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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 |
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Option |
The agreement to keep an offer to purchase or
lease open for a specific period of time |
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Option listing |
An agreement by which the broker advertising the
property has the right to purchase the listed property himself |
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Origination fee |
A fee paid to the lender for processing a loan
application |
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Owner financing |
A property transaction for which the seller
provides all or part of the financing to the buyer |
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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 |
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Did I Miss the Word YOU Are Looking For? 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...
| Q |
Which U.S. hotel has more fountains than any other hotel in the world?
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| A |
The Bellagio Hotel in Las Vegas, Nevada has more than 1,000 fountains embellishing an 11+ acre artificial lake.
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 See More Real Estate Trivia > |
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Sarah Buchanan
Realty Executives
4435 E Chandler Blvd #200
Phoenix, AZ 85048
480-510-0289
Fax: 480-355-8929
Sarah@findanyazhome.com
I have been a realtor for over 11 years in the Arizona market most notably in the Maricopa and Pinal counties. I have accomplished agent of the month for the Chandler-East valley with Remax. My success over the years has been a perfect balance between listings and prospecting for clients to find the house of their dreams. With my vast network of lenders at my disposal, I can assist you in finding the right lender for you to ensure you understand any challenges you may face in the loan process as well as determining what you may qualify for. Call me and Make the Move That’s Right For You.    
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