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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 
In what U.S. home can you find the world's largest refrigerator magnet collection?

A 
Louise Greenfarb of Las Vegas, Nevada has 35,000 unique fridge magnets that she has been collecting since the 1970's.
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The Amyotte Team, REALTOR®, real estate agent and broker for Ottawa, Kanata and Orleans, Ontario home listings, property and land for sale

The Amyotte Team
Keller Williams Ottawa Realty

610 Bronson Avenue
Ottawa ON K1S 4E6
Direct: 613-237-5996
Office: 613-236-5959
Fax: 613-237-8611
Helene Amyotte: Team Leader, Sales Repr
Lauralea McNeely: Team Manager, Broker
Email: Info@Amyotte.com
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