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| Sales incentive
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Extra compensation given to a real estate broker who has surpassed his sales quota, which may be a flat fee or a percentage of the extra sales dollars over the quota. |
| Sales kit
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Literature, sample and other useful information used by brokers or agents for demonstration purposes to prospective purchasers. |
| Sales person
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Individual employed in selling a product or service. |
| Sales price
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The amount of money that is paid by a purchase to a seller for an object that is bought. |
| Sales price list
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Written list of the prices being asked for homes or office buildings which are for sale. |
| Sales ratio analysis
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Evaluation of the cause of the difference between the desired selling price of a property and it's appraisal value. Reasons could include unexpected deterioration of conditions in the area, quick sale needed, poor appraisal, etc. |
| Sales value
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Price a property would bring on the open market. |
| Sales-assessment ratio
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Selling price of a property divided by its appraisal value. If real estate has a selling price of $400,000 but its assessed value is $380,000, the ratio is 1.053. |
| Salinometer
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Device used to measure the salt content of a liquid, which is used for measuring the quality of fresh water produced, on a sampling basis or continually. |
| Salmon brick
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Brick, which is under-fired and, therefore, relatively soft and salmon in color. Since kilns now produce a better quality brick, these bricks, which cannot be used structurally, are usually found in old salvaged brick. |
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