As long as you put it under contract yourself, using your name as buyer, and then assign the contract to a buyer, you are in the clear. It isn’t commission, it’s an assignment fee.
This is a little gray; finding the buyer first before getting it under contract, but who is going to complain to the authorities?
Assignment of Contract or Commission? - Posted by Amckin1
Posted by Amckin1 on October 24, 2003 at 13:21:53:
I need some help figuring out the legallity of this transaction.
I was contacted by a motivated couple who is ready to move NOW. Because the deal is not worth the risk for reward (to skinny to L/0 or carry back financing), I was wondering…
Is it legal for an investor to find buyers for a property, put the property under contract and then sell that contract to the owners/sellers (not another investor)?
Is this considered commission if you sell to the sellers?