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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.
 
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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