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Anthony Ogletree
  • Munhall, PA
20
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68
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Assignment of Contract vs. Consulting Agreement

Anthony Ogletree
  • Munhall, PA
Posted

Can someone tell me what is the difference between an assignment of contract and a consulting agreement as it relates to wholesaling. I have a potential deal lined up and it was my understanding that I was to just assign the options contract between me (the wholesaler) and the seller to an investor. Now I'm being told that I need to do a consulting agreement between me and the investor. HELP!

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548
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271
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Jason Dillard
  • Real Estate Broker
  • Greer, SC
271
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548
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Jason Dillard
  • Real Estate Broker
  • Greer, SC
Replied

In most states you need a realestate license to earn a consulting fee. Stick to assigning contracts.

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