OILSR Objective value Obligatory advances Obligee Obligor Obsolescence Occupancy Occupancy level Occupancy permit Occupancy rate Offer Offer to purchase Offeree Offeror Office building Office of Interstate Land Sales Registration, OILSR Office of Thrift Supervision, OTS Office park Offset statement Oil and gas lease Oligopoly One-hundred percent location Open Housing Law Open house Open listing Open space Open-end loan Operating expense ratio Operating expenses Operating profit Operating statement Opinion of title Opportunity cost Option Option listing Option to purchase Optionee Optionor Or more clause Oral contract Ordinance Ordinary income Ordinary loss Orientation Original contractor Original cost Original equity Origination Fee Ostensible agency Ostensible authority Other People's Money, OPM Outlawed Outstanding balance Overage Overall Rate of Return, OAR Overall capitalization rate Overall interest rate Overbuilding Overhang Overimprovement Owner Owner financing Owner occupant Owner of record Owner's equity Owner's policy Ownership Ownership form
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You chose: Open listing
A nonexclusive authorization given to a licensee and which may be given to a number of licensees by a property owner, who retains the right to sell directly, to try to secure a purchaser without any liability to compensate anyone but the one who is the first to produce a ready, willing and able buyer who meets the terms of the listing or the one who gets the seller to accept an offer. Upon the sale of the property, the owner is under no obligation to notify anyone of the fact of the sale. |