A nonexclusive listing the nonexclusive right to

a. Nonexclusive listing; the nonexclusive right to secure a purchaser,
given by a property owner to a real estate agent; more than one
agent may be given such authorization, and only the first to procure a
ready, willing, and able buyer""or an offer acceptable to the
seller""will be entitled to compensation. (Real Estate Principles, Real
Estate Practice). b. A listing in which the owner of the property gives
the right to sell or lease a property to a number of brokers, who then
can work simultaneously to effect a sale or lease. Compensation is
owed to the broker who procures a ready, willing, and able buyer or
tenant. (Real Estate Brokerage). c. Nonexclusive-right-to-sell listings.
(Real Estate Law).
An act that disturbs the use or
enjoyment of the property of
another.
35b

Opinions Of Title: Or More Clause:
Option: Ostensible Agency:
Optional Advances: Parol Evidence Rule:
Option Listing: Partially Amortized Loan:
Order Paper: Partial Zoning:
36a

A clause that allows debtor to
increase payments without
prepayment penalties.
Opinions of the marketability of a
title given by an attorney based on
the abstract of title.
a. Holding out an agency relationship on
which another relies. (Real Estate Principles).
b. An agency created by implication when
the principal intentionally, or by want of
ordinary care, causes a third person to
believe another person is the agent of the
principal, although no actual agency exists.
(Real Estate Law).
a. A right given for a consideration to purchase or lease property on
specified terms within a specified time, with no obligation on the part
of the person receiving the right to exercise it. (Real Estate Principles,
Real Estate Practice). b. An irrevocable right given to one party to
bind another party to an agreement if the party wishes to do so. (Real
Estate Law). c. A right given for a valuable consideration to purchase
or lease property at a future date, for a specified price and terms. The
right may or may not be exercised at the option holder's (optionee's)
discretion. (Fundamentals of Real Estate Appraisal). d. An agreement
to keep open for a set period an offer to sell or purchase property.
(Real Estate Economics).
The general rule that verbal
evidence cannot be used to modify
a clearly written contract.
Advances on a loan that the lender
is not obligated to make.
A loan in which payments fail to
liquidate loan by due date, resulting
in a final balloon payment.
a. A listing agreement that gives the listing broker
the right to purchase the listed property; because of
the potential for the appearance of impropriety, if
the option is exercised the principal should be
informed of the broker's profit in the transaction and
agree to it in writing. (Real Estate Principles). b. A
listing combined with an option of the agent to
purchase the property. (Real Estate Law).