Terms Beginning with O

  1. Offer and notification of acceptance

    The two essential elements that must exist in order for a...

  2. Officer’s deed

    A document signed by sheriffs, trustees, guardians, and...

  3. One hundred percent commission plan

    A salesperson compensation scheme in which the salesperson...

  4. Open-end mortgage

    A mortgage loan that may be increased in value by...

  5. Open listing

    A listing contract in which the broker's commission is...

  6. Option

    The privilege of purchasing real estate within a defined...

  7. Optionee

    The recipient of an option and the holder of that option.

  8. Optionor

    The party that allows another to choose from available...

  9. Ownership

    Ownership is the exclusive and exclusive right to keep, own,...