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arm's length sale in real estate
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An arm's length sale of property refers to a transaction where the buyer and seller are unrelated and act independently, without any undue influence or bias. This type of sale is considered to be at fair
market value, as opposed to a non-arm's length transaction, which may involve related parties or other factors that could affect the pricing. In real estate, an arm's length transaction ensures a more transparent and competitive market.
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