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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 I 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 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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The Linda Low Team Long & Foster Real Estate, Inc. Direct: (202) 232-4733 Fax: (202) 332-3072 Branch Office: (202) 363-1800 Email: linda@lindalowrealtor.com
Linda is one of the premier real estate agents in the Washington, DC area, and her team has been ranked consistently high in the area in residential sales. She and her husband and partner, Rob, have lived in the District for 40 years and know the DC and nearby Virginia and Maryland markets cold. Her love of houses, previous career as an historic preservation consultant, and her 26+ years of dramatic success in real estate sales allows her clients to benefit from her unsurpassed expertise and service. The Linda Low Team produces stellar results. They will maximize the sales price of the house you're selling and/or help you buy your ideal home. Linda's satisfied clients return to her again and again and are her primary source of business. If you're looking for a true DC Metro real estate expert with a great supporting team, you've found her! 

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