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A commercial real estate purchase agreement facilitates the sale of commercial property, allowing a seller and buyer to transfer ownership for cash or other trade. This agreement outlines the sale terms and includes an earnest money deposit. The video tutorial covers essential aspects of commercial real estate purchase agreements and provide guidance on obtaining an official template. It clarifies that commercial property is any real estate intended for profit generation or business activity, differing from residential properties. Examples of commercial properties include office buildings, retail shops, strip malls, hotels, healthcare facilities, multi-family rentals, warehouses, and vacant commercial land.