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Some guy was telling me (And i dont know if it was FCP) that he has a non linear editor that you just drop your scenes into place and save as a avi/mpeg file and it renders in real time. I asked him what that meant and he said "Just that" the file is ready when you hit render.
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It may well RENDER in real time. Rendering a movie means the computer is building all the required clips to show effects as they'll appear in the final product. So if you simply put clips in a line and hit "render", and you have a fast machine, it will do it very quickly.
EXPORTING is a different story... it converts the entire length of the movie to another file format. So I believe Exporting takes a minimum of "real time", and longer depending on your computer.