Found 1 blog entry tagged as arm's length.

Real Estate Word of the Day: Arm's Length

"Arm's length" is a phrase used to refer to a transaction between two unaffiliated parties, each acting independently trying to work in their own best interests. Both buyer and seller possess equal bargaining power, and are not working for or under pressure of the opposite party. Each party acts in their own self-interest to attain the most beneficial deal; neither has any obligation to the other. Agents typically use arm's length transactions to make sure that the price that they buy and sell properties for is according to fair market values. Do note that deals between employers and their employees, or between family members are not arm's length transactions.

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