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Real Estate Dictionary
Welcome > Resources > Real Estate Dictionary - A

A 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 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

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

A 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



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Real Estate Trivia
Q 
What is the world's oldest wooden structure?

A 
The oldest wooden buildings are the Pagoda, Chumanar Gate and Temple of Horyu in Nara, Japan, dating from A.D. 670.
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Bondurant Realty, REALTOR®, real estate agent and broker for Radford, Virginia home listings, property and land for sale

Bill Bondurant, Evelyn Clark & Bart Castleberry
Bondurant Realty Corporation

1300 E. Main Street
Radford, VA 24141
540-639-9672
Fax: 540-633-0972
bondurantrealty@NUMBER1EXPERT.com

Bill, Evelyn, & Bart are unquestionably the best resource for handling your real estate needs in Radford and the surrounding area. Since 1990, they have individually sold more homes each year than 95% of the other agents in the New River Valley. Their desire to earn a REPUTATION FOR RESULTS has kept them consistently at the top of their profession. Call or email them today!!!


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