Definition: The commercial activity surrounding land and buildings, including brokerage, development, investment, leasing, and management.
Example
A company develops residential lots while another firm specializes in leasing completed homes.
Keep the distinction clear
Owning or investing in property is not identical to acting as a licensed broker for someone else. Licensing depends on the activities, compensation, and applicable exemptions.
Related terms
Real Estate Profession · Real Estate Services · Owner-Developer
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 BIZ-nis (capitals show stress)
Pronunciation reference: Merriam-Webster
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