A real estate lawyer says the kerfuffle over shadow flipping really boils down to how much a seller trusts their realtor, because assignment clauses are perfectly legal.
Timothy Lack, a lawyer with Lunny Atmore, says it’s up sellers to take steps to ensure that unscrupulous realtors don’t use assignment clauses to jack up the price of homes they have dealings with, because once the buyer and seller have agreed to a price, there’s very little recourse.
CBC News – February 09, 2016.
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