The Failure Rate of Innovative Products Is

question 70

Multiple Choice

The failure rate of innovative products is:

• A) high.
• B) low.
• C) nil.
• D) moderate.
• E) too difficult to assess.

---

Definitions:

Real Estate Broker

A licensed professional who acts as an intermediary between sellers and buyers of real estate, facilitating transactions for a commission.

Listing Contract

A contractual agreement between a property owner and a real estate broker authorizing the broker to find a buyer or tenant.

Open Listing

A non-exclusive contract allowing a property owner to sell their property themselves or to engage multiple agents without any obligation to pay commission except to the one who brings a valid offer.

Commission

A form of payment to an agent or employee based on the value of sales made or services provided.