Buyer assigns contract to another buyer, higher price......So, it appears that this is legal in Oklahoma (it is...much discussion has come of it lately and there is a company on TV that openly does this), but I wondered if it was legal in other places. The situation is when a buyer (investor) makes an offer on a property and reserves the right to assign it to another party. That buyer then finds another buyer for the property at a higher price, but they don't buy it and flip it, the assign the contract to the new party and at closing the collect their profit, and the seller collects the amount it sold for to buyer 1.Example, Buyer 1 and Seller enter a contract for $10,000 for property A, Buyer 1 finds buyer 2 and agrees to sell it to them for $15000, The contract is "assigned" and agreement between buyer 1 and 2 is written, closing occurs, buyer 2 payd $15000, buyer 1 gets $5000, seller gets 10,000.My first reaction is to stay...this wouldn't happen, seller wouldn't have taken a low offer or somebody else wouldn't pay $5k more but it happens often.So....What are your thoughts on this? Expand and discuss. Agents, non agents etc. Is this just good business skills in the art of leveraging opportunities or is this bordering on practicing Real Estate without a license? Comments....discuss.September 14 2013 - Mustang11YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.