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Fiduciary Duty
An obligation to act in the best interest of another party, emphasizing trust, honesty, and loyalty.
Real-Estate Agent
A licensed professional who arranges real estate transactions, putting buyers and sellers together and acting as their representative in negotiations.
Commission
A fee or percentage of a sale paid to an employee or agent for their services in facilitating the sale.
Principals
In a legal context, individuals or entities who authorize agents to act on their behalf in contractual or negotiation situations.
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