Real Estate Glossary

 

 

 

 

 

 

 

 

 

 

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Offer Price
The buying price at which the prospective buyer is currently willing to purchase or rent the property.

Open Listing
A type of listing agreement in which more than one real estate agent may be employed to sell the property. The owner pays a commission only to the agent who finds the buyer.

 

 

 

 

 

 

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