My most recent article about Assignment of Contract has been published by NVAR in the Law & Ethics section of their website.
I have written several times about Assignment of Contract. My latest article on the topic focuses on that section of the NVAR Regional Sales Contract.
For some reason many agents in Northern Virginia mistakenly believe that the Regional Sales Contract cannot be assigned. In my real estate investment business, the misunderstanding is a reoccurring issue.
After giving the issue some more thought, I decided to sit down with the contract and my laptop to write both my experience in assigning the contract and giving specific reference to the paragraph in the contract dedicated to assignability.
The article was posted online in several places, including ActiveRain. Soon I received a call from the legal department of the NVAR requesting permission to republish my article.
I believe that many agents cut themselves short by not taking advantage of the many opportunities they have to make money practicing real estate as licensed professionals. I hope agents in Northern Virginia find the article helpful.