Spam prevention
Rainmaker
928,077
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Jun 10, 2019 10:37 PM
Rainmaker
770,036
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

What Roy Kelley posted for you

Jun 11, 2019 05:15 AM
Rainmaker
1,543,725
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

The record is skipping again, push the needle

Jun 11, 2019 04:10 AM
Rainmaker
5,389,006
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Like assignmentnovation transfers the benefits under a contract but unlike assignmentnovation transfers the burden under a contract as well. ... Novation does not cancel past rights and obligations under the original contract, although the parties can agree to novate these as well.

Assignment and novation - Out-Law.com


https://www.out-law.com/en/topics/projects...contracts/assignment-and-novation/
Jun 11, 2019 03:53 AM
Rainmaker
3,099,951
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Deja vu all over again and again and again!

Jun 11, 2019 04:02 AM
Ambassador
1,641,860
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Check Google.

Jun 11, 2019 03:04 AM
Rainmaker
3,020,308
Richard Weeks
Dallas, TX
REALTOR®, Broker

An assignment is when a buyer sells their equitable interest in a property to another.  A novation is when you draft a new contract.

Jun 11, 2019 02:37 AM
Rainmaker
1,124,492
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty

I just wonder, where did you get all those questions?

Jun 10, 2019 08:46 PM
Rainmaker
1,069,366
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good luck with your studies. 

Jun 10, 2019 07:35 PM
Rainmaker
1,607,672
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Why not ask your teacher... oh wait, he's laughing all the way to the bank.

Jun 10, 2019 07:21 PM
Ambassador
3,319,368
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Yep, déjà vu!

Jun 11, 2019 07:59 PM
Rainmaker
2,784,074
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Very good responses already.

Jun 11, 2019 02:29 PM
Rainmaker
1,239,796
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

.

Jun 11, 2019 10:57 AM
Rainer
148,942
Byron K . Jones
Coatesville, PA
List Today - Sold Tomorrow!

yes

Jun 11, 2019 09:02 AM
Rainmaker
2,791,885
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

I wish you all the best with your real estate studies.

Jun 11, 2019 08:02 AM
Ambassador
4,222,484
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Roy is an attny and answers this well.

Jun 11, 2019 05:18 AM
Rainmaker
56,547
Kris Collis, Associate Broker
Smart Way America Realty, 570-507-7510 - East Stroudsburg, PA
Professional Results you Expect 570-507-7510

This question posted twice.

Jun 10, 2019 07:39 PM
Rainmaker
4,086,059
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Same question, same answer.

Jun 25, 2019 04:10 PM
Rainmaker
761,716
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

I don't know why people answer question from Anonymous!

Oh, I just did.

Jun 12, 2019 03:21 PM
Rainmaker
680,670
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I have never, in 20+ years, dealt with either.

Jun 12, 2019 02:19 PM
Rainer
4,069
Kanah Teagyn
KT Real Estate Student - Sandy, UT
Studying the pre-licensing course

If you want to transfer the burden of a contract as well as the benefits under it, you have to novate. Like assignment, novation transfers the benefits under a contract but unlike assignment, novation transfers the burden under a contract as well.

Jun 12, 2019 07:35 AM
Rainer
2,665
Wendy Katerberg
RE/MAX of Grand Rapids - Wyoming, MI
Realtor, Broker, Assoc Broker, GR and surrounding

Contract assignment is tranferring the interest in a construction contract from one party to another. You can transfer from one party to another via novation as well. However, novation is also tranferring the rights and obligations to a third party.

Jun 11, 2019 09:06 PM
Rainmaker
4,452,251
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

This has been answered recently, and Google has the answer also.

Jun 11, 2019 06:56 AM
Rainmaker
1,015,527
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

(RE)novation is a new contract superceding old one.

Jun 11, 2019 06:43 AM
Rainmaker
5,001,147
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Roy Kelley gave you the answer....

Jun 11, 2019 05:36 AM
Rainmaker
3,280,817
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Utah has a problem!

Jun 11, 2019 05:25 AM