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RE License in California

Posted on: Fri, 07/09/2010 - 02:14
RE License in California

Hello all, I went to a RE Lawyer today as I'm building my power team- I showed him my Assignment of Contract that I downloaded from DG site-
He told me that I needed to be a Licensed RE agent in California in order to be paid by a seller-

Soo calling all California DGer's that have done Assignments in Calif. - can you help me? Maybe a different contract is needed?
HELP !

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Posted on: Fri, 07/09/2010 - 02:26 #1
Buyer pays

I'm not in CA but the seller isn't paying you to sell their house. The buyer is paying you for the contract/your position in the contract. My RE attorney said you can assign contracts all day long for any amount you wish. Hopefully someone from CA knows the contract details.

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Sheila

"If God is for us, who can ever be against us?" Romans 8:31 NLT


Posted on: Wed, 07/14/2010 - 18:31 #2
RE License

Your lawyer is right. As I understand the assignment, however, you are being paid by the buyer. With the assignment, now the new buyer is in place and it's not you anymore.

I have found it helps to go back to the lawyer and have a different conversation or pick another lawyer.

Have a Great Day!

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Best Regards,
Anita
(Licensed Realtor-Military Vet-9/11Vet)
****
A self-directed realization for 2014 is to:
Live life as if always on vacation and have all the good health, time, & wealth to enjoy it.
Work, only when and IF desired. Helping others do the same. It Pay$ To Connect!
Always In Gratitude.....