Assigment of contract

[Nicolas Pretelt]

Hi BP Community,

I am assigning a contract this week to another investor this week and I just want to get my facts straight on how to do it.

I understand there are two ways to get paid by assigning a contract:

A) Just meet with the investor hand him the Purchase and Sale agreement and the assignment of contract in exchange for my assignment fee

B) Give the investor the Purchase and Sale agreement and the assignment of contract in exchange for a deposit (non refundable ??) and I will receive the difference of my wholesale fee at closing

are this two scenarios correct?? in the case of B is there anything I can make the investor sign to make sure I get my fee on closing date?

thanks,

Nicolas