Assignment Fee

Assignment Fee. A fee paid when the rights under a purchase and sale agreement are transferred from one person to another.

In practice, an assignment fee is paid when one investor gets a property under contract and then transfers that contract to another investor. The second investor then purchases the property pursuant to the terms of the assigned contract. The fee is either paid at the time of assignment or at closing.

Assignment fees are typically only paid in investor-to-investor wholesale deals which are funded either by hard money or cash.

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