Definition: Payment of money from someone other than the buyer or seller associated with real estate business.
Used in a Sentence: Sharing a portion of the commission with a party to the transaction is an example of a legal kickback.
Definition: A long thin lot similar to the shaft of a key that is often bounded by as many as five or six lots. Also refers to a lot that has added value because of its strategic location.
Used in a Sentence: Lot six on the street was called a key lot because of its shape.
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