1. One of the main parties to a transaction. For example, the buyer and seller are' principal's in the purchase of real property. 2. In a fiduciary relationship, the person who hires a real estate broker to represent him or her in the sale of property. The phrase, "principals only" often found in real estate ads, is meant to exclude real estate agents from contacting the owners of the property. (See fiduciary).
Barry Goldsmith
| APA | Barry Goldsmith. (2010). principal. Retrieved September 24, 2026, from http://smartdefine.org/principal/definitions/1161124 |
| Chicago | Barry Goldsmith. 2010. "principal" http://smartdefine.org/principal/definitions/1161124 (accessed September 24, 2026). |
| Harvard | Barry Goldsmith 2010, principal, Smart Define, viewed 24 September, 2026, <http://smartdefine.org/principal/definitions/1161124>. |
| MLA | Barry Goldsmith. "principal" 21 October 2010. Web. 24 September 2026. <http://smartdefine.org/principal/definitions/1161124> |