What type of property is typically involved in commercial transactions?

Commercial real estate is the correct answer because it encompasses properties that are primarily used for business purposes, including office buildings, retail spaces, warehouses, and industrial sites. This type of property is specifically designed to generate revenue through business operations or commercial activities. Transactions involving commercial real estate often involve different legal frameworks, financing structures, and market considerations than those for residential properties.

The other types of properties listed—agricultural land, undeveloped land, and residential homes—do not typically fall under the category of commercial transactions. Agricultural land is primarily used for farming and crop production, undeveloped land refers to parcels that have not been improved with buildings and are not immediately suitable for business use, and residential homes are intended for living purposes. Each of these property types serves distinct functions and involves different buyer motivations compared to commercial real estate, which focuses on investment and income generation.