New Land Estates in Western Australia

option listing
A listing agreement with the clause which gives a listing broker a right to purchase a property.

building code
A comprehensive set of laws which controls a construction or remodeling of the home or other structure.

Federal Housing Administration (FHA)
This government agency operates the variety of loan programs including a Section 203(b) program, which provides low-rate mortgages to buyers who make the down payment of as little as 3 percent.

automatic extension
A clause in the listing contract stating which a agreement will automatically continue for the certain period of time after a expiration date. This is discouraged and prohibited in many states.