Assignment using a C.A.R purchase agreement

[Loren Becker]

Hi BP team,

I recently put a property under contract using a California realtor. I used the C.A.R form RESIDENTIAL PURCHASE AGREEMENT AND JOINT ESCROW INSTRUCTIONS.  The 1-A line is noted as my name or ASSIGNED.  

Has anyone had any problems using the C.A.R form with the "or ASSIGNED" and assigned to another person.

And would I have to notify the realtor or selling parties that I have assigned the purchase agreement to another person or entity?

Thanks,

Loren

[Kyle J.]

@Loren Becker  The most recent C.A.R. Residential Purchase Agreement (revised 12/15) states the following:

26. Assignment:  Buyer shall not assign all or any part of Buyer's interest in this Agreement without first having obtained the separate written consent of Seller to a specified assignee. 

(If your purchase agreement doesn't have that it's at least two revisions old because I believe they changed it back in the 11/14 revision.) 

The C.A.R. form to get the seller's written consent is the Assignment of Agreement Addendum (AOAA) form.