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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
Is there a real estate word that I failed to explain here in my dictionary for homebuyers and sellers? Let me be your personal real estate dictionary! I'll send a brief explanation of any word or term that you encounter when buying and selling property.
Do you have a suggestion of a real estate word that should be included? Let me know! I always appreciate feedback.
Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let me know! I'm happy to answer ANY questions. It's my job! There's no obligation, and I promise to get back to you quickly...
ABET Inspectons, Jim Mesina, Inspector Lic #0288 Jim Messina has over 28 years experience in inspecting homes in the Greater Houston & Sugar Land areas. Find Out More > View All Affiliates >
This year Glen Gill celebrates 28 years in real estate. As Broker/Owner of his very successful Landmark Properties, his experience shows a love for his profession. To Glen, service means focusing on the client. "There are many people involved in selling or buying a home, and a successful closing involves cooperation with the other parties, as well as skillfully negotiating every aspect of the business in my client's best interest." Glen takes pride in the fact that when the transaction is completed his clients are lifetime friends. Try Glen's superior brand of service and let him become “Your Realtor for Life !” http://www.4aHome.com
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Glen Gill NUMBER1EXPERT™ in real estate for
Sugar Land, Fort Bend and Richmond, Texas
- NUMBER1EXPERT™ 
