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Updated almost 3 years ago on . Most recent reply

User Stats

34
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7
Votes
DeAndre Mason
7
Votes |
34
Posts

Assigning a Realtor’s Contract

DeAndre Mason
Posted

Hey BP,

I may be getting a property under contract in the next few days. The seller decided to have a realtor assist with the deal but it is not going to be listed on the MLS. The realtor is just a liaison for the seller helping to speed up the process. This is an OFF MARKET DEAL and a Cash purchase as usual. I will be using a Title attorney of my choosing as well. The only difference is
that the Purchase and Sale agreement is not mine it will be the realtor’s. If the contract doesn’t include a no assignment clause, can I and should I use that purchase agreement? The realtor will not be getting any commission she is just trying to get the property sold because she is tired of dealing with the seller. I told her if the seller didn’t compensate her once he got funds, then we could work something out for her help. I would like to use my own contract, but I don’t think the seller will be comfortable doing that. Feedback is appreciated!!!

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