Idaho local data guide
Visibility of Assignment Fees in Idaho Real Estate Transactions
Whether assignment fees are visible to both the buyer and seller in Idaho depends entirely on the closing structure utilized, with standard assignments typically disclosing fees and double closings often concealing them.
Updated with grounded research as of 2026-10-03.
The short answer
In Idaho, the visibility of an assignment fee at closing is determined by the specific closing method chosen by the parties involved. In a standard assignment of contract, the fee is generally disclosed as a line item on the closing settlement statement, making it transparent to both the original seller and the end buyer. Conversely, investors may opt for a 'double closing'—or simultaneous closing—strategy to keep the assignment profit private, as this method separates the transaction into two distinct parts, effectively preventing the original seller from viewing the end buyer’s purchase price.
Key facts
- Standard Assignment Visibility
- In a standard assignment transaction, the assignment fee is typically disclosed on the final settlement statement, ensuring transparency for all parties.
- Double Closing Privacy
- A double closing involves two separate transactions, which allows an investor to keep their profit margin private from the original seller.
Standard Assignment Contracts
When utilizing a standard assignment of contract, the investor transfers their interest in the purchase agreement to a new buyer for a fee. Because there is only one transaction closing, the settlement statement (such as the Closing Disclosure) generally reflects the financial details of the transfer.
Consequently, the original seller is typically aware of the assignment fee because they are a party to the primary contract and the resulting closing documents.
The Double Closing Mechanism
A double closing (or simultaneous closing) is a different structural approach where the investor first purchases the property from the seller and immediately sells it to the end buyer.
Because these are two legally separate transactions, the first transaction (Seller to Investor) does not disclose the terms or pricing of the second transaction (Investor to End Buyer). This effectively creates a 'blind spot' regarding the assignment fee for the original seller.
Key Considerations for Idaho Parties
For those involved in Idaho real estate transactions, it is critical to review closing documents thoroughly regardless of the method used. Understanding whether you are signing an assignment contract or a double close agreement can impact your transparency regarding costs and profits.
Always consult with a qualified Idaho real estate attorney or a reputable title company to understand how specific local practices and disclosure requirements apply to your contract.
Common questions
Is a double close the same as an assignment?
No. An assignment involves transferring the rights to a purchase contract to another buyer. A double close involves two separate closings where the investor briefly takes title to the property before selling it again.
Are assignment fees illegal in Idaho?
Assignment fees themselves are not illegal, provided the contract allows for assignment and the transaction adheres to all applicable state disclosure and real estate licensing laws.
Related Idaho questions
- What are the disclosure requirements for real estate wholesalers in Idaho?
- How do title companies in Idaho handle assignment of contracts?
- What is the difference between a wholesale assignment and a novation?
Sources and verification
- Understanding Real Estate Assignment Contracts (Investopedia) (investopedia.com)
- Wholesale Real Estate: Double Close vs. Assignment (BiggerPockets) (biggerpockets.com)