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Glossary of Real Estate and Legal
Terms and Definitions
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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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Can't find the word or term you are looking for?
No problem.
Just let
me know what it is you are looking for and I will be happy to
research the information and get back to you with it. I am
always looking for new information to add to the dictionary so any
request about a word or term is always welcome.
Almost ready to
relocate to Clark County, Washington? Just considering the
possibility of living here? No matter where you are in the
relocation process I am here to help you and provide any
information you may need.
Bookmark
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and keep this "one-stop" site for all,
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Washington, at your fingertips. Don't miss the
Property Listings that are updated and changed daily.
Need more information
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the area and
have listed and addressed many subjects, here on the site, that are going to be important to you during
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relocation packet
that will be
sent to you upon request.). But, no matter how much information is here
for you there are times when you want to talk to an experienced Realtor
who is an expert on relocation and the Vancouver/Clark County area.
Don't hesitate to contact me with all your questions and I will make
sure they are answered promptly and with the utmost confidentiality.
You can depend on me to make
sure that
all your relocation goals will be met!
 
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