Home » Real Estate Forums » Real Estate Investing » Contracts and Offers

assignments

Posted on: Tue, 10/18/2011 - 11:01
assignments

I have a lead on a great property,but I have a question.I checked out this house with the listing realtor but I have my own buyers agent,If I assign a contract to an investor do I have to compensate my realtor personally or will she split the sale with the sellers agent? Is she out of the deal when I assign the contract to another investor?

__________________

Regards Jim Glazier
J.G.Properties LLC
jgproperties360@****


Posted on: Tue, 10/18/2011 - 11:47 #1
Jimmy

the agents will split the commission

__________________

Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools


Posted on: Tue, 10/18/2011 - 14:07 #2
assignment

So let me understand I use my realtor to get the property under contract then I assign the contract to another investor and the other investor compensates my realtor. (correct!) Sorry I am very new at this and this may be my first deal so I want to be sure that my agent don't lose out on her commission.

__________________

Regards Jim Glazier
J.G.Properties LLC
jgproperties360@****


Posted on: Tue, 10/18/2011 - 14:20 #3
Jimmy

your investor is taking your place in the contract, for assignment fee to you, and completes the deal according to the contract.

the agents get paid the commission on the sale

http://www.deangraziosi.com/real-estate-forums/everything-else/32490/ass...

__________________

Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools


Posted on: Tue, 10/18/2011 - 14:25 #4
Hey Mike thanks for your

Hey Mike thanks for your input I really appreciate it.Now I can meet with my agent today and have her put in an offer with confidence knowing we all will make money from this deal. JIm

__________________

Regards Jim Glazier
J.G.Properties LLC
jgproperties360@****


Posted on: Tue, 10/18/2011 - 14:55 #5
assignment

One more thing should I have the end buyer pay my fee up front or at close?

__________________

Regards Jim Glazier
J.G.Properties LLC
jgproperties360@****


Posted on: Tue, 10/18/2011 - 14:57 #6
Jimmy

some ppl get 100% at closing, some get 50% at assignment signing and 50% at closing. Just make sure you have everything in writing!!

__________________

Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools


Posted on: Wed, 10/19/2011 - 12:21 #7
assignment

Once again Mike thanks for your input JIM

__________________

Regards Jim Glazier
J.G.Properties LLC
jgproperties360@****


Posted on: Wed, 10/19/2011 - 17:03 #8
I think you should get the

I think you should get the whole 100% as soon as you assign it. What if something goes wrong with the close? And, then your out of luck. But, it's totally up to you.