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What is the mechanical advantage of the reeving arrangement shown?
Commercial Property
Real estate used for business activities, including office buildings, retail spaces, warehouses, and industrial sites.
Listing Agreement
A contract between a property owner and a real estate agent, authorizing the agent to act on the owner’s behalf in the sale of the property.
Privity of Contract
A principle in contract law stating that only parties involved in the contract have the right to sue to enforce their rights or claim damages.
Commission
A fee paid for services, typically a percentage of the transaction value, to an agent or salesperson for facilitating or completing a sale.
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