What is a common characteristic of commercial transactions?

In commercial transactions, a common characteristic is the requirement for extensive research and negotiations. These transactions often involve significant sums of money and complex legal agreements, which necessitate thorough due diligence. Participants need to analyze various factors such as property value, market conditions, zoning laws, and potential return on investment.

The complexity of these deals means that negotiations can be lengthy, addressing many details that are crucial to both parties. This can include terms of sale, financing arrangements, and any contingencies that need to be satisfied before a deal can close.

The other characteristics mentioned do not accurately reflect the nature of most commercial transactions. For example, transactions do not usually complete within a week due to the complexities involved. Additionally, shorter negotiation periods are uncommon because the stakes are high, leading to more comprehensive discussions. While online transactions do occur, they are not the primary mode for all commercial dealings, which often remain more traditional due to their complexity and the need for personalized negotiation.