosure needs the Civ. Code 1695 statutory form -- refused by the gate. |
| Verification status | PRIMARY_STATUTE |
| Attorney review required before first use? | yes |
| Lead class | Verdict |
|---|---|
| land | GO_WITH_DISCLOSURE |
| preforeclosure non owner occupied | GO_WITH_DISCLOSURE |
| preforeclosure owner occupied | NO |
| probate | GO_WITH_DISCLOSURE |
| tax delinquent | GO |
the whole grid · probate in CA · the disclosure blocks
Not legal advice. We are not a law firm and we do not draft documents for anyone else. A template is a starting point for a transaction you are a principal in; it is not a substitute for a lawyer licensed in the state the property sits in, and in several states the disclosure below has statutory wording that must be copied exactly. Have counsel read it before you sign.
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