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Updated over 10 years ago on . Most recent reply

User Stats

41
Posts
6
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Luis Saez
  • Hartford, CT
6
Votes |
41
Posts

Can assignment fees be construed as consideration for selling property if you don't have a license?

Luis Saez
  • Hartford, CT
Posted

ok, i thought i posted this yesterday but i couldn't find it at all. So here we go again.  I live in connecticut.  And i was wondering if an assignment fee can be seen as payment for selling property? I believe, as i understand it, that when you get a property under contract, you do so in a way that it gives you equitable interest.  That way, it's not that you're marketing the property for the seller. You're actually marketing the property for yourself.  And in this way you avoid brokering deals between buyer and seller, because you're just selling your interest in the property.  That said ive heard that some states limit such whole sale deals to 5 a year and then you either must be licensed or hire an agent.  

What are the rules for connecticut???

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