OfflineI would like to get started assigning properties here in CA but need to fully understand the legal implications first. If I were to sign a purchase agreement with the seller and then sell this to an equity purchaser in an assignment contract would I be considered as a representative of the equity purchaser under CA law? If that is the case I would need to have a real estate sales license under CA law.
I remember reading something indicating that I would not as I would have full equitable title of the house under the contract but I just wanted to verify this before proceeding. Thanks everyone for their input and help. This is a wonderful forum with a great wealth of information.
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You do not have to be a licensed real estate agent in order to assign contracts. A real estate license is required if you are representing someone in a transaction. Since you are only representing yourself in this type of transaction, you will not need a real estate license.