Florida Broker Practice Exam

Which of the following is NOT one of the five major sales specialties in real estate?

1. Residential

2. Commercial

3. Agricultural

4. Franchise

The correct answer is: Franchise

The correct response is that "Franchise" is not one of the five major sales specialties in real estate. In the real estate industry, the five recognized sales specialties typically include residential, commercial, industrial, agricultural, and property management. Each of these areas focuses on specific types of properties or markets. The residential specialty covers the buying and selling of homes and apartments, catering primarily to individual buyers and sellers. Commercial real estate deals with properties used for business purposes, such as office buildings, retail spaces, and warehouses. Agricultural real estate involves land used for farming or agricultural purposes, which includes farms and ranches. "Franchise," on the other hand, typically refers to a business model or system where a franchisor grants a franchisee the rights to conduct business under its brand and operational system, which differs from the classification of real estate sales specialties. It is not categorized under the major sales specialties of real estate, making it the correct choice for this question.