Florida · Chapter 01 of 19

The Real Estate Business

Brokerage specialties, property management, appraisal vs. CMA vs. BPO, mortgage loan originators, and the phases of development.

15-minute read · Built for the Sales Associate Exam

brokerage specialtiesproperty managementCMA vs. BPO vs. appraisalmortgage loan originatorsubdividing and developmentresidential construction categories

Brokerage and the Five Sales Specialties

A real estate brokerage brings together buyers and sellers, or landlords and tenants, for compensation. Florida courses group sales work into five major specialties: (1) residential brokerage, the largest, covering homes and small residential properties; (2) commercial brokerage, covering income-producing property such as offices, retail centers and large apartment complexes; (3) industrial brokerage, covering warehouses, factories and distribution sites; (4) agricultural brokerage, covering farms, ranches, groves and timberland; and (5) business brokerage, the sale of business enterprises and business opportunities.

Fla. Stat. §475.01(1)

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