Can Ann and Martha assign their contract for the sale of a home to another buyer and collect $10,000?

In real estate transactions, the assignment of a contract refers to one party transferring their contractual rights and obligations to another party. For Ann and Martha to assign their contract for the sale of a home to another buyer, the seller's consent is an important consideration.

The correct answer indicates that the seller may refuse to accept the assignment. This is because many real estate contracts contain clauses that prohibit assignments without the seller's explicit consent. Even if Ann and Martha find a buyer willing to take over their contract, the seller of the property has the right to decline this assignment. This protects the seller from being bound to a new party they have not screened or approved.

The other options suggest various levels of obligation or rights concerning the assignment, but in contractual practice, the seller’s consent is typically required for any assignment to be valid unless the contract explicitly states otherwise. Therefore, in most scenarios, the seller retains the authority to either approve or deny the assignment request.