

1,713,581
Since these are terms not nornally used as a contrast it shoulds to me that this is a real estate test question your instructor is talking about. Common sense will help you a lot.
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Autumn Rivera
Lindon, UT
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Nina Hollander, Broker
Charlotte, NC
1,547,084
Assignment is VERY rare. Mostly seen when the buyer can't actually afford the house and is trying to sell it during escrow. The texas house flipper Armando Montelano was big into preaching this method. I'm big into calling "BS" on those offers.
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Inna Ivchenko
Encino, CA
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Kathleen Daniels, Prob...
San Jose, CA
5,396,509
Never.
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Tony and Suzanne Marri...
Scottsdale, AZ
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Richard Weeks
Dallas, TX
3,074,716
1,618,024
2,234,865
I have done a couple of assignable contracts.
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Nina Hollander, Broker
Charlotte, NC
1,157,847
I have seen very few contract novations compared to contract assignments.
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Nina Hollander, Broker
Charlotte, NC
4,322,295
3,988,144
I don't deal with either of these.
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Nina Hollander, Broker
Charlotte, NC
4,434,277
1,466,257
abby tiscareno They are very far and few in between.
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Nina Hollander, Broker
Charlotte, NC
5,585,039
I've seen builders have land agreements assigned to them.... they used a straw...
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Nina Hollander, Broker
Charlotte, NC
3,386,608
Never had an assignment of contract, but was trained to do novation if I ever do.
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Nina Hollander, Broker
Charlotte, NC
5,205,906
3,448,761
5,566,098
Most often, for good reason, contracts are not assignable. As far as novations, rarer still!
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Nina Hollander, Broker
Charlotte, NC
2,719,063
Rare. Although, I am doing an assignment right now.
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Nina Hollander, Broker
Charlotte, NC
5,184,314
Working with investors we do many assignment of contract, very seldom is there a novation.
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Nina Hollander, Broker
Charlotte, NC
930,545
1,658,108
I do not have experience with either of those. I do not believe we have those in SoCal.
5,562,435
8,244,666