Assigning vs Double Closing - Seller Finding Out Assignment Fee?
I have read that if you assign an option or PSA, the orginal seller will know what you made as your assignment fee. That is why many people choose to double close when the assignment fee is high. Can someone explain how the seller will find out the assignment fee if you choose not to double close and you simply assign the contract?
If you assign your contract to an investor, and the investor closes with the original seller at their asking price, how will the seller ever find out the assignment fee? Does that have to be disclosed somewhere?
Brandon