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
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...
Pacific Ocean Properties, Inc., Kauai's Premier Real Estate Company, provides a full range of real estate brokerage and resort development services. From our prime sales office on the south shore of Kauai on the grounds of the historic Kiahuna Plantation, we specialize in marketing resort properties and residential real estate on Kauai and in the Poipu area. Since 1987 Pacific Ocean Properties has sold over $900,000,000 worth of real estate.
www.kauaiproperty.com
is brought to you by Pacific Ocean Properties NUMBER1EXPERTS™ in
Poipu Kauai Hawaii Real Estate.
- NUMBER1EXPERTS™ 
