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A 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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The Tim Burroughs Group Keller Williams Realty-Boise 1065 S. Allante Place Boise, ID. 83709 Office: 208-938-8800 Cellular: 208-409-7653 Toll Free : 800-330-4237 Fax-Long distance: 800-330-1376 Fax-Local: 208-938-8731 Email: tim@timburroughsgroup.com
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