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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 |
|
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 |
|
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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| Q |
Over what famous building is aircraft forbidden to fly at any time?
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| A |
No aircraft is permitted to fly over the Taj Mahal in India. |
See More Real Estate Trivia > |
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The Janet Jurich Team Prudential Snyder Real Estate #1 Brickyard Drive Bloomington, IL. 61704 Phone: 309-825-2078 Email: JanetJurich@gmail.com
Janet's real estate career has evolved into a very successful business. Her experience in sales and service and owning a business in NYC contribute's to her great work ethic. Her client's attribute her success to top quality customer service and caring about what she does knowing that her job affects peoples lives. She has lived in the Bloomington Normal area since 1989. If you are relocating she will show you what Bloomington Normal has to offer.    
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