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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 |
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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 |
Which law allows a person to give another individual up to $10,000 a year without any tax consequences?
|
| A |
The Federal Gift Tax Law allows both parents to give a child (or anyone) $10,000 each in one year. |
 See More Real Estate Trivia > |
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Jodi's Team
Coldwell Banker United Realtors
2513 Quartz
Harker Heights
TX 76548
888-763-0343
254-289-3020
254-200-3849
Fax: 254-526-0375
License#: 438088
soldbyjodi@NUMBER1EXPERT.com
Jodi MacHardy has been serving the Greater Ft. Hood Area as a realtor since 1994 and has consistenly been a multi-million dollar producer for Coldwell Banker United Realtors. She is designated as a Military Relocation Specialist, an Accredited Buyer's Representative, and a Certified Residential Relocation Specialist. In 1997, she was voted #1 Sales Agent with buyer's closed transactions within all three local Coldwell Banker offices.
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