Dummy


Definition of "Dummy"

Souhel  Shehady
Souhel Shehady 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.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

Popular Real Estate Terms

Popular Real Estate FAQ