Which of the following qualifies as a residential transaction in Florida?

• A. Sale of improved residential property with 4 units or fewer
• B. Lease with option to purchase of commercial office space
• C. Sale of farmland with 50 acres
• D. Transfer of a business interest involving property with 5 residential units

Answer: (A)

Residential transactions are defined by transferring property that is improved for dwelling use and contains four units or fewer. This means the sale is of a dwelling-type property, not a larger or commercial one, and it should not exceed four residential units.

The best answer fits because it specifies the sale of improved residential property with four units or fewer, which matches the definition. The other scenarios involve nonresidential use or exceed the unit limit: a lease with an option to purchase on commercial office space is a commercial transaction, farmland is agricultural property, and transferring a business interest tied to property with five residential units goes beyond the four-unit cap.