In England how do assignment contracts work? :)

[Stewart Smith]

Hey Everybody! I'm Stewart 14 years old living in England and I'm extremely interested in real estate, you could say I'm obsessed and I have been doing all kinds of research in real estate, specifically the roles as an investor and agent. But there's one specific field I cant seem to get my head around; Assignment Contracts.

The things I do understand about Assignment Contracts:

1.) You often obtain one online and is best to get it checked at a local solicitor to see if its legal.

2.) Once obtained and checked the seller of a property must sign a copy to state that he/she understands that you are selling on the property only as a way to make profit.

3.) Then the property sells and I don't understand how it sells without it being sold without knowledge of the assignment contract.who do I give the signed paperwork too? Do I just hold onto it and that's it? This is the first part I do not understand.

4.) You now have the property, I can now fix, flip, wholesale etc. I then market the property and find a buyer, they then must sign the contract to show that they are aware that you are making profit. Then what happens? I now have two signed pieces of paperwork that are useless unless I know what to do with them, I heard that the seller and buyer do the closing and you don't even have to show! So I don't understand how anyone knows other than the buyer and seller that this is an assignment contract.

If anyone has knowledge please reply with a detailed yet simplified answer for a fourteen year old as soon as possible :)

Regards, Stewart Smith