- Top Definitions
- Related Content
- New Word List

OTHER WORDS FOR assign
Origin of assign, synonym study for assign, other words from assign, words nearby assign, words related to assign, how to use assign in a sentence.
It is designed to listen to meetings with multiple participants and will parse discussion patterns to produce informative synopses and assign post-meeting action items.
Such randomized, double-blinded controlled trials randomly assign patients to receive a drug or a placebo, and don’t reveal to participants or doctors who is getting which.
That AI could pore over an astronaut’s symptoms and then recommend medical tests, make diagnoses and assign treatments.
So I rose beyond cleaning, to working as an operational dispatcher for cabin services in the American Airlines traffic control center, assign cleaning crews to each incoming aircraft.
Ideally, the Mars spaceship would be equipped with artificial intelligence that could consider an astronaut’s symptoms, recommend medical tests, make diagnoses and assign treatments.
Now the Kremlin will assign more loyal people to rule the region, mostly military leaders.
When we assign a primitive “not me” status to another individual or social group, it can—and does—take us down a destructive path.
Other folks can debate and assign blame for “who lost Iraq.”
Renee Richardson knows she'll likely never be able to assign blame for her son's death—she's done fighting for that.
Girls are directed through several pages of this until they are asked to assign the guy a series of pre-decided adjectives.
The designs of Russia have long been proverbial; but the exercise of the new art of printing may assign them new features.
With what honest pride did John Smith, the best farmer of them all, step to the fore and assign to each man his place!
If the lessee die, his executor or administrator can assign the remainder of his term.
As the lessee may assign or sublet unless forbidden, so may the lessor part with his interest in the leased premises.
If offered any dish of which you do not wish to partake, decline it, but do not assign any reason.
British Dictionary definitions for assign
Derived forms of assign, word origin for assign.

- Britannica Homepage
- Ask the Editor
- Word of the Day
- Core Vocabulary
- Most Popular
- Browse the Dictionary
- My Saved Words
- assign (verb)
- They assigned me the job of cleaning the equipment. = They assigned the job of cleaning the equipment to me. = They assigned me to clean the equipment.
- The teacher assigned us 50 math problems for homework!
- Students will be assigned five books to read and must choose two additional books (to read).
- She was assigned to the embassy in India.
- The new teacher was assigned to the science laboratory.
- assigned to a platoon/squadron
- Parts in the play were assigned [= given ] to each student.
- They assigned me a secretary. = They assigned a secretary to me. [=they provided me with a secretary]
- A section of the field was assigned [= set aside ] for parking.
- The plane landed at its assigned gate.
- our assigned positions/seats
- He believes that they have assigned blame/responsibility to the wrong people.
- The computer program will assign a number to each image.
- She assigned her share of the estate to her brother.
— assignable
- an assignable interest in the estate
— assignor
- the property of the assignor
- About Us & Legal Info
- Partner Program
- Privacy Notice
- Terms of Use
- Pronunciation Symbols
- TheFreeDictionary
- Word / Article
- Starts with
- Free toolbar & extensions
- Word of the Day
- Free content
as•sign
- ABA transit number
- appropriate
- armed reconnaissance
- assignability
- asseveratingly
- asseveration
- asseverative
- asseverator
- Asseveratory
- assibilation
- Assideanism
- assiduously
- assiduousness
- assignation
- assigned risk
- Assignment of dower
- assimilability
- assimilable
- assimilating
- assimilation
- assimilationism
- assimilationist
- assimilative
- assimilator
- assimilatory
- Assimulation
- assident sign
- assident symptom
- Assideration
- assiduities
- assign (something) to
- Assign Alternate Area
- Assign Alternate Parent
- assign and display switch initialization
- Assign Bulk Transfer
- Assign Call Inhibit
- Assign Channel Reassignment
- Assign Commercial Network
- Assign Common Pool
- Assign Data Base
- Assign Digit Editing
- Assign Digital Transmission Group
- assign essential user bypass
- assign fixed directory
- assign frequency for network reporting
- Assign Gateway and Commercial Office Routing
- Assign Individual Compressed Dial
- Assign Interswitch Link
- Assign Local Distribution
- Assign Logical Unit Number
- Assign Medical Transport
- Assign Missile Radar
- Assign Net Rekey
- assign NNX routing
- assign NNXX routing
- assign NYX routing
- assign on-line diagnostic
- Assign Online Diagnostics
- assign preprogrammed conference list
- assign primary zone routing
- Facebook Share
- ABBREVIATIONS
- BIOGRAPHIES
- CALCULATORS
- CONVERSIONS
- DEFINITIONS

Vocabulary
What does assign mean?
Definitions for assign əˈsaɪn as·sign, here are all the possible meanings and translations of the word assign ., princeton's wordnet 0.0 / 0 votes rate this definition:.
delegate, designate, depute, assign verb
give an assignment to (a person) to a post, or assign a task to (a person)
assign, allot, portion verb
"We were assigned new uniforms"
impute, ascribe, assign, attribute verb
attribute or credit to
"We attributed this quotation to Shakespeare"; "People impute great cleverness to cats"
assign, specify, set apart verb
select something or someone for a specific purpose
"The teacher assigned him to lead his classmates in the exercise"
put, assign verb
attribute or give
"She put too much emphasis on her the last statement"; "He put all his efforts into this job"; "The teacher put an interesting twist to the interpretation of the story"
arrogate, assign verb
make undue claims to having
assign verb
transfer one's right to
assign, attribute verb
decide as to where something belongs in a scheme
"The biologist assigned the mushroom to the proper class"
Wiktionary 0.0 / 0 votes Rate this definition:
assign noun
An assignee.
To designate or set apart something for some purpose.
To appoint or select someone for some office.
To allot or give something as a task.
To attribute or sort something into categories.
To transfer property, a legal right, etc., from one person to another.
Samuel Johnson's Dictionary 0.0 / 0 votes Rate this definition:
To ASSIGN verb
Etymology: assigner, Fr. assigno, Lat.
He assigned Uriah unto a place where he knew that valiant men were. 2 Sam. xi. 16.
Both joining, As join’d in injuries, one enmity Against a foe by doom express assign’d us, That cruel serpent. John Milton , Par. Lost, b. x.
True quality is neglected, virtue is oppressed, and vice triumphant. The last day will assign to every one a station suitable to his character. Joseph Addison , Spect. №. 219.
There is no such intrinsick, natural, settled value in any thing, as to make any assigned quantity of it constantly worth any assigned quantity of another. John Locke.
Wikipedia 0.0 / 0 votes Rate this definition:
This article presents a list of commands used by DOS operating systems, especially as used on x86-based IBM PC compatibles (PCs). Other DOS operating systems are not part of the scope of this list. In DOS, many standard system commands were provided for common tasks such as listing files on a disk or moving files. Some commands were built into the command interpreter, others existed as external commands on disk. Over the several generations of DOS, commands were added for the additional functions of the operating system. In the current Microsoft Windows operating system, a text-mode command prompt window, cmd.exe, can still be used.
Webster Dictionary 0.0 / 0 votes Rate this definition:
Assign verb
to appoint; to allot; to apportion; to make over
to fix, specify, select, or designate; to point out authoritatively or exactly; as, to assign a limit; to assign counsel for a prisoner; to assign a day for trial
to transfer, or make over to another, esp. to transfer to, and vest in, certain persons, called assignees, for the benefit of creditors
a thing pertaining or belonging to something else; an appurtenance
Assign noun
a person to whom property or an interest is transferred; as, a deed to a man and his heirs and assigns
Etymology: [See Assignee.]
Chambers 20th Century Dictionary 0.0 / 0 votes Rate this definition:
as-sīn′, v.t. to sign or mark out to one: to allot: to appoint: to allege: to transfer: to ascribe or refer to: to suggest: to fix, as a time: to point out exactly.— n. one to whom any property or right is made over: ( pl. ) appendages ( Shak. ).— adj. Assign′able , that may be assigned.— ns. Assignā′tion , an appointment to meet, used chiefly of love-trysts, and mostly in a bad sense: ( Scots law ) the making over of any right to another, equivalent to Assignment ; Assignee (as-sin-ē′) , one to whom any right or property is assigned: ( pl. ) the trustees of a sequestrated estate; Assign′ment , act of assigning: anything assigned: the writing by which a transfer is made: ( Spens. ) design. [Fr.—L. assignāre , to mark out— ad , to, signum , a mark or sign.]
Dictionary of Military and Associated Terms 0.0 / 0 votes Rate this definition:
1. To place units or personnel in an organization where such placement is relatively permanent, and/or where such organization controls and administers the units or personnel for the primary function, or greater portion of the functions, of the unit or personnel. 2. To detail individuals to specific duties or functions where such duties or functions are primary and/or relatively permanent. See also attach.
Editors Contribution 0.0 / 0 votes Rate this definition:
To give to a person for a specific purpose.
The business did assign their tools to their crew vehicles and did assign them online using their online technology.
Submitted by MaryC on February 13, 2020
Matched Categories
British national corpus.
Verbs Frequency
Rank popularity for the word 'assign' in Verbs Frequency: #770
How to pronounce assign?
Alex US English David US English Mark US English Daniel British Libby British Mia British Karen Australian Hayley Australian Natasha Australian Veena Indian Priya Indian Neerja Indian Zira US English Oliver British Wendy British Fred US English Tessa South African
How to say assign in sign language?
Chaldean Numerology
The numerical value of assign in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of assign in Pythagorean Numerology is: 6
Examples of assign in a Sentence
Morgan Kahmann :
Facebook uses classifiers in their algorithms to determine certain content… they call it ‘vaccine hesitancy.' And without the user's knowledge, they assign a score to these comments that's called the ‘VH Score,' the ‘Vaccine Hesitancy Score,’ and then based on that score will demote or leave the comment alone depending on the content within the comment.
The most likely outcome – to which we assign a probability of 70% – sees both sides concluding a deal, albeit at perhaps a slightly delayed timeframe.
Our reporter was not physically injured but is understandably shaken, at KRON 4, the safety of our personnel is our top priority, which is why we assign security to reporters when working in the field.
Jonathan Parry :
The wording used in judgments is' a realistic prospect' that something might happen, the judge did not assign a percentage, but he made it clear that something doesn't have to be' more likely than not'.
Joseph Sparano :
What we did in this trial was integrate a new diagnostic test, a test that evaluates the expression of a panel of genes to see if we can identify or use it to assign therapy in situations where we knew chemotherapy was really beneficial or in situations where we knew that chemotherapy was not beneficial.
Popularity rank by frequency of use
Translations for assign, from our multilingual translation dictionary.
- تعيين شخص لعمل ما Arabic
- определям, назначавам, приписвам, предназначавам, възлагам Bulgarian
- přidělit, přiřadit Czech
- zuweisen German
- asigni Esperanto
- asignar, designar Spanish
- اختصاص دادن Persian
- valita, määrätä, nimittää, luovuttaa, antaa, siirtää, myöntää Finnish
- designer, attribuer French
- átenged, átruház Hungarian
- menetapkan Indonesian
- asignar Ido
- attribuire, accantonare, categorizzare, assegnare Italian
- 任命, 譲渡, 割り当てる Japanese
- tildele Norwegian
- toewijzen Dutch
- przydzielać Polish
- designar, atribuir, imputar, conceder, conferir Portuguese
- împărți Romanian
- определя́ть, определи́ть, назна́чить, назнача́ть Russian
- chỉ định Vietnamese
Word of the Day
Would you like us to send you a free new word definition delivered to your inbox daily.
Please enter your email address:

Citation
Use the citation below to add this definition to your bibliography:.
Style: MLA Chicago APA
"assign." Definitions.net. STANDS4 LLC, 2023. Web. 3 Mar. 2023. < https://www.definitions.net/definition/assign >.

Discuss these assign definitions with the community:
Report Comment
We're doing our best to make sure our content is useful, accurate and safe. If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
You need to be logged in to favorite .
Create a new account.
Your name: * Required
Your email address: * Required
Pick a user name: * Required
Username: * Required
Password: * Required
Forgot your password? Retrieve it
Are we missing a good definition for assign ? Don't keep it to yourself...
Image credit, the web's largest resource for, definitions & translations, a member of the stands4 network, browse definitions.net, free, no signup required :, add to chrome, add to firefox, are you a words master, a disposition that is confused or nervous and upset.
- A. abet
- B. suffuse
- C. fluster
- D. abrade
Nearby & related entries:
- assignability
- assignation
Alternative searches for assign :
- Search for assign on Amazon
- Search for assign on Google


Pronunciation (US): (GB):
Ipa (us): .
Dictionary entry overview: What does assign mean?
• ASSIGN (verb) The verb ASSIGN has 8 senses:

Familiarity information: ASSIGN used as a verb is common.
Dictionary entry details
• ASSIGN (verb)

Sense 1
Give an assignment to (a person) to a post, or assign a task to (a person)
Classified under:
Verbs of political and social activities and events
assign; delegate ; depute ; designate
Hypernyms (to "assign" is one way to...):
appoint ; charge (assign a duty, responsibility or obligation to)
Troponyms (each of the following is one way to "assign"):
mandate (assign authority to)
cast (select to play,sing, or dance a part in a play, movie, musical, opera, or ballet)
post (assign to a post; put into a post)
cast (assign the roles of (a movie or a play) to actors)
devolve (pass on or delegate to another)
task (assign a task to)
place (place somebody in a particular situation or location)
regiment (assign to a regiment)
reassign ; transfer (transfer somebody to a different position or location of work)
delegate ; depute (transfer power to someone)
mandate (assign under a mandate)
advance ; elevate ; kick upstairs ; promote ; raise ; upgrade (give a promotion to or assign to a higher position)
break ; bump ; demote ; kick downstairs ; relegate (assign to a lower position; reduce in rank)
place (assign to (a job or a home))
Sentence frames:
Somebody ----s somebody something Somebody ----s something to somebody Somebody ----s somebody PP
Sentence example:
They assign him to write the letter
Derivation:
assignment (the act of putting a person into a non-elective position)
assignment (a duty that you are assigned to perform (especially in the armed forces))
Sense 2
Verbs of buying, selling, owning
allot ; assign; portion
Context example:
We were assigned new uniforms
administer ; allot ; deal ; deal out ; dish out ; dispense ; distribute ; dole out ; lot ; mete out ; parcel out ; shell out (administer or bestow, as in small portions)
allocate ; apportion (distribute according to a plan or set apart for a special purpose)
allow ; appropriate ; earmark ; reserve ; set aside (give or assign a resource to a particular person or cause)
Somebody ----s somebody something Somebody ----s something to somebody
Sentence examples:
They assign cars to the tourists They assign the tourists their cars
assignation (the act of distributing by allotting or apportioning; distribution according to a plan)
Sense 3
Attribute or credit to
Verbs of thinking, judging, analyzing, doubting
ascribe ; assign; attribute ; impute
People impute great cleverness to cats
evaluate ; judge ; pass judgment (form a critical opinion of)
Verb group:
impute (attribute (responsibility or fault) to a cause or source)
carnalize ; sensualize (ascribe to an origin in sensation)
credit (give someone credit for something)
reattribute (attribute to another source)
anthropomorphise ; anthropomorphize (ascribe human features to something)
personate ; personify (attribute human qualities to something)
accredit ; credit (ascribe an achievement to)
blame ; charge (attribute responsibility to)
externalise ; externalize ; project (regard as objective)
interiorise ; interiorize ; internalise ; internalize (incorporate within oneself; make subjective or personal)
Somebody ----s something to somebody Somebody ----s something PP
Sense 4
Select something or someone for a specific purpose
assign; set apart ; specify
The teacher assigned him to lead his classmates in the exercise
choose ; pick out ; select ; take (pick out, select, or choose from a number of alternatives)
detail (assign to a specific task)
dedicate (set apart to sacred uses with solemn rites, of a church)
Somebody ----s somebody PP Somebody ----s something PP
assignment (an undertaking that you have been assigned to do (as by an instructor))
Sense 5
Attribute or give
Verbs of eating and drinking
assign; put
The teacher put an interesting twist to the interpretation of the story
apply ; employ ; use ; utilise ; utilize (put into service; make work or employ for a particular purpose or for its inherent or natural purpose)
repose (put or confide something in a person or thing)
Sentence frame:
Somebody ----s something PP
Sense 6
Make undue claims to having
arrogate ; assign
arrogate ; claim ; lay claim (demand as being one's due or property; assert one's right or title to)
Somebody ----s something to somebody
Sense 7
Transfer one's right to
transfer (cause to change ownership)
assignable (legally transferable to the ownership of another)
assignee ((law) the party to whom something is assigned (e.g., someone to whom a right or property is legally transferred))
assignment (the instrument by which a claim or right or interest or property is transferred from one person to another)
assignment ((law) a transfer of property by deed of conveyance)
Sense 8
Decide as to where something belongs in a scheme
assign; attribute
The biologist assigned the mushroom to the proper class
classify ; relegate (assign to a class or kind)
assignment (the act of distributing something to designated places or persons)
Context examples
Any bacterial organism that can be assigned to the species Acinetobacter anitratus.
(Acinetobacter anitratus, NCI Thesaurus/CDISC)
A species of aerobic, Gram negative, rod and cocci shaped bacteria assigned to the phylum Proteobacteria.
(Acinetobacter calcoaceticus, NCI Thesaurus)
Any bacteria that is not assigned to the species level but can be assigned to the Acinetobacter genus level.
(Acinetobacter, NCI Thesaurus/CDISC)
Any bacterial organism that can be assigned to the species Acidovorax temperans.
(Acidovorax temperans, NCI Thesaurus/CDISC)
Any bacterial organism that can be assigned to the species Acidovorax facilis.
(Acidovorax facilis, NCI Thesaurus/CDISC)
Any bacterial organism that can be assigned to the species Acinetobacter calcoaceticus.
(Acinetobacter calcoaceticus, NCI Thesaurus/CDISC)
A non taxonomic grouping of bacteria assigned to the Acinetobacter genus that include the A. calcoaceticus and A. baumannii species.
(Acinetobacter calcoaceticus/baumannii Complex, NCI Thesaurus)
Any bacterial organism that can be assigned to the species Acinetobacter lwoffii.
(Acinetobacter lwoffii, NCI Thesaurus/CDISC)
Any bacterial organism that can be assigned to the species Acinetobacter junii.
(Acinetobacter junii, NCI Thesaurus/CDISC)
Any bacterial organism that can be assigned to the species Acinetobacter johnsonii.
(Acinetobacter johnsonii, NCI Thesaurus/CDISC)
- TheFreeDictionary
- Word / Article
- Starts with
- Free toolbar & extensions
- Word of the Day
- Free content
To transfer to another, as to assign one's right to receive rental income from property to another. To designate for a particular function, as to assign an attorney to defend an indigent in a criminal prosecution. To specify or point out, as to assign errors in a lower court proceeding on a writ of error that is submitted to request a court to reverse the judgment of the lower court.
1) v. to transfer to another person any asset such as real property or a valuable right such as a contract or promissory note. 2) n. the person (assignee) who receives a piece of property by purchase, gift or by will. It often shows up in contracts and wills.
TO ASSIGN, contracts; practice. 1. To make a right over to another; as to assign an estate, an annuity, a bond, &c., over to another. 5 John. Rep: 391. 2. To appoint; as, to appoint a deputy,, &c. Justices are also said to be assigned to keep the peace. 3. To set forth or point out; as, to "assign errors," to show where the error is committed; or to assign false judgment, to show wherein it was unjust. F. N. B. 19.
- 19 year old daughter in jail for bringing marijuana into the jail
- Admeasurement of dower
- Aler sans jour
- allotment of shares
- Ambassadors and Consuls
- Apportionment
- Arctic, Legal Status of
- Assessed Valuation
- assignation
- assignation of writs
- Assigned Account
- Assigned Risk
- Assigned Risk Plan
- Augustus, John
- asportation
- Assassination
- Assault and Battery
- assault by penetration
- assault penalty
- assault with a deadly weapon, sexual assault with a weapon
- Assaulted by bus driver at ATM, any recourse?
- Assaulting a police officer, counterclaims.
- Assertory covenant
- Assessment of damages
- Assets Recovery Agency
- Asseveration
- Assignment for Benefit of Creditors
- Assignment of dower
- Assignment of errors
- Assises of jerusalem
- Assistance, Writ of
- Assize of mort d' ancestor
- Assize, or Assise
- Associate Justice
- associated company
- association
- Association of Chief Police Officers
- Association of Chief Police Officers in Scotland
- assident sign
- assident symptom
- Assideration
- assiduities
- assiduously
- assiduousness
- assign (something) to
- Assign Alternate Area
- Assign Alternate Parent
- assign and display switch initialization
- Assign Bulk Transfer
- Assign Call Inhibit
- Assign Channel Reassignment
- Assign Commercial Network
- Assign Common Pool
- Assign Data Base
- Assign Digit Editing
- Assign Digital Transmission Group
- assign essential user bypass
- assign fixed directory
- assign frequency for network reporting
- Assign Gateway and Commercial Office Routing
- Assign Individual Compressed Dial
- Assign Interswitch Link
- Assign Local Distribution
- Assign Logical Unit Number
- Assign Medical Transport
- Assign Missile Radar
- Assign Net Rekey
- assign NNX routing
- assign NNXX routing
- assign NYX routing
- assign on-line diagnostic
- Assign Online Diagnostics
- assign preprogrammed conference list
- assign primary zone routing
- Facebook Share
Assignment (Real Estate) Definition

Investing Strategy , Jargon, Legal, Terminology, Title
Table of Contents
- What Is an Assignment?
- What is an Assignment in Real Estate?
- What Does it Mean to Assign a Contract in Real Estate?
- How Does a Contract Assignment Work?
- Pros and Cons of Assigning Contracts
REtipster does not provide legal advice. The information in this article can be impacted by many unique variables. Always consult with a qualified legal professional before taking action.
In real estate terms, an assignment of contract is a way to profit from a real estate transaction without ever becoming the owner of the property.
The assignment method is a standard tool in a real estate wholesaler’s kit and lowers the barrier to entry for a real estate investor because it does not require the wholesaler to use much (or any) of their own money to profit from a deal.
Contract assignment is a common wholesaling strategy where the seller and the wholesaler (i.e. – middleman) sign an agreement giving the wholesaler the sole right to buy a property at a specified price, within a certain period of time.
The wholesaler then finds another buyer and assigns the contract to him or her. The wholesaler isn’t selling the property to the end buyer because the wholesaler never takes title to the property during the process. The wholesaler is simply selling the contract , which gives the end buyer the right to buy the property in accordance with the original purchase agreement.
In doing this, the wholesaler can earn an assignment fee for putting the deal together.
Some states require a real estate wholesaler to be a licensed real estate agent, and the assignment strategy can’t be used for HUD homes and REOs.
The process for assigning a contract follows some common steps.
Find the Right Property
This is where the heavy lifting happens—investors use many different marketing tactics to find leads and identify properties that work with their investing strategy. Typically, for wholesaling to work, a wholesaler needs a motivated seller who wants to unload the property as soon as possible. That sense of urgency works to the wholesaler’s advantage in negotiating a price that will be attractive to buyers and cover their assignment fee.
RELATED: What is “Driving for Dollars” and How Does It Work?
Get a Purchase Agreement Signed
Once a motivated seller has agreed to sell their property at a discounted price, they will sign a purchase agreement with the wholesaler. The purchase agreement needs to contain language that clearly allows the buyer to assign their rights in the agreement to a third party . Most standard purchase agreements do not include this language by default, so if the buyer plans to sell/assign the contract, they need to make sure this language is included (note: talk with an attorney to make sure the language included and explained correctly).
RELATED: Wholesaling Made Simple! A Comprehensive Guide to Assigning Contracts
Communicate, Communicate, Communicate
From the very beginning, it’s important for a wholesaler to communicate with their seller about their intent to assign the contract. Many sellers are not familiar with the assignment process, so if the role of the buyer is going to change along the way, the seller needs to be aware of this at or before the time they sign the original purchase agreement .
Find an End Buyer
This is the other half of a wholesaler’s job – marketing to find buyers. Once a buyer has been found, the wholesaler can assign the contract to the new party and work with both the original seller and the end buyer to schedule a closing date.
The assignment is done through a simple “Assignment Agreement” and it allows the new buyer to step into the wholesaler’s shoes as the buyer in the original contract.
While this document technically replaces the wholesaler with the new end buyer, the wholesaler doesn’t get paid until the deal is closed.
Most assignment contracts include language for a nonrefundable deposit from the end buyer, which protects the wholesaler in case the buyer backs out. Although it’s possible to download assignment contract templates online, this is one situation where most experts recommend having your contracts reviewed by an attorney. The assignment wording has to be precise and in accordance with your state laws; having an attorney review your contract protects you against any issues down the road.
Close the Transaction, Assign the Contract & Collect the Assignment Fee
Wholesalers get paid once the end buyer closes the deal. The assignment fee can be a flat amount, a percentage of the purchase price or the difference between the original purchase price and the end buyer’s purchase price.
With an assignment transaction, the end buyer will see precisely how much the wholesaler is getting paid because the end buyer has to sign the closing statement (which states the purchase price from the seller) and the Assignment Agreement (which clearly states the assignment fee being paid to the wholesaler).
If the assignment fee is a reasonable amount relative to the purchase price, most serious investors won’t have any qualms about paying this. If, however, the assignment fee is very large relative to the original purchase price (e.g. – if the original seller agreed to sell their property for $10,000, the wholesaler is collecting an assignment fee of $20,000, and the property is worth $50,000), some end buyers may take issue with this.
In cases where the wholesaler has a substantially higher profit margin, a double closing or a traditional closing is a safer way to close a wholesale transaction. When there are two separate closings taking place, the seller and buyer are not able to see the numbers and overall profit margin being made by the wholesaler between the two transactions.
According to UpCounsel, most contract assignments are done for about $5,000, although depending on the property and the market, it could be higher or lower.
Assigning contracts is a way to lower the barrier to entry for many new real estate investors; because they don’t need to put up their own money to buy a property or assume any risk in financing a deal.
The wholesaler isn’t part of the title chain, which streamlines the process and avoids the hassle of closing two times. Compared to the double-close strategy, assignment contracts require less paperwork and are usually less costly (because there is only one closing occurring, rather than two separate transactions).
On the downside, the wholesaler has to sell the property as-is, because they don’t own it at any point and they cannot make repairs or renovations to make the property look more attractive to a potential buyer. Financing may be much more difficult for the end buyer because many mortgage lenders won’t work with assigned contracts. Purchase Agreements also have expiration dates, which means the wholesaler has a limited window of time to find an end buyer and get the deal done.
Being successful with assignment contracts usually comes down to excellent marketing, networking, and communication between all parties involved. It’s all about developing strategies to find the right properties and having a solid network of investors you can assign them to quickly.
It’s also critical to be aware of any applicable laws in the jurisdiction where the wholesaler is working and holding any licenses required for these kinds of real estate transactions.
Related terms
Double closing, wholesaling (real estate wholesaling), transactional funding.
Bonus: Get a FREE copy of the INVESTOR HACKS ebook when you subscribe!
Free Subscriber Toolbox
Want to learn about the tools I’ve used to make over $40,000 per deal ? Get immediate access to videos, guides, downloads, and more resources for real estate investing domination. Sign up below for free and get access forever.
Join our growing community
subscribers
Welcome to REtipster.com
We noticed you are using an ad blocker.
We get it, too much advertising can be annoying.
Our few advertisers help us continue bringing lots of great content to you for FREE.
Please add REtipster.com to your Ad Blocker white list, to receive full access to website functionality.
Thank you for supporting. We promise you will find ample value from our website.
Thanks for contacting us! We will get in touch with you shortly.

IMAGES
VIDEO
COMMENTS
assign verb as· sign ə-ˈsīn 1 : to give (as a title or right) to someone legally 2 : to pick for a specific use or job assigned them to work in the kitchen 3 : to give out as a portion or task parts in the play were assigned to each person assign homework 4 : to give a certain quality, role, or importance to
to give out or announce as a task: to assign homework. to appoint, as to a post or duty: to assign one to guard duty. to designate; name; specify: to assign a day for a meeting. verb (used without object) Law. to transfer property, especially in trust or for the benefit of creditors. noun Usually assigns.
1 : to give someone a particular job or duty : to require someone to do a particular task They assigned me the job of cleaning the equipment. = They assigned the job of cleaning the equipment to me. = They assigned me to clean the equipment. The teacher assigned us 50 math problems for homework!
assign verb Definition of assign 1 as in to task to give a task, duty, or responsibility to assigned the class with the task of finding something in the state constitution they felt needed changing Synonyms & Similar Words Relevance task entrust charge trust impose commission intrust confer allocate relegate delegate consign recommend allot
1. to give or allocate: to assign rooms at a hotel. 2. to give out or announce as a task: to assign homework. 3. to appoint, as to a post or duty. 4. to designate; name; specify: to assign a day for a meeting. 5. to bring forward; ascribe; attribute: to assign a cause. 6. Law. to transfer (property, esp. in trust). v.i. 7.
What does assign mean? Information and translations of assign in the most comprehensive dictionary definitions resource on the web. Login . The STANDS4 Network.
Dictionary entry overview: What does assign mean? • ASSIGN (verb) The verb ASSIGN has 8 senses: 1. give an assignment to (a person) to a post, or assign a task to (a person) 2. give out. 3. attribute or credit to. 4. select something or someone for a specific purpose. 5. attribute or give. 6. make undue claims to having. 7. transfer one's ...
assign 1) v. to transfer to another person any asset such as real property or a valuable right such as a contract or promissory note. 2) n. the person (assignee) who receives a piece of property by purchase, gift or by will. It often shows up in contracts and wills. Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.
An assignment (or assignment of contract) involves one party to a contract assigning their contractual rights and responsibilities to a third party. In turn, the third party fulfills the terms of the contract. REtipster does not provide legal advice. The information in this article can be impacted by many unique variables.