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.

Insurance that follows an insured property. ...

Value of a share of common stock, derived by dividing the total common stockholders' equity at the e ...

Modifications of the single premium deffered annuity, which usually guarantees at a minimum a return ...

Coverage under which the face value, premiums, and plan of insurance can be changed at the discretio ...

The income earned on an investment, typically stated as a percentage of the market price ...

Costs taken over an above what one is entitled to. This can occur either by claiming depreciation co ...

Private mortgage insurance is insurance that protects mortgage lenders against default on loans by p ...

A mortgage banker is a company that originates mortgages and sells them to a secondary market. ...

Whether you are a .boomer. an .X-er. or an .empty Nester. it is never to or too late . to think abou ...

A subdivision is a piece of land divided into several plots in which homes are built. ...

Fannie Mae is a name used by the Federal National Mortgage Association, which is a government-charte ...

A CD, or Certificate of Deposit, is an investment usually made for a given period of time at a fixed ...

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