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hey everybody its mark styles of styles law down here at Studio B with yet another question from one of our viewers actually this question came during a class I was teaching about the purchase and sale agreement and the question was what is the difference between a nominee and an assignee so what am I talking about when a buyer buys a property oftentimes that buyer will say I mark styles for my nominee will be the buyer so if you seller accept that then what that means as nominee I can purchase that property in another name nominee another name so maybe its my estate planning revocable trust maybe its a real estate investment trust maybe its an LLC or other type of corporation but its me mark styles the buyer whos controlling that entity so in name only would I be changing the ownership of that so in that scenario mark styles is offering to purchase the property from you but he may move that into another vehicle right very different than assignee assignee right what that says is m
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