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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.
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Tracey Saizan Keller Williams 9355 East Stockton Blvd. Suite 210 Elk Grove, CA 95624 Contact Number: 916-761-8180 Nicole, Personal Asst: 916- 480-8335 Fax: 916-405-5701 Email: tracey.saizan@frontiernet.net
Tracey Saizan received the Chairman's Circle Award in 1995 for being in the top 1% NATIONWIDE. Her credits go on to include being a Gold Circle Million Dollar Producer and having her Certified Residential Specialist designation. She is known in the industry for her aggressive approach to assisting clients, and utilizes today's technology to the fullest to better serve her buyers and sellers. Tracey serves as the President of SAR and is a director for CAR and NAR, and therefore is held in high regard for her ethical standards and integrity. She is highly qualified to meet all of your real estate needs.
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