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
Literature, sample and other useful information used by brokers or agents for demonstration purposes to prospective purchasers.
Sales person
Individual employed in selling a product or service.
Sales price
The amount of money that is paid by a purchase to a seller for an object that is bought.
Sales price list
Written list of the prices being asked for homes or office buildings which are for sale.
Sales ratio analysis
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
Price a property would bring on the open market.
Sales-assessment ratio
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
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
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.
