A principal isany person involved in a contract,such as a seller,buyer,principal broker,or an owner who has hired an agent as a property manager. As a licensed real estate professional,it is your duty to make sure that the buyer understands that you represent the seller.
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What does principal mean in real estate?
Definition of Principal Aris R. Mendez, Real Estate Agent Keller Williams Greenville Upstate Realty person designating an agent to act for him. Primary individual having full financial liability.
What is principles of real estate practice?
PREFACE About the text Principles of Real Estate Practiceis a modern learning tool for the student preparing to enter the real estate business as a licensed professional.
What is the principle of progression in real estate?
The principle of progression in real estate is related to the value of real estate. It means that the value of homes will increase when they are surrounded with other nice homes.
What is the principal-agent relationship in real estate?
He has a passion for not just the written word, but for finding the universal truths of the world. The principal-agent relationship in real estate exists between the seller and the licensed representative of the buyer.