Wednesday, April 14, 2010

REAL ESTATE 101 GLOSSARY "O" - OAKVILLE HOMES



Online real estate listings

Properties listed for sale on the Internet.

Open house
A marketing tool in which a listing agent opens a house for view.

Open listing
A property given to a number of brokers to market at the same time.

Open space
Undeveloped land or common areas in a planned community reserved for parks, walking paths or other natural uses.

Oral agreement
Contractual arrangements that are not in writing and are usually not legally binding.

Overhang
A protruding structural feature.


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