I'm assuming by "Distance" you are not talking about one that uses a laser to give distance, like Falcone said above, those are pretty pricy.
I'm gonna guess you mean one that is accurate for different distances. As your transit being off a 1/8" of an inch at 25' will make you off by a full inch at 200'. We use a Berger for our transit, anything that is a relatively short distance such as within a 50' radius, we usually use our CST laser level
Why do people not respect us as they do other tradesmen? Because every Tom, Dick, and Harry doesn't think he can be a plumber or electrician!