ASSIGNMENT OF REAL ESTATE PURCHASE AND SALE AGREEMENT
This form is provided ‘AS-IS’ without any warranty of any kind, expressed or implied, statutory or otherwise. Any use of this form is at your own risk.
While the information contained herein is designed to provide accurate and authoritative information in regard to the subject matter covered, it is offered with the understanding that the presenter(s) are not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert advice is required, the services of a competent professional should be sought.
Personal Note from AIG:
It’s your basic “plain vanilla” assignment agreement. I owe many, many thousands of dollars to this tidy little agreement.
Personally I typically collect my “assignment fee” at closing (when my buyer closes on the purchase). It just seems fairer to me, and my buyers feel better about it as you might imagine. So I’ll usually write in someplace that “Assignor agrees to accept assignment fee at the time of assignee’s closing on the purchase of property based on the terms of attached purchase and sale agreement.” But that’s just me.