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Real Estate Dictionary

Welcome > Resources > Real Estate Dictionary - A

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

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

Option

The agreement to keep an offer to purchase or lease open for a specific period of time

Option listing

An agreement by which the broker advertising the property has the right to purchase the listed property himself

Origination fee

A fee paid to the lender for processing a loan application

Owner financing

A property transaction for which the seller provides all or part of the financing to the buyer

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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Patsy Soden, REALTORŽ, real estate agent and broker for Chester, Long Valley and Mendham, New Jersey home listings, property and land for sale - NUMBER1EXPERT

Patsy Soden
Broker/Sales Associate
Coldwell Banker Residential Brokerage
191 Main St.
Chester, NJ 07930
Cell: 973-713-2471
Office: 908-879-4900
Fax: 908-879-8262
patsysoden@NUMBER1EXPERT.com
I am a Person of Integrity, Honesty and Exhibit True Professionalism - For "No Dollar is Worth My Reputation"