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Real Estate Glossary
Use this real estate glossary to research terms you might run across in a real estate transaction.
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Master AssociationA homeowners' association in a large condominium or planned unit development (PUD) project that is made up of representatives from associations covering specific areas within the project. In effect, it is a "second-level" association that handles matters affecting the entire development, while the "first-level" associations handle matters affecting their particular portions of the project.
 


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