Saint Louis, MO asked in Contracts and Real Estate Law for Oklahoma

Q: if I have a purchase and sales agreement on a property with a seller, Is it illegal to assign contract to investor?

Without a Realestate license. Oklahoma

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1 Lawyer Answer

A: Under normal circumstances--if the purchase and sales agreement does not prohibit transfers, and if the transfer itself does not violate any law, the buyer can assign the contract to an investor. CAVEAT: If you are searching for some way to avoid having to get a license to buy and sell real estate as a business for profit you are also searching for trouble.

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