Well the difference between commercial and residential real estate is actually defined as what is not commercial real estate. Commercial real estate is considered anything that’s not a single family home or a multi family home with four units or less. In other words, everything else that’s real property in the state of Florida is considered commercial real estate. One of the primary differences between purchasing commercial and residential real estate is in residential real estate a seller is obligated to disclose all known facts that materially affect the value of the property. In commercial real estate, it’s buyer beware, so it’s very important for the buyer to obtain due diligence and to have proper representation when purchasing a commercial property.