131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023
The Close
DECEMBER 29, 2022
In real estate, the principal could also refer to a party (the buyer or seller) who has authorized an agent to act on his or her behalf. It could also refer to the managing broker in a brokerage, or the individual who’s ultimately legally responsible for overseeing transactions. Real-estate owned (REO).
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