Safe Drinking Water Act (SDWA)
A governmentact established by the EPA that sets qualitystandards for water intended for humanconsumption
Safe Drinking Water Act (SDWA)
A governmentact established by the EPA that sets qualitystandards for water intended for humanconsumption.
Safety Clause
A clause in a listing protecting the broker from having buyer and seller wait until the listing expires to make a deal, thereby avoiding …
Safety Clause
A clause in a listing protecting the broker from having buyer and seller wait until the listing expires to make a deal, thereby avoiding the payment of commission. The clause states that if the property is sold during a specified period after the expiration of the listing (or any extension thereof) to a buyer provided during the listing period by the broker, the commission shall be paid.
Salary
A compensation for services, usually paid at specified intervals, and of a set amount
Salary
A compensation for services, usually paid at specified intervals, and of a set amount.
Sale and leaseback
A transaction in which an owner sells her or his improved property and, as part of the same transaction, signs a long-term lease to …
Sale and leaseback
A transaction in which an owner sells her or his improved property and, as part of the same transaction, signs a long-term lease to remain in possession of the premises.
Sale-Leaseback
A sale and subsequent lease from the buyer back to the seller Although the lease actually follows the sale, both are agreed to as …
Sale-Leaseback
A sale and subsequent lease from the buyer back to the seller. Although the lease actually follows the sale, both are agreed to as part of the same transaction.
Sales Comparison Approach
Sales contract
A contract containing the complete terms of the agreement between buyer and seller for the sale of a particular parcel or parcels of real …
Sales contract
A contract containing the complete terms of the agreement between buyer and seller for the sale of a particular parcel or parcels of real estate.
Sales Kit
Materials carried by a salesperson to aid in listings and sales This is the “tool kit” of real estate, containing forms, maps, tape measure, …
Sales Kit
Materials carried by a salesperson to aid in listings and sales. This is the “tool kit” of real estate, containing forms, maps, tape measure, amortization schedules, pens, paper, etc.
Sales-Assessment Ratio
The ratio of the assessed value of a property to its selling price, which is presumed to be market value This shows the percentage …
Sales-Assessment Ratio
The ratio of the assessed value of a property to its selling price, which is presumed to be market value. This shows the percentage of assessed value to market value.
Sales-Associate
One who is licensed to work in real estate under a licensed broker
Sales-Associate
One who is licensed to work in real estate under a licensed broker.
Salesperson
A person who performs real estate activities while employed by or associated with a licensed real estate broker
Salesperson
A person who performs real estate activities while employed by or associated with a licensed real estate broker.
Salvage Value
The value of a building or portion of a building to be moved from one location for use at another site Most often occurs …
Salvage Value
The value of a building or portion of a building to be moved from one location for use at another site. Most often occurs in condemnation, especially for highway purposes, where large areas must be cleared. See also: Scrap Value.