HomeReal Estate Glossary

Glossary of terms used on this site

There are 202 entries in this glossary.
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Term Definition
Offer

Oral or written proposal to buy a piece of property at a specified price.

Open listing

Listing that gives a broker a nonexclusive right to find a buyer; the owner can still find a buyer himself and avoid a commission.

Option

The exclusive right to purchase or lease a property at a predetermined price or rent at some future time.

Origination fee

A charge by the lender for granting and processing a new mortgage loan.

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