Real Estate Words – O

Origination Fee: A one-time cost for the service of processing a loan.
Off-Market: A temporary or permanent removal of a home from the market.
Offer to Purchase: The potential buyer’s terms proposed to a seller.
Office Tour/Caravan: A tour taken by agents of the listing properties their office represents.
Open House (public): The time in which a listing is open for the public to view.
Opinion: Meaning title opinion, it is the conclusive result attained by a title expert in examining a title.
Owner’s Policy: The title policy issued to a homeowner to protect against title defects.