What type of brokerage specializes in selling businesses?

The correct answer is business brokerage, as this type of brokerage focuses specifically on the sale and purchase of businesses, rather than real estate alone. Business brokers are trained to facilitate transactions involving companies, which can include a wide range of activities such as valuating a business, marketing it for sale, finding potential buyers, and negotiating the terms of the sale. This specialization requires knowledge not just of real estate but also of business operations, financial aspects, and legal considerations regarding businesses.

In contrast, residential brokerage primarily deals with buying and selling residential properties, while commercial brokerage focuses on real estate transactions involving commercial properties, such as office buildings, retail spaces, and industrial properties. Property management, on the other hand, involves overseeing and maintaining properties on behalf of owners but does not engage in the buying or selling process of businesses. Therefore, the unique focus of business brokerage on the sale of businesses makes it the correct choice in this context.