Definition: A broker who specializes in helping people buy, sell, or lease an operating business or business opportunity. The transaction may involve real estate, a lease, equipment, inventory, goodwill, or several of these assets.
Example
A restaurant owner hires a business broker to market the business and coordinate the transfer of its leased premises.
Keep the distinction clear
Florida's brokerage definition includes business enterprises and opportunities. Selling a business does not always mean selling the building it occupies.
Related terms
Business Opportunity · Going-Concern Value · Goodwill
Keep studying
FREC Course II Syllabus: What to Study for the Broker State Exam
References: Florida Statutes 475.01: brokerage definitions
Pronunciation (US): BIZ-nis BROH-ker (capitals show stress)
Pronunciation reference: Merriam-Webster
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