Lease Option Assignments

[Octavian Cross]

Hello everybody! I hope I'm posting this question in the right place. If there are any agents out there doing these transactions, are you going through your brokerage? Also how are you advertising for tenant-buyers on (if you are) on Craigslist? I mean are you putting your brokers info on the CL post? I'm planning on focusing more on lease option assignments and I needed to get some opinions/insight. Thanks in advance! 

[William Hochstedler]

@Octavian Cross

Run everything through your brokerage.  Period.  That's where the liability falls.  It may not be this deal, but if 10 deals down the road, you get a litigious buyer/seller and the division gets involved, they might start going through everything.  You want your broker's backing and insurance on your side.

@Joe McCall has good advice. There are a bunch of flat fee models that charge $300-500 per transaction. In a L/O situation, this is cheaper than a typical lease-up fee and not hard to push onto the seller because this is the cost of the deal being "licensed and insured".

As an agent, why are you doing assignments instead of just brokering the transaction?