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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