Undisclosed Principal | Real Estate Glossary

Definition of "Undisclosed principal"

A major party to a transaction, such as a seller or purchaser of property, remains anonymous. An example is when someone acts on behalf of a purchaser who wishes his identity not to be disclosed.
Person is not informed by an agent that there is a principal. In this case, the agent has legal ability under the contract.

Form of inland marine insurance under which an insured is indemnified for damage or destruction of h ...

Availability of land in an urban area. ...

Term used for a general class of insurance such as life insurance, property insurance, or workers co ...

Real estate market characterized by sudden and unpredictable short-term price movements. ...

Compiling and maintaining the file of information about the transaction, including the credit repor ...

Coverage primarily for the liability of an individual or organization that results from negligent ac ...

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An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-t ...

The right of a property owner to have and enjoy all of the advantages of property ownership includin ...

The textbook definition of a spec house is \"one built on a speculative basis, without an order on t ...

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