Florida Broker Practice Exam

Which type of real estate activity focuses on resale properties and leasing?

1. Residential real estate

2. Commercial real estate

3. Retail real estate

4. Agricultural brokerage

The correct answer is: Residential real estate

The correct answer focuses on the area of real estate that primarily deals with properties where individuals or families reside. Residential real estate encompasses a wide variety of housing types, including single-family homes, condominiums, townhouses, and multi-family units. The emphasis on resale properties and leasing aligns perfectly with residential real estate since it involves facilitating transactions such as buying and selling homes, as well as renting properties to tenants. Leasing is a significant aspect of residential real estate, as many individuals seek rental properties either temporarily or as a long-term living solution. The real estate professionals in this field are well-versed in market trends, pricing strategies, and legal aspects related to leases and ownership transfer. While the other options may involve real estate activities, they each target different specific sectors and do not primarily focus on resale properties and leasing in the same way residential real estate does. For instance, commercial real estate deals with business properties, retail real estate focuses on spaces for retail operations, and agricultural brokerage is centered around farmland and agricultural properties.