Which statement is true regarding brokers and sales agents specializing in property transactions?

Brokers and sales agents may specialize in various property types, which is an important aspect of their roles in the real estate industry. This flexibility allows both brokers and sales agents to focus their expertise on specific areas, such as residential properties, commercial properties, or industrial real estate. Specialization enables them to gain in-depth knowledge of market trends, property values, zoning laws, and client demographics, which enhances their ability to serve buyers and sellers effectively.

In contrast, the notion that only brokers can specialize is incorrect. While brokers typically have more experience and perhaps a broader range of responsibilities, sales agents also have the opportunity to choose a niche in the real estate market. Additionally, the statement that specialization is limited to commercial properties overlooks the diverse nature of the real estate market where specialization can encompass residential, agricultural, and other types of properties. The claim that sales agents cannot specialize is also incorrect, as many sales agents successfully carve out niches, enabling them to better meet their clients' needs. Overall, the correct statement highlights the collaborative and diverse nature of the roles that brokers and sales agents hold within the property transaction ecosystem.