Definition: For Florida's brokerage-relationship disclosure rules, a sale involving improved residential property of four or fewer units, unimproved residential property intended for four or fewer units, or agricultural property of ten acres or less.
Example
The sale of a duplex falls within this statutory residential-sale category.
Keep the distinction clear
This is a definition for a particular brokerage-law context. Do not assume every zoning, appraisal, lending, or tax rule uses the same residential classification.
Related terms
Transaction Broker · Single Agent · Agricultural Property
Keep studying
What Counts as a Residential Transaction? Sales, Rentals, and Exam Examples
References: Florida Statutes 475.278: brokerage relationships and duties
Pronunciation (US): rez-ih-DEN-shul SAYL (capitals show stress)
Pronunciation reference: Merriam-Webster
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