Wholesale Heaven — Assignment rules in New York

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	RPL 440 reaches one who 'lists for sale, sells, at auction or otherwise, exchanges, buys or rents, or offers or attempts to negotiate a sale, at auction or otherwise, exchange, purchase or rental of an estate or interest in real estate'. F5259 found NO New York clause about assigning contracts or wholesaling as a distinct regulated activity. So the constraint is the ordinary one: market YOUR CONTRACT, never the seller's property, and disclose the equitable interest.
What triggers a licence requirement	Listing, selling, or negotiating a sale/exchange/purchase of 'an estate or interest in real estate' for another for compensation (N.Y. Real Prop. Law 440).
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 New York (NY)

Verdict by lead class

Primary sources