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Real Estate Glossary

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Joint Agent

Here one /two or more agents are jointly instructed by a principal to act on his behalf. In the case of real estate agents this is normally on the basis that if any one of the agents effect the sale, letting or other joint agent(s) will share the remuneration in agreed proportions.

Joint Ownership Agreement

An agreement between owners holding the same property, defining their rights, ownership, monetary obligations and responsibilities.

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