How do we get paid and who exactly pays us when we put a house under contract and assign it to a new buyer
Hopefully you get paid in cigarettes.
You get paid your assignment fee or the difference of what your buyer owes you versus what you owe the seller (double closing) once the deal goes to the closing table, and usually it's via wire transfer (there may be other payment methods) once everything clears and the sale is finalized.
Richard nice response and Martin thank you very much for the detailed explanation
also it would be wise to collect a non refundable earnest money deposit from your buyer when they sign a contract so that they are less likely to waste your time and back out of the deal at the last second...if they do back out, at least your paid for the time wasted.