Final answer:
The transaction that is likely to be exempt from sales and use taxes is the rental of real property. Option c.
Step-by-step explanation:
Rental of real property is likely to be exempt from sales and use taxes. This means that when an individual or organization rents real property, such as a house or an office space, they are not required to pay sales and use taxes on the rental fee.
This is because sales and use taxes are generally imposed on the sale of tangible personal property, such as physical goods like clothing or electronics, and services like restaurant meals or consulting services.
Therefore, the correct option from the given choices is c. Rental of real property.