Here's the context for the question: Proposition 4.6 of Freitag and Kiehl's book on etale cohomology shows that a sheaf (of sets) $\mathcal{F}$ (on the site Et(X)) is constructible if and only if it is the coequalizer of an etale equivalence relation $\mathcal{R}\rightrightarrows \mathcal{Y}$, where $\mathcal{R}$ and $\mathcal{Y}$ are representable sheaves. Here an etale equivalence relation is defined exactly as you would expect: $\mathcal{R}\rightarrow \mathcal{Y}\times \mathcal{Y}$ is injective, and for every etale $U\rightarrow X$, $\mathcal{R}(U)\subset \mathcal{Y}(U)\times \mathcal{Y}(U)$ is an equivalence relation (of sets).

Now if the quotient $\mathcal{Y}/\mathcal{R}$ "should" be represented by the quotient $Y/R$ (where $Y$ represents $\mathcal{Y}$ and $R$ represents $\mathcal{R}$), well, it sounds like constructible sheaves should be algebraic spaces, or at least there should be some relationship. On the other hand, I don't think this could be right.

So is the problem that you can't take sheafy quotients like this, or is it something more subtle?