Definition of "Dummy"

Souhel  Shehady real estate agent
Souhel Shehady, Real Estate Agent Century 21 Supreme Realty

Individual acting in the place of someone else in order to conceal their identity. In a real estate transaction, a dummy buys a parcel of real estate in his or her name and then re-sells the property to a third party in order to prevent undue publicity or the loss of leverage when negotiating the original selling price.

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