Contracts
An assignment of a real estate contract transfers:
ATitle to the property to the assignee
BThe assignor's rights and obligations under the contract to the assignee✓ Correct
CThe listing agreement to a different broker
DThe mortgage to a different lender
Explanation
An assignment transfers the assignor's contractual rights (and typically obligations) to the assignee. However, the original assignor may remain liable unless the other party agrees to a novation releasing them.
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