In a real estate transaction, who would typically not be considered a third party?

In a real estate transaction, the buyer is considered a principal party rather than a third party. The buyer is directly involved in the transaction as they are the one purchasing the property, and their interests are central to the agreement. This direct involvement distinguishes them from third parties, who facilitate or enable the transaction without being part of the primary negotiating parties.

A title officer, lender, and appraiser serve supportive roles, helping ensure the transaction proceeds smoothly, but they do not have a vested interest in the property itself—unlike the buyer. The involvement of the buyer as a principal reflects their ownership intentions and obligations associated with the transaction, clarifying why they do not fit the definition of a third party in this context.