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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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Real Estate Trivia
Q 
What classic 1932 movie scene was filmed between 923 and 935 Vendome Street in the Silver Lake district of Los Angeles?

A 
Laurel and Hardy tried to lug a heavy piano up a really long outdoor stairway in "The Music Box."
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Lynne & Jim Knurr, REALTOR®, real estate agent and broker for Lake Country, Brookfield and Menomonee Falls, Wisconsin home listings, property and land for sale - NUMBER1EXPERT(tm)

G.M. & The Coach
Lynne & Jim Knurr

Coldwell Banker Residential Brokerage
20350 Watertower Blvd.
Brookfield, WI 53045
414-350-8345
Fax: 262-798-8441
lynneknurr@NUMBER1EXPERT.com

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