Maplewood Real Estate Listings, Home buying, Homes for sale and Relocation in the Maplewood New Jersey Area |
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Real Estate DictionaryA 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 listingA 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 |
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