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Updated about 16 years ago on . Most recent reply

User Stats

127
Posts
10
Votes
Ali Shah
  • Real Estate Investor
  • Las Vegas, NV
10
Votes |
127
Posts

conract assignment

Ali Shah
  • Real Estate Investor
  • Las Vegas, NV
Posted

I am a licesende real esate agent in NV, I just got a short sale as an assignment and I fully disclosed to the seller and the bank that I am buying with potential to re-sale for a profit and loss. Now I have an end buyer that wants to buy it and I have the short sale approved and my questions to the seasoned people is since I am an agent the bank did not allow me to recive commison on that deal, can I have my end buyer give me my 3% or should I just assign the contract and take my fee on that. This is my first deal I am doing for myself as a licensed agent but I have done assignable contract for my clients in the past...any DO's or DONT's any one can suggest???? I have checked with the real esate divison as well and they said as long as I have fully disclosed I am fine and good to go.

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