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Real estate terms that begin with M
Letter M
Principal
A mandate, or power of attorney, is a contract by which one person (the principal) empowers another person (the agent) to do something for them and on their behalf.
When a client entrusts the real estate agency with the task of looking for a buyer or tenant, it entrusts him with a sales or rental mandate. The client is therefore the principal, and the real estate agent the agent.
When a client entrusts the real estate agency with the task of looking for a buyer or tenant, it entrusts him with a sales or rental mandate. The client is therefore the principal, and the real estate agent the agent.
Proxy
A mandate, or power of attorney, is a contract by which one person (the principal) empowers another person (the agent) to do something for them and on their behalf.
The mandatary accepts the mission to act in the name and on behalf of his principal.
The real estate agent is the agent of the client who entrusts him with the sale, rental or management of his property.
The mandatary accepts the mission to act in the name and on behalf of his principal.
The real estate agent is the agent of the client who entrusts him with the sale, rental or management of his property.
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