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In a real estate transaction, who are the principals involved if Buyer April is interested in Wayne's condo?

  1. Steve and Wanda

  2. April and Steve

  3. Steve and Wayne

  4. April and Wayne

The correct answer is: April and Wayne

In a real estate transaction, the principals are typically the parties who have a direct interest in the transaction itself. In this scenario, April is the buyer showing interest in Wayne's condo, which means she is one of the parties directly involved in the transaction. Wayne, as the owner of the condo, is the other principal party because he is the seller. The roles of buyer and seller are fundamental in any property transaction, as they are the ones who negotiate the terms, prices, and conditions of sale. Therefore, identifying April and Wayne as the two parties involved accurately reflects who is engaged in the real estate deal. The other names mentioned in the incorrect answers do not hold any relevance to this specific transaction between the buyer and seller.