How a Real Estate Business Hired a Lawyer to Draft a Wholesaler Agreement in Alabama

In 2024, a business in Alabama sought assistance in drafting a wholesaler agreement to ensure compliance with recent regulations outlined in state law. The client's primary objective was to adapt an existing contract, initially created by a lawyer in another state, to incorporate specific requirements of SB228. This included necessary language regarding buyer disclosures about marketing equitable interests and establishing timelines for assigning buyer rights before any property marketing began. As a result, the client received two proposals from licensed attorneys, with flat fee bids ranging from $599 to $750, all submitted to meet the requested deadline of one week.