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Real Estate Dictionary: Scarsdale, Eastchester, and New Rochelle New York home buying, real estate listings, and homes for sale in Westchester County, NY

Welcome > Resources > Real Estate Dictionary - A

Open listing	A contract under which the broker is commissioned to find a buyer before the property is sold by the seller or another competing broker
Option	The agreement to keep an offer to purchase or lease open for a specific period of time
Option listing	An agreement by which the broker advertising the property has the right to purchase the listed property himself
Origination fee	A fee paid to the lender for processing a loan application
Owner financing	A property transaction for which the seller provides all or part of the financing to the buyer
Owner's Title Insurance	A policy insuring the full purchase price of a piece of property for the buyer, usually including adjustments for inflation each year up to a maximum of 150% of the original policy amount, the premium for which is payable at the time of closing

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Frank Ledermann, REALTORŽ, real estate agent and broker for Scarsdale, Eastchester, and New Rochelle New York home listings, property and land for sale - NUMBER1EXPERT(tm)

Frank Ledermann - Lic. Associate Broker
Houlihan Lawrence Real Estate
32 Popham Road
Scarsdale, NY 10583
Phone #: 914 723-8877 Ext 337
Cell #: 914-261-8888
Fax #: 914-723-3548
Email: frankledermann@NUMBER1EXPERT.com
With over 28 years of experience as a Realtor, Frank Ledermann of Houlihan Lawrence Real Estate of Scarsdale was a 2004 Gold Level Top Producer a 2005 and 2006 "Platinum Level," and 2007 "Diamond Level" Top Producer for the Westchester County Board of Realtors. He was also the #1 Top Producer for the Scarsdale office of Houlihan Lawrence for 2005, 2006,and 2007 as well as an Emerald Level residential real estate specialist who ranks in the top 3% of all Houlihan Lawrence agents. Frank prides himself on excellent customer service and making each and every real estate transaction a smooth experience for both Buyers and Sellers. As a lifelong learner, Frank has continued his real estate education above and beyond being a Licensed Associate Broker, and holds the following professional real estate designations: ABR (Accredited Buyer Representative), CBR (Certified Buyer Representative), CRS (Certified Residential Specialist), GRI (Graduate, Realtor Institute), SRES (Seniors Real Estate Specialist), and e-PRO (e-PRO certified). Frank is also Relocation Certified with "Leading Real Estate Companies of the World" (formerly known as RELO).

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