Forms of specialization include:

1. Property type: residential, commercial, industrial, land. 2. Geographical area: defined by natural barriers, streets and highways, or subdivisions. 3. Type of transaction: sales, leases and subleases, exchanges, and options. 4. Type of client: many brokers restrict their business to representing either buyers and tenants or sellers and landlords exclusively. 5. Type of relationship. 6. By form of business organization: specializing in one type of client. 7. By form of client relationship: advisory vs. transaction based.