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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
O
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Open
listing |
A contract under
which the broker is commissioned to find a buyer before the
property is sold by the seller or another competing
broker |
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Option |
The agreement to
keep an offer to purchase or lease open for a specific period
of time |
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Option
listing |
An agreement by
which the broker advertising the property has the right to
purchase the listed property himself |
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Origination
fee |
A fee paid to the
lender for processing a loan application |
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Owner
financing |
A property
transaction for which the seller provides all or part of the
financing to the buyer |
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Owner's Title
Insurance |
A policy insuring
the full purchase price of a piece of property for the buyer,
usually including adjustments for inflation each year up to a
maximum of 150% of the original policy amount, the premium for
which is payable at the time of
closing |
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
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