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There is some type of valve that the rear brake line goes to near left wheel mine leaking what it called?

Proportioning valve

The proportioning valve is a device that regulates the amount of brake fluid that is sent to the rear brakes. This is important because the rear brakes need less fluid than the front brakes in order to avoid locking up. The proportioning valve is located near the left rear wheel and is connected to the brake line. If the proportioning valve is leaking, it will need to be replaced.