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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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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... 

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Real Estate Trivia
Q 
What is the world's longest wall?

A 
The Great Wall of China, at a length of 2,150 miles, nearly three times the length of Britain.
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Paul Grasemann, REALTOR®, real estate agent and broker for East Dundee and West Dundee Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

Paul Grasemann
RE/MAX Gateway

50 Industrial Drive
Gilberts, IL 60136
Phone: 847-414-4040
Fax: 847-574-7592
paul@majorPaul.com

Thanks for takin' time to discuss your needs. I am a full-service residential Broker Associate. For a decade I have met clients with a no-nonsense approach to buying and selling homes.

From our first introduction through to the closing table, I will treat you with respect and courtesy. You will benefit from my professionalism and market experience.

If you are considering relocating into or out of McHenry or Kane counties or the collar communities, take time to drop me a line. The RE/MAX Gateway staff and I will share information with you right away, so you can begin getting acquainted with the local market. Contact me with confidence at 847-414-4040!

REALTORABRMLSEqual Housing


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