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Dummy


Definition of "Dummy"

Karim Douich
  Coldwell Banker Residential Brokerage

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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