1. Why should I allow for an assignment?
2. What if the Buyer/Assignee doesn't close?
3. Can we market on the MLS?
4. Should I be refering to my own agents?
5. Who pays the Interim Occupancy Costs?
6. Do we need the permission from the developer?
7. Should I be opening this assignment to everyone?
8. Will allowing the assignment effect my business?
9. What assurances do I have that I would not be comprimised?

1. Why should I allow for an assignment?
You should allow for assignment for several reasons.
1) Showing cooperation to your investors is good customer care.
2) This should prove to be effective in that you will reap the rewards in future sales and business from these investors.
3) You will negotiate an administrative fee of ($3,000 to $5,000)
4) You will allow them to save about $15,000 in taxes which can be better served in the new home markets.

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2. What if the Buyer/Assignee doesn't close?
Assignor would be ultimately responsible for the closing.

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3. Can we market on the MLS?
No! We realize that the true vendor is the Developer and we respect your policy on this. However, we do list properties for the developer on unsold units and are quite effective in finding an end user for them. Ask about our Auction Plan.

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4. Should I be refering to my own agents?
This poses a conflict of interest, Your agents primary goal is to sell remaining inventory in house. Having us help you to find the odd end user does not restrict your sales people from selling other units. Also, you may find the administration fee to continue the site for a small # of units not feasable.

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5. Who pays the Interim Occupancy Costs?
If they assign their unit, the assignee will pay as of the assignment closing date through to closing and will pay the final closing costs unless specifically negotiated otherwise.

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6. Do we need the permission from the developer?
Yes we will notifiy you within 48 hours of having a mutual client interested in researching their rights to find a sub-purchaser. If you do not cooperate with the assignment we will entertain other methods of closing the transaction, usually involving later closing dates. Unfortunately for you this will leave a bad taste for your past client and they will doubtfully be a returning client nor shall we sell them on the opportunity to go through this experience again. We shall however promote new buying experiences that will be more fruitful and enjoyable with cooperating developers.

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7. Should I be opening this assignment to everyone?
No. If you allow for this you will have hundreds of agents whom will be working on assignments for the first time, ads in papers, web-sites, tv, radio, mls not to mention the clients wanting to sell on their own. This will create a serious burden to your marketability. This is a specialized field and should not be taken lightly. Having 15 years experience in new home sales and knowing the developers ways along with working with a lawyer who was responsible for helping to write the condominium act and is a developers lawyer makes it even more easy (ie appreciate your concerns and respect your marketing efforts)

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8. Will allowing the assignment effect my business?
No. If anything it will help to bring you more transactions by allowing us to bring you our clients in the future. We at assignit.ca respect your rights and privledges to continue with the marketability of your remaining project. We do not market properties on the mls without your consent, we do not advertise or market the units in local papers, ads radio or tv. We merely help end users find properties with this alternative method (assingment) by sending them properties that specifically match their search criteria and upon their request to do so. Alternatively they will be forced to decide on re-sale opportunities only.

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9. What assurances do I have that I would not be comprimised?
At assignit.ca we will inform you of our mutual clients intention, our listing will be based on your consent, we will not advertise your unit on the MLS, or the newspaper,tv or radio. We will only be offering the property information to those whom specifically request it, and finally the assingments will be subject to your consent, approval and applications fees.

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