An undisclosed principal would be the same idea when Disney was looking for land in Florida for his theme park.  The agent represented the principal, however the principal (Disney was not disclosed... at least at the time from what I recall)....  The undisclosed principal still could be held liable and sued..in certain instances... so I would suppose that would be one reason an undisclosed principal must be disclosed.

That being said, I am not an attorney and don't practice law, so I would always advise to speak with your attorney.

   Disney World Florida is the classic "straw buyer".  A reporter from Orlando Sentinel (when reporters were actually journalists and not political hacks) got the scoop.

   When must they be disclosed?  Maybe when ordered by a judge. 

As for principal buyers,  add the term "and or assigns" to the contract. For example,  "John Doe as buyer, and or assigns".  You can change the principal buyer (assign the contract) one minute before closing (unless a lender is involved).  

 Why do you ask? 

Like Jon K. Judd said with the Disney land purchase in Florida would be an undisclosed principal. I believe you would have to consult your state laws and an attorney about if and when a principal had to disclose. 

Regardless, if someone with enough money wanted, they are going to have legal counsel take care of things so they are sheltered.

oh, school's in session again.... huh

this is an undisclosed pricipal; unless you really look like this Daniel.

You need to learn how to use Google...

 Utah class is back in session.  Welcome back.

Is that who your picture is?

Others have answered here.  I wish you all the best with your studies. 

Fred has a good answer. 

Daniel,

I think that Roy Kelley gave you a good answer.  When dealing with celebs and titans of industry sometimes their corporation is the principal.  It does not have to disclose who owns the corporation or the trust.  It is done for privacy,  A

Anyone participating in a Transaction should be identified as called for

I like the profile shot Daniel.

an undisclosed principal is the puppet master. only when required.

An undisclosed principle would be someone using a corporation to buy a property.  May still be required to disclose to the feds under the anti-money laundering rules they have in Miami, NY and LA.

What Roy Kelley said. As for when one must be disclosed, depends on your jurisdiction.

I think you have your question answered.

Several good answers here.

See what Roy Kelley said. Disclosure would depend on your local laws and the situation.

You have gotten some good examples and why. It is rare in my area.

Celebrities, athletes, well know business leaders, government figures and others often do not want a buyer to know who is really buying the property. That knowledge could influence negotiation on price, among other things. When does the identity of the principal have to be disclosed? Can’t help you with that one.

Roy Kelley has given you the best answer.  Wishing you the BEST in your studies!

I believe in disclosure regardless.

This occurs when the principal is not disclosed.  A principal needs to be disclosed prior to the close of escrow.

The greatest example was Disney in Florida. The one that will get you in trouble is buying or selling a property in which you have an interest and not disclosing your position 

You have several great answers. Best of luck with your course.

Many good answers already

Interesting answers.

Never had one.

Barbara Todaro nailed this one!

I don't know.

Good answers here Daniel Lloyd