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Which of the following is NOT a similarity between an IPO underwriter and a real estate agent? Group of answer choices they have expertise in

Which of the following is NOT a similarity between an IPO underwriter and a real estate agent? Group of answer choices

they have expertise in valuation and marketing

they need to be hired before the sale happens

they both buy the product from the seller and then sell it to the market

they are paid a fraction of what they help sell

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