Is this contract legal?

[Dan Demers]

I have listened to educational CDs from an investor in Connecticut that speaks of a "relocation" contract. This is basically a combination of a wholesale deal in the first month, and an exclusive right to sell (lists the property as an agent) after the first month. He gets the property under contract, and attempts to assign the contract for the first month. If he is unable to assign the contract, he instead lists the property and collects real estate commission.

This sounds like an excellent opportunity if this concept is legal. Of course, intentions would have to be discussed with the sellers to be ethical, but it is meant for motivated sellers. It almost seems too good to be true, and even somewhat resembles a net listing.

What are your thoughts?