| 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 | unverified_fails_closed |
| What that means in practice | F5259 did not obtain the primary text of W.Va. Code 30-40-4 (definitions) + 30-40-8 (licence required). Per the F5118 design rule, a cell with no primary source is marked UNVERIFIED and FAILS CLOSED to NO on every lead class -- it is never guessed open. This is NOT a finding that West Virginia prohibits assignment; it is a finding that we have not read the statute. Most US broker statutes turn on acting 'for another' and 'for compensation', which would put own-account assignment outside them, but that must be read, not assumed. |
| What triggers a licence requirement | UNVERIFIED BY F5259. Statute to read: W.Va. Code 30-40-4 (definitions) + 30-40-8 (licence required). |
| Written seller disclosure required? | yes |
| Basis for the disclosure | Contract term + state UDAP/consumer-protection statute. |
| Statutory wording required? | no |
| F5259 bucket | EXCLUDE |
| Condition the gate enforces | EXCLUDED as UNVERIFIED. To promote: read W.Va. Code 30-40-4 (definitions) + 30-40-8 (licence required) and record the own-account exemption and any assignable-contract / wholesaling clause verbatim. |
| Verification status | UNVERIFIED |
| Attorney review required before first use? | yes |
| Lead class | Verdict |
|---|---|
| land | NO |
| preforeclosure non owner occupied | NO |
| preforeclosure owner occupied | NO |
| probate | NO |
| tax delinquent | NO |
the whole grid · probate in WV · 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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