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Updated about 5 years ago on . Most recent reply

Anthony Ogletree's profile image
Anthony Ogletree's profile image
Anthony Ogletree
  • from Munhall, Pennsylvania
  • Member since Dec 9, 2013
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Anthony Ogletree's profile image
Anthony Ogletree's profile image
Anthony Ogletree
  • from Munhall, Pennsylvania
  • Member since Dec 9, 2013
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Anthony Ogletree
  • Munhall, PA
20
Votes |
68
Posts
Buying & Selling Real Estate

Assignment of Contract vs. Consulting Agreement

Anthony Ogletree
  • Munhall, PA
Posted

Can someone tell me what is the difference between an assignment of contract and a consulting agreement as it relates to wholesaling. I have a potential deal lined up and it was my understanding that I was to just assign the options contract between me (the wholesaler) and the seller to an investor. Now I'm being told that I need to do a consulting agreement between me and the investor. HELP!

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Jason Dillard's profile image
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Jason Dillard
  • Real Estate Broker
  • from Greer, SC
  • Member since Feb 20, 2013
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Jason Dillard's profile image
Jason Dillard's profile image
Jason Dillard
  • Real Estate Broker
  • from Greer, SC
  • Member since Feb 20, 2013
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Jason Dillard
  • Real Estate Broker
  • Greer, SC
270
Votes |
548
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Jason Dillard
  • Real Estate Broker
  • Greer, SC
Replied

In most states you need a realestate license to earn a consulting fee. Stick to assigning contracts.

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