Definition: The field of professional work involving property transactions and services, supported by specialized knowledge, competence, ethical responsibilities, and applicable credentials.
Example
A sales associate combines market knowledge with the duties required when helping a customer purchase a home.
Keep the distinction clear
A professional role does not imply expertise in every specialty. Brokerage, appraisal, legal advice, and engineering can require different qualifications.
Related terms
Real Estate Services · Ethics · Licensee
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 pruh-FESH-un (capitals show stress)
Pronunciation reference: Merriam-Webster
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