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Contract Assignment Fee, Earnest Deposit, Double Closing
In Ohio, our laws are clear about assigning contracts and earning 'fees' on wholesale-investor real estate deals. I'm curious what your thoughts are. Do you use a purchase contract assignment fee agreement and disclose the assignment on your contract with the seller? Do you disclose the assignment fee or list it as an earnest deposit from the investor? Or, do you do a double closing only? I'm interested in hearing what works in different types of markets.