| Item | Value |
|---|---|
| Is an assignment legal here? | yes |
| What the matrix says about it | Assignment of one's own purchase contract is a common-law right and is not itself licensed activity in this state; the constraint is on MARKETING and on DISCLOSURE. |
| Marketing rule the gate enforces | contract_only |
| What that means in practice | s.87PP reaches one who 'sells, exchanges, purchases, rents or leases, or negotiates, or offers, attempts or agrees to negotiate the sale, exchange, purchase, rental or leasing of any real estate', one who 'buys or offers to buy, sells or offers to sell or otherwise deals in options on real estate', and one who 'advertises or holds himself out as engaged in the business'. The gating words are 'for another person'. F5259 located NO express own-account exemption in s.87PP itself -- the exemption is structural (the 'for another' element), which is a weaker footing than Missouri's. |
| What triggers a licence requirement | Acting 'for another person and for a fee, commission or other valuable consideration' in the sale/exchange/purchase of real estate, or 'otherwise deal[ing] in options on real estate' (M.G.L. c.112 s.87PP). |
| Written seller disclosure required? | yes |
| Basis for the disclosure | Contract term + state UDAP/consumer-protection statute. |
| Statutory wording required? | no |
| F5259 bucket | GO_WITH_CONDITIONS |
| Condition the gate enforces | Market the contract, not the property. The 'advertises or holds himself out' clause makes public property advertising particularly risky here. Attorney review before first use. |
| Verification status | PRIMARY_STATUTE |
| Attorney review required before first use? | yes |
| Lead class | Verdict |
|---|---|
| land | GO_WITH_DISCLOSURE |
| preforeclosure non owner occupied | NO |
| preforeclosure owner occupied | NO |
| probate | GO_WITH_DISCLOSURE |
| tax delinquent | GO_WITH_DISCLOSURE |
the whole grid · probate in MA · the disclosure blocks
Not legal advice. We are not a law firm and we do not draft documents for anyone else. A template is a starting point for a transaction you are a principal in; it is not a substitute for a lawyer licensed in the state the property sits in, and in several states the disclosure below has statutory wording that must be copied exactly. Have counsel read it before you sign.
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