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A recent post to a Facebook group devoted to assignment sales. The owner says they contracted with the developer to buy the unit when completed for $1,347,900. They are now willing to lose their ...
Among 69 projects it found 2,810 contracts that were flipped. Most pre-construction contracts bar owners from advertising an assignment sale on a real estate multiple-listing system.
Commercial realtors caught up in assignment crackdown New rules to curb "shadow flipping" will add more paperwork to B.C.’s $8 billion commercial real estate sector, say realtors ...
But the legislationexempts new developments, including pre-sale condos, even if a licensed realtor sells the assignment, according to the Real Estate Council of BC and the Ministry of Finance.