Hi...I was just wondering why a buyer would have "contract may be assigned" clause  yet  also state that they are still responsible legally/liable for the closing?  

Only problem is I am unsure of the legal parameters here as I am not technically working for an investor and I am not technically an agent or broker.

You can do a simple web search to find brokerage firms that will hang your license for a flat fee verse a % of every sale/purchase but you won't get much assistance from them and I am not sure exactly how "legal" all that is.Other things to consider, 1) there is a fee to have access to and be able to list on the MLS, 2) I think the state requires you to carry or it would be a very good idea to carry Errors and Omissions insurance commonly called E&O insurance 3) if you plan to tour properties, you will need to get those electronic keys that agents have and I am guessing there is an annual fee associated with that.Those are the big ones I can think of off the top of my head.

You should also add an entry for Miscellaneous expenses (5%) to cover things like Pest management, unit turnover, accounting, Legal, etc.8.  

@Cory Bittick make sure your parents are aware it is their legal responsibility to pay the gift taxes if there are any.

You can't legally force a monthly tenant to move out to sell a condominium.   

For example, I believe an attorney/broker can't broker a deal and do the legal work on it (however, I would like to see if there is a way I can do that as I want to be more of a "one-stop shop" for my clients).   

Make sure this is legal in your area first, lots of places restrict them. 

So, the legal answer is, you can do that.

I'm trying to figure out if there are legal ramifications for this type of thing and if so how does one go about pursuing it?