Definition of "Dummy"
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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