Assigning a contract

Assigning a contract

When talking to a homeowner with a house listed by a Realtor, there is a conflict that brings up a valid source of resistance. What do others on the forum think about this as a solution when the exit strategy is to put the house under contract and then assign the contract to a tenant/buyer?

The Realtor’s main concern is that he or she collects the commission from sale of the property. I share that concern. If your Realtor finds a buyer before I find and screen a tenant/buyer who you approve, you will most likely pay 100% of the Realtor’s commission. I’ll walk away with no hard feelings. If I find a tenant/buyer before your Realtor, I propose that my buyer pay one third of the commission, I’ll pay one third, and you pay one third. The buyer gets a nice house, you get your mortgage paid each month, you have no responsibility for repairs (after the first 30 days), and your Realtor gets paid. Everybody is happy.


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