Wholesale Heaven — Assignment rules in Michigan

Item	Value
Is an assignment legal here?	yes
What the matrix says about it	Assignment of one's own purchase contract is a common-law right and is not itself licensed activity in this state; the constraint is on MARKETING and on DISCLOSURE.
Marketing rule the gate enforces	`contract_only`
What that means in practice	MCL 339.2501 reaches one who 'sells or offers for sale, buys or offers to buy ... lists or offers or attempts to list, or negotiates the purchase, sale, or exchange of real estate'. F5259 found NO Michigan clause naming contract assignment or wholesaling, and no express exclusion of it either -- so the safe reading is the ordinary one and an attorney must confirm it.
What triggers a licence requirement	Selling, offering for sale, buying, offering to buy, listing, or negotiating the purchase, sale or exchange of real estate for another for compensation (MCL 339.2501).
Written seller disclosure required?	yes
Basis for the disclosure	Contract term + state UDAP/consumer-protection statute.
Statutory wording required?	no
F5259 bucket	GO_WITH_CONDITIONS
Condition the gate enforces	Market the contract, not the property. Written equitable-interest disclosure to the seller.
Verification status	PRIMARY_STATUTE
Attorney review required before first use?	yes

Lead class	Verdict
land	GO_WITH_DISCLOSURE
preforeclosure non owner occupied	NO
preforeclosure owner occupied	NO
probate	GO_WITH_DISCLOSURE
tax delinquent	GO_WITH_DISCLOSURE

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.

Assignments in Michigan (MI)

Verdict by lead class

Primary sources