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Welcome > Resources > Real Estate Dictionary - A
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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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Selling Your Home >Locating A Buyer
Listing your home with our agency gives you the advantage of having a team of experts apply themselves to the task of finding you a buyer as quickly as possible. In the process, we try to arrange showing appointments that are convenient to both parties, but it does not always work out that way.
Last-minute appointments are sometimes necessary because buyers who are relocating from other areas are often on tight schedules. This can be annoying to sellers unless they understand the nature of the real estate agent's job. When selling homes, we sometimes have to rely on our intuition. Many sales have been consummated as the result of last-minute appointments.
The prospective buyer who is on a very short house hunting trip may need a house now! In this kind of situation, the real estate agent can make things can happen fast! So when the phone rings at the last-minute, keep in mind that the appointment represents an opportunity for the sale.
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| Q |
Where would you go to visit the largest ancient castle in the world?
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| A |
You would travel to Prague, Czech Republic, to see the Prague Castle, built in the 9th century, with a total surface area of 18 acres. |
 See More Real Estate Trivia > |
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