Stuart Michelson has invested in several pieces of real estate. Which one of the properties that Stuart owns would be considered commercial real estate?
A) 4 bedroom home that he does not rent out
B) 20 acre tract of farm land that is sitting idle
C) Fourplex that he rents to college students
D) 100 acres of land in the mountains that he hopes to subdivide and sell as residential lots
E) All of these can be considered commercial real estate.
Correct Answer:
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