When we talk about an assignment, when discussing real estate, we're actually referring to the homework which is assigned by the instructor or professor in your real estate class.
Do you have any doubt in your mind as to whether or not this fact is true ?
What's your verdict ? True or false ?
Please take your time because, as we all know by now, the solution is posted below the wildlife photo.
A. False (were you stumped ?)
When contract rights are transferred from one party to another it's know as an assignment.