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Option fee (Texas) In a real estate context, an option fee is money paid by a Buyer to a Seller for the option to terminate a real estate contract . Option fee funds should not be confused with earnest money . The use of option fees is most common in the residential resale market in Texas. [citation needed]
Earnest payment. An earnest payment or earnest money is a specific form of security deposit made in some major transactions such as real estate dealings or required by some official procurement processes to demonstrate that the applicant is serious and willing to demonstrate an earnest of good faith about wanting to complete the transaction.
Home warranty is one of several terms for a contract between homeowners and companies that cover some of the costs associated with specific repairs and replacements of household objects. Related industries often use such terms as residential service contract and appliance warranty plan. Just as is the case with home warranty in states such as ...
A buyer who has entered into a contract with a seller who wants to back out should consult a real estate attorney. If the buyer wants to take the case to court, they may have grounds to sue the ...
Home insurance. Home insurance, also commonly called homeowner's insurance (often abbreviated in the US real estate industry as HOI), is a type of property insurance that covers a private residence. It is an insurance policy that combines various personal insurance protections, which can include losses occurring to one's home, its contents ...
ERCOT—Electric Reliability Council of Texas, Inc, a regional transmission organization. (US) ERGEG—European Regulators Group for Electricity and Gas; ERIS—Energy Resource Interconnection Service (electricity) ERO—Electric Reliability Organization. The US designated NERC as its ERO. ERoEI—Energy returned on energy invested