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. …
Non-Liquid Asset
An asset such as a house that is not easily turned into cash. …
Option
A situation in which a buyer puts down money for the right to purchase a piece of real estate within a set time period but does not have an obligation to buy. …
Non-solicitation Order
An order issued by the secretary of state to brokers and agents, prohibiting them from soliciting listings in a designated area. …
Option Listing
A listing agreement with a clause that gives the listing broker the right to purchase the property. …