If you have a seller, whereby you have contracted a relationship to work on their
behalf and would like to enter their posting, simply enter your password and user
ID. You will be able to indicate the commission fee that you will be charging which
will be entered into the confirmation of cooperation. This fee becomes part of the
deal, in that if the assignor feels that it is too high or in that the assignor
and the assignee have come to a stalemate in that they are close but not willing
to complete the deal, you can interact and reduce your portion of the listing commission
making the transaction more feasible and allowing the transaction to take place.
An administration fee of $1,500 will be paid prior to posting the assignment and
will be the cost of having the property posted. There is no time line for the posting,
if you have a client who gives you a listing contract for 3 months whereby it does
not sell and wishes to re-post you will be charged again. We suggest that you get
an extended listing for until the property is registered to save additional costs.
If you decide to work with an Assignment Professional, simply fill out the
referral. They will compensate you a 25% as a referral fee upon succesful
completion of the assignment transaction, please note that if you are looking to
post your listing on our website AssignIt.ca takes no responsibility and will not
verify any of the information that you provide. You and your brokerage will become
personally liable for any and all liability that may arise. AssignIt.ca will only
be charging an administration fee upfront regardless of the assignment outcome.
It is important that you realize that you are acting on behalf of your client and
that you have a fiduciary duty to act on their best interest at all times. We recommend
that you take the time to analyze the posting well and compare it to other postings
along with the re-sale market value and the pre-sale developers pricing. You should
also be well versed on the assignment rights of your client. Speak with the developer
and read their original agreement of purchase and sale to find out if they will
consent to an assignment. If they will not allow, you may be able to sell the assignment
whereby the assignee will finalize the transaction after the assignee meets all
their conditions and responsibilities with their developer's final closing.
AssignIt.ca will use our systematic approach to gain consent from all parties and
complete a legal and binding assignment agreement. Your safe bet is to refer your
listing to an Assignment Professional or take the course.