as noted earlier a point is equal to 1% of the purchase / sale price of the property.
so if someone commits to doing something for 2 points and the sale price is $200,000; they are indicating you pay them $4,000 for what they've done.
No matter what you do or do not proceed with, do not accept an offer any where like this without getting it in writing. Otherwise, you could end up in legal spat, lien issues, etc.
PahRoo Appraisal & Consultancy
I haven't heard your quote, but a Point, generally refers to 1% of the selling price or loan amount. Don't accept vague amounts or terms you are not clear on. Whether buying, selling or doing a loan get all terms spelled out in writing and make sure you fully understand what each of the terms mean.
There are real estate glossaries online where you can look up several terms you may not be familiar with.
Like my colleagues, I am not certain about the context/meaning of what you are writing about here.
That being said, yes, "a point" generally means an amount equal to 1%.
Feel free to contact us if you would like to discuss further and in more detail.
Good luck to you!