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Explain the three criteria by which team effectiveness is defined.
Commission
A fee or percentage of a sale paid to an agent or employee for facilitating or completing a transaction.
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.
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