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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...
Cindy Tittle Preferred Home Brokers 255 W. Central, Suite 104 Brea, CA 92821 Tel: 714-315-4054 Tel: 714-528-3399 Fax: 714-528-1199 Email: cindytittle@NUMBER1EXPERT.com
My philosophy:
I believe the role of a real estate agent is to guide you through the buying or selling process, taking the time to make sure you understand every step of the transaction.
Comprehensive knowledge of your area:
Being a resident of the area, I know the communities very well and I have in-depth real estate experience. This in-depth knowledge of the area and the real estate market can help you make the most informed decisions.
Committed to ongoing training:
A wide variety of continuing training helps us deliver high quality services to our customers and clients.
Dedicated to your needs:
Because real estate transactions don't stick to regular business hours, I am available seven days a week, often coming in early and staying late as necessary to get the job done.
- NUMBER1EXPERT™ 
