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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 We Miss the Word YOU Are Looking For? Is there a real estate word that we failed to explain here in our dictionary for homebuyers and sellers? Let us be your personal real estate dictionary! We'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 us know! We always appreciate feedback. Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let us know! We're happy to answer ANY questions. It's our job! There's no obligation, and we promise to get back to you quickly...
| Q |
What building has the largest windows in the world?
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| A |
The Palace of Industry and Technology in Paris, France has three matching windows, each 715 feet high and 164 feet wide and comprised of multiple panes of glass.
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 See More Real Estate Trivia > |
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Bob Kory Team
Bob Kory Property Management
21945 Katy Freeway Suite A2
Katy, TX 77450
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Bob is and has been a top Broker in the Katy, TX area for years. He is the founder of Century 21 Western in 1976. He has personally sold over $300 million in sales- specializing in corporate relocation. Bob knows what it takes to sell at top dollar, as well as getting the best value when buying. Whether you are buying or selling a home Bob’s EXPERIENCE and extensive knowledge is exactly what you need in a real estate transaction. Hire Bob and his team today and let them be the difference in your real estate experience!
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