Assignments of Contracts of Purchase and Sale
REALTOR® Education » Professional Development Program (PDP) » PDP Courses » Assignments of Contracts of Purchase and Sale
Share on Facebook
Share on Twitter

Assignments of Contracts of Purchase and Sale

3 PDP Credits – 1/2 day

Assigning a Contract of Purchase and Sale involves all of the risks associated with any Contract of Purchase and Sale, compounded by the additional risks of an assignment. Licensees advising assignors and assignees must understand the unique challenges of practicing in this area. This course addresses the two forms of Assignment of Contract of Purchase and Sale and serves as a helpful step-by-step guide.

Learn how to:

  • understand the assignment of contract of purchase and sale forms;
  • understand the inherent risks for the assignee and the assignor in any assignment;
  • structure an assignment for the benefit of your client;
  • address complication factors such as deposit protection insurance and deposits paid by way of bonds;
  • understand how GST and the Property Transfer Tax apply to the transaction;
  • take the necessary steps to minimize the risks and the liability; and
  • draft an Assignment of Contract of Purchase and Sale so as to allocate and minimize the risks to the parties involved.

Instructor:

Contact your local member board for course availability and registration.