Disclosed Principal

Definition of "Disclosed principal"

Janet Zasada & Leann Anderson
Janet Zasada & Leann Anderson MVP Realty Associates

In a principal gent transaction or contract where a third party knows the name of the principal the agent represents. This is a typical setting in real estate situations. In this arrangement, the agent is not legally bound under the written or oral agreement.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ