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Updated over 8 years ago on . Most recent reply

User Stats

61
Posts
29
Votes
Michael C.
  • Investor
  • Columbus, OH
29
Votes |
61
Posts

Help with understanding this contract!

Michael C.
  • Investor
  • Columbus, OH
Posted

I'm confused with the parts of this assignment contract...  (Assignee) in exchange for compensation in the amount of _______dollars ($____)

So do I put the total amount , including the assignment fee, so say I'm under contract for $10,000 with the seller found a buyer for $15,000 would I put $15,000 or $10,000?

and for line 1 "Buyer/Assignor will collected ....so on that line assignment
I would put the  fee?( and " with the balance of"_____due at closing 

So on that line do I put what's left of the assignment fee after the earnest money, or whats left of the total $15,000 after the earnest money!

For example $5,000 fee 1,000 earnest money buyer put down, so $4,000 due at closing?

or $5,000 fee $1,000 earnest money buyer put down so, $14,000 due at closing?

Here's the link of the contract!

https://www.biggerpockets.com/files/user/TheRealMa...

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