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Offer
A specific proposal to enter into an agreement with another. An offer is essential to the formation of an enforceable contract. An offer and acceptance of the offer creates the contract. |
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Open House
The showing of a property being offered for sale without the necessity of appointment. |
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Open Listing
A listing agreement with one or more real estate brokers to sell or lease one's property on a non-exclusive basis. |
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Owner Financing
A property purchase that is partly or wholly financed by the seller. |
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Owner Occupied
A property in which the legal owner lives on the property. |
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