Definition: Activities performed in connection with property or business transactions, such as selling, buying, leasing, or managing for another person. Florida license law determines which compensated activities require a license.
Example
An owner engages a brokerage to market a property, present offers, and coordinate the transaction within its authority.
Keep the distinction clear
The task's substance matters more than the job title. Work performed for another for compensation can require licensing, subject to statutory exceptions.
Related terms
Real Estate Brokerage · Real Estate Profession · Compensation
Keep studying
A BAR SALE: Which Real Estate Activities Require a License?
References: Florida Statutes 475.01: brokerage definitions
Pronunciation (US): REE-ul ih-STATE SUR-vih-siz (capitals show stress)
Pronunciation reference: Merriam-Webster
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