What is Assignment Of Real Estate Contract?
The assignment of a real estate contract is basically handing over the rights and obligations in selling a property to another party. The assigning party is the assignor and the second party is the assignee. The assignee engages the assignor to assume his rights and sell the property. The assignment is done on the grounds that the assignee will find a buyer for the property for a fee. The end buyer if agrees to this set-up is also documented in the contract.
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