Johnson Builders is in the new residential construction business. They built a house that sat empty for 6 months after its completion. This type of property would be categorized as a:

Question

Quizplus · Accepted Answer

Dealer property is the correct category because Johnson Builders is in the business of building and selling homes. The house sitting empty after completion indicates it is inventory for sale, characteristic of dealer property.

Johnson Builders Is in the New Residential Construction Business