medium · National Real Estate Exam
A buyer and seller have a signed contract. The buyer assigns their interest in the contract to a third party.
What is being transferred in this assignment?
- The buyer's legal title to the property.
- The buyer's equitable title and all rights and obligations under the contract.
- A right of first refusal to buy the property in the future.
- Only the right to recover the earnest money if the seller defaults.
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