Which of the following is NOT considered a specialty area in real estate?

The selection of commercial leasing as not being a specialty area in real estate is supported by the context of how real estate practices are typically categorized. In the real estate industry, commercial leasing encompasses a broad range of transactions and activities related to leasing commercial properties, which can include retail spaces, office buildings, and industrial sites.

While commercial leasing is indeed a specialized field, it may be viewed as more of a traditional segment of the broader real estate market rather than a niche specialty area like the others listed. The other areas—REO, short-sales, and foreclosures—represent more specific and often complex situations that require specialized knowledge and expertise due to their unique processes, legal considerations, and market dynamics. These situations can involve negotiation with banks, understanding distressed property transactions, or navigating the intricacies of short-sale processes that are not typical in straightforward leasing scenarios.

Thus, identifying commercial leasing as not fitting into the category of specialty areas reflects a distinction between broader real estate practices and those that require specialized skills due to their unique challenges.