Inventory (increase). What kind of a mortgage do they have? c. 200 acres 4. the point of beginning is associated with: 5. A basis of $148,000 and no taxable gain, B. A. 105- Agent Alice has received an offer that she believes is not in the sellers best interest. What kind of loan do they have? a. survey For example, an accountants job requires the analysis of financial data for a company. The borrower makes payments of interest only over the term of the loan. c. reliction c. easement Two years ago, you bought a property for $264,500. This can result in a transformation of factors of production for entire industries. These claims are overblown, but soil erosion is a problem and we can do something about it. Licenses: All visualizations, data, and articles produced by Our World in Data are open access under the Creative Commons BY license. During an economic contraction or when they suffer losses, companies cut back on capital expenditure to ensure profits. b. buyer 50- Harry has some buyers that he believes are ready to make an offer. b) define symbols and develop mathematical model, how does a change in each variable affect demand, Explain in details 4 different ways in which Information is Critical to an entrepreneurship, It has been said that entrepreneurship is Contextual and it will manifest differently in different countries and religion. Who will pay the points? The purchase price, plus depreciation, B. 48- The public report that a developer must provide when offering subdivided lands for sale is provided by which agency? What is the median of these numbers: 19, 11, 64, 36, 81, 22, 35, 95? c. in each township section 7 is south of section 6. d. there are 36 sections in a township. The Uniform Commercial Code covers the sale of goods over $________. Because entrepreneurs are vital for economic growth, countries are creating the necessary framework and policies to make it easier for them to start companies. Tell the sellers exactly how she feels and why she thinks the offer is not a good one. In the above question, the increased value created by the assemblage is called: There are two main uses of agricultural land: arable farming (which is land dedicated to growing crops), and pastureland (which includes meadows and pastures used for livestock rearing). For example, the construction worker at a hotel site is part of labor, as is the waiter who serves guests or the receptionist who enrolls them into the hotel. For example, private enterprises and individuals own most of the factors of production in capitalism. On this page you can find all our data, visualizations and writing relating to crop yields. The three methods used to legally describe land are: How much is your property worth today? d. appreciation, 40. During this interim period, grant makes monthly rent payments and the owner accepts them. 14- Value includes which of the following aspects? A net listing is illegal in all states. Labor refers to all wage-earning activities, such as the work of professionals, retail workers, and so on. By increasing crop yields we can reduce the amount of land we use for agriculture. c. 66 feet You want to insure it for 80% of value and the annual insurance premium will cost $5.75 per thousand. The cost of land typically includes all, except a. Grading, filling, draining and cleaning cost b. He just sold it for $13,000. Why? The right of ingress and egress over the land of another person is call a: Productivity measures the efficiency of production in economics. How would Grants lease at this time be classified? pheromone traps A. What test would determine the ground's ability to absorb water? 69- According to ECOA, lenders cannot discriminate against potential borrowers on the basis of all but which of the following? C. Neither Sarah nor Ken can get employer-provided health insurance. B. The right to construct and maintain tunnels, subways, subcellars, pipelines, sewers, etc. is the definition of _________ rights. Sustainable land use can help to reduce the impacts of agriculture and livestock, preventing soil degradation and erosion and the loss of valuable land to desertification. B. Ken must obtain his own training. The World Bank divides the world into four groups. returns on investment is computed in the following manner. HINT: Round the acreage amount to two decimal places, An appraisal report is defined as the ____________ communication of an appraisal; the document transmitted to the __________upon completion of an appraisal assignment.. \end{matrix} Find and create gamified quizzes, lessons, presentations, and flashcards for students, employees, and everyone else. d. to make sure the improvements are constructed on the mortgaged lot, d. to make sure the improvements are constructed on the mortgaged lot, 33. The most common lease in agriculture is a land lease. In appraisal, the concept that a higher-priced property will be worth less in a lower-priced neighborhood than it would in a neighborhood of comparable properties is the definition of the principle of. It amalgamates past approaches to economic theory, such as the concept of labor as a factor of production from socialism, into a single definition. Production, such as manufacturing, can be tracked by certain indexes, including the ISM manufacturing index. Other grazing lands include woodlands, native pastures, and croplands producing forages. 31- Patrick has a written independent contractor agreement with his broker Tami. The appraiser must avoid mentioning this structure in the report. Let T(t) be the temperature (inF)\left(\text { in }^{\circ} \mathrm{F}\right)(inF) in Seattle t hours after midnight on May 7, 2012. Deforestation can include clearing the land for farming or livestock, or using the timber for fuel . The definition of factors of production in economic systems presumes that ownership lies with households, who lend or lease them to entrepreneurs and organizations. A. b. a description of the property using metes and bounds A. Brenda must follow all of Jims instructions. It does not include land that is predominantly under agricultural or urban land use. Which type of pesticide has fewer deleterious environmental effects? Manufacturers within the United States, which had been in the throes of an economic recession after the financial crisis, cut back on their investments related to production due to tepid demand. earnings equal sales minus the cost of sales a. Starting at tree with a notch inside section 14, T3N, R2E of the Montana principle meridian go W 1/4 mile, then S 680 ft, E 1320ft, thence straight line back to the POB. Which of these factors would result in a violation of USPAP if the appraiser based his or her appraisal fee on it? Today, capital and labor remain the two primary inputs for processes and profits. 87- What information can you gather from the newspaper to help develop a Prospecting Plan? The median price of homes sold in your county nine months ago was $217,400. 36- Broker Eric secures a loan for buyer Paul. d. lien, 35. What Is Depreciation, and How Is It Calculated? B. Is equal for each year over the life of the property, C. Is high during the first five years of the ownership period, then reduces gradually over the life of the property, D. Varies according to the expired life of the improvements made to the property. These include any resource needed for the creation of a good or service. The home comes equipped with all furnishings. The ___ has oversight authority over state appraisal boards: Which is not true concerning the highest and best use of land as though vacant? Last year, about 25% of his income came from sales commissions. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. Which statement is true? The main cause of undernutrition and food insecurity globally is lack of available food. Image by Sabrina Jiang Investopedia2020, Absorption Costing Explained, With Pros and Cons and Example, What Is an Amortization Schedule? b. 11- Broker Jill has an agreement with seller Alice that says Jill will receive compensation if anyone except Alice sells Alices home, what kind of agreement is this? He hired two people, an engineer (Dustin Moskovitz) and a spokesperson (Chris Hughes), who both allocated hours to the project, meaning that their invested time became a factor of production. You can get a loan for 90% of value. How many acres is that? Practice Questions with no Answers for Preview, >ALL Real Estate Practice Class Questions with Answers & most with Explanations. In zoning, the distance from the street to the front of a house is called: Installation of central air conditioning, D. Addition of a tenant laundry facility. 5. The price expected for a whole property, e.g., a house, or a part of a property, e.g., a plumbing fixture, that is removed from the premises usually for use elsewhere is the definition of ____________ value. B. What is Gregs capital gain on the apartment? The broker will not provide any. A. d. accretion, 36. a triangular lot with a base of 300 ft on the street contain 10,000 sq yards What is the depth of the lot? B. Pastureland. Fannie Mae FDIC OCC FRB. C. Recommend a counteroffer back to list price. It must be in writing to be enforceable. The federal financial institutions regulatory agencies directly involved in fair lending include all of the following EXCEPT. 4 Factors of Production Explained With Examples, Fiscal Year: What It Is and Advantages Over Calendar Year, How a General Ledger Works With Double-Entry Accounting Along With Examples, Just-in-Time (JIT): Definition, Example, and Pros & Cons, Net Operating Loss (NOL): Definition and Carryforward Rules, NRV: What Net Realizable Value Is and a Formula To Calculate It, No-Shop Clause: Meaning, Examples and Exceptions, Operating Costs Definition: Formula, Types, and Real-World Examples, Operating Profit: How to Calculate, What It Tells You, Example, Production Costs: What They Are and How to Calculate Them, What Is a Pro Forma Invoice? If you apply for the loan, how much can your maximum monthly payment be? Pastures are those lands that are primarily used for the production of adapted, domesticated forage plants for livestock. Business Accounting 1. Give a discount to families with children. This topic page can be cited as: All visualizations, data, and code produced by Our World in Data are completely open access under the Creative Commons BY license. 5 acres 78- Nancy bought her home last year for $425,000. C. Once filed, it remains until terminated. c. to protect against liens D. The selling agent must provide the disclosure to the buyer as soon as practicable prior to the execution of the buyers offer to purchase. b. littoral Entrepreneurship is the secret sauce that combines all the other factors of production into a product or service for the consumer market. Buyer Amanda asks if she can measure the windows to see if her current drapes will fit. 30- Being prepared to handle incoming phone calls means all of the following except which? B. The majority of GM crops in the United States are regulated by the United States Department of Agriculture. Special assessment for drainage system c. Private driveway and parking lot d. Assumption of any lien on the property; Answer C. Fence and parking lot are reported as a. 40- Which of the following phrases should Salesperson Brenda avoid when writing an advertisement for one of her listings? Which of the following uses of pesticide can lead to ecological imbalance? 85- Which paragraph of the purchase agreement states that the balance of the purchase price will be deposited into escrow prior to closing? In conclusion, The term "permanent cropland" includes wooded plantations used to harvest fruit but excludes tree farms and true forests utilized for wood or lumber. Purchase of investments. What kind of closing technique is Jim using? B. [2] [3] It is generally synonymous with both farmland or cropland, as well as pasture or rangeland . An example of entrepreneurship is the evolution of the social media behemoth Meta (META), formerly Facebook. The cash rent lease and the crop-share lease are the two most frequently used land leases in agriculture. 75- All but which of the following is NOT an AIDA feature? resistant to viral diseases, drought, heat, or herbicides. Decks in Basic Appraisal . 2240 acres For purposes of federal income tax, which statement is true? D. Do not show the home between 10 a.m. and noon on Sundays. Ask the buyers to sign a real estate transfer disclosure statement. (d) 1.81019m1.8\times10^{-19}\;\mathrm{m}1.81019m They have $20,000 for a down payment and assumed the sellers mortgage of $75,000. To that end, technologylike moneyis a facilitator of the factors of production. Whoever brings the buyer will get the commission. This analysis can only be applied if there are no existing improvements. How many months inventory does this represent? Which of the following is Kirk himself not likely to do during the application process? b. Land resources are the raw materials in the production process. All of the following statements about sections as defined in the US government survey system are true EXCEPT: b. a parcel of land is 1/8 mile by 1/8 mile is 40 acres. Your property, which consists of a house on a lot, is valued at $186,000. 2. Capital also follows a similar model in that it can be owned or leased from another party. a0=mc2c=2cE1=212mc2. D. All adjustable rate mortgages have negative amortization. When, is 0.100 M, the rate of disappearance of ethyl bromide is, 1.7107M/s1.7 \times 10 ^ { - 7 } \mathrm { M } / \mathrm { s } The length of the front of a lot on the street is referred to as the lot's: 3400 acres Sustainable agriculture encourages the use of antibiotics to prevent disease. C. Identifies buyers for other properties. When he coded the minimum viable product himself, Zuckerbergs labor was the only factor of production. d. lot, block, and subdivision, 21. the NW 1/4 of the NW 1/4 of the SW 1/4 of Section 12 is: You want to buy a house for $243,500. Make no recommendations and let the sellers decide on their own. b. easement You have found comparable sales of rural land parcels that indicate the following sale prices per acre: ($930, $775, $1202, $995, $1612, $906). A Fannie Mae. depletion of fossil fuels A basic homeowner's insurance policy would protect all of the following EXCEPT which one: fire & lightning, earthquake and volcanic action, windstorm and hail, water damage caused by a leaking pipe? In socialist systems, the government (or community) often exerts greater control over the factors of production. C. Find a lender who is willing to do FHA loans. C. It creates an agency relationship. He sells this right to nearby Property Owner B who wishes to develop his property into additional lots. 52- Which statement is true about a listing contract? a. quadrant d. an easement, a. the water rights reserved by a previous owner, 14. Which of the following would be PRIVATE restrictions on property rights? However, money is not a factor of production because it is not directly involved in producing a good or service. Depending on the specific circumstances, one or more factors of production might be more important than the others. 9. Which law extended discrimination to include handicap and familial status? He raised venture capital money to rent office space, hire more employees, and purchase additional server space for development. 3- A property manager can refuse to rent to applicant Mike for any of the following reasons except which? Two months later she purchased and moved into a new home that cost $145,000. 4024 pine street, Missoula, missoula country mt 59801 (c) 3.31014m3.3\times10^{-14}\;\mathrm{m}3.31014m Entrepreneurship refers to the initiatives taken by entrepreneurs, who typically begin as the first workers in their firms and then gradually employ other factors of production to grow their businesses. a. a radon level test Which of the following items can Matt not add to the original cost when doing the computation? Which of the following statements is TRUE about metes and bounds? They sold for: $178,500; $166,000; $172,750; $182,000; $168,000; $174,000; $176,000; $184,000; $170,000; $175,000; $172,000; $181,500. Which of the following statements is true? 68- Greg and Joyce have an adjustable rate mortgage on their home. 18- In a transaction that involves the purchase of a business, what document functions in the same way as the deed in a personal real estate transaction? The area is characterized by the presence of agricultural land intended for parking serving the Fiumicino airport, located in the vicinity, along the SW slope with the Leonardo Da Vinci airport, to the SE with the A91 motorway Rome Fiumicino motorway, to the to the NW with other land and some commercial/craft activities and to the NE with a . What should Tom do? A facade easement is a type of_______________ easement. If there is a discrepancy between an original survey and a new survey or between a survey and the legal description which party must pay the cost of the survey and the cost to remedy the discrepancy? a. putting more land into production b. increasing the yield of land under cultivation. Negotiate agreements regarding commission structuring. B. Use these expressions to check the numerical values of the constants a0a_0a0 and E1E_1E1. a. a series of wire links each 7.92' long Which of the following would be considered an intermediate goal? c. reliction At the end of the term, the loan balance will be negative. and hydroxide ion in ethyl alcohol at 330K, C2H5Br(alc)+OH(alc)C2H5OH(I)+Br(alc)\mathrm { C } _ { 2 } \mathrm { H } _ { 5 } \mathrm { Br } ( a l c ) + \mathrm { OH } ^ { - } ( a l c ) \longrightarrow \mathrm { C } _ { 2 } \mathrm { H } _ { 5 } \mathrm { OH } ( I ) + \mathrm { Br } ^ { - } ( a l c ) 49- Agent Dan tells his buyers that the seller will leave the washer and dryer if the buyers make an offer now. d. a showing of the property's boundaries to scale, a. an identification of the grantor and grantee, 27. The area is characterized by the presence of agricultural land intended for parking serving the Fiumicino airport, located in the vicinity, along the SW slope with the Leonardo Da Vinci airport, to the SE with the A91 motorway Rome Fiumicino motorway, to the to the NW with other land and some commercial/craft activities and to the NE with a . Present the offer and tell the seller that the check needs to be held until June 30. Copyright - CaliforniaRealEstateExamAnswers.com - 2023 -, >Example Final Exam for R.E. A land owner is contemplating building a septic tank sewer system on his lot. 53- Greg sold an apartment building he owned for 20 years. d. 1/2 mile, 22. Challenges facing U.S. agriculture include all of the following except decline in prime farmland decline in numbers of domesticated plant varieties addressing habitat fragmentation improving crop and livestock yields Increasing agricultural productivity across Sub-Saharan Africa is one of the most important problems this century, Area of land needed to meet global vegetable oil demand, Area of land needed to produce one tonne of vegetable oil, Cereal yields vs. tractor inputs in agriculture, Change in calorie production as a result of climate change impacts on crop yields, Change in cereal production, yield and land use. Building b. Even small plots of land - whether rural or urban - growing fruit, vegetables or some food animals count if $1,000 or more of such products were raised and sold, or normally would have been sold, during the Census year. 84- Four years ago, Sam purchased a vacant lot for $10,000. d. 2.5 square miles, 15. The lender will allow you to spend up to 28% of your annual income for housing costs, including your mortgage, property taxes, and insurance. 3. Who has the dominant tenement in this situation? Instead, it facilitates the processes used in production by enabling entrepreneurs and company owners to purchase capital goods or land or to pay wages. Property rights are part of real property, not real estate, The ownership interest held by the lessor, which includes the right to receive the contract rent specified in the lease plus the reversionary right when the lease expires is the definition of. Which method of land description would describe an irregular piece of property? D. The monthly payments increase overtime. 41- Agricultural land includes all of the following EXCEPT which? How much will your insurance cost per month? 55- Greg is approved for a Cal-Vet loan. Which of the following methods of legal land description would most likely be used to describe agricultural lands? Accounts payable (decrease). Ask questions of the prospects children. D. The date Abby makes the request to receive the booklet. Help us do this work by making a donation. 41- Agricultural land includes all of the following EXCEPT which? b. accretion D. The UCC is a body of law that standardizes a number of business practices. The original loan becomes subordinate to the wraparound. d. lots and blocks, 16. All of the following would be considered improvements to land EXCEPT. d. encroachment, 13. Special purpose: Property used by the public, such as cemeteries,. 75 Here are all the sales in your area in the last 4 months. (b) 3.31011m3.3\times10^{-11}\;\mathrm{m}3.31011m A(n) __________ contract is one that is not been fully performed or completed. Broker John puts $500 into his trust account. D. Pam is has no duty to investigate and may rely on the opinion of a heating professional or home inspector. B. Each of these requires significant real estate and capital investments. B. A basis of $145,000 and a taxable gain of $3,000, C. A basis of $130,000 and a table gain of $18,000. California: Real Estate Practice Sample of Final Course Exam, Answers will be revealed with the correct subscription. habitiat fragmentation, none, these are all problems associated with industrial agriculture. It is determined by who pays the compensation. It can also refer to market, industry, and business fragmentation. a. a. government survey Land improvement c. Land d. Expense; Answer B The fees that Eric charges Paul for making the loan could be any but which of the following amounts? For example, a technology company can easily begin operations with zero investment in land. 90- Marsha has been keeping track of the effectiveness of her advertising campaigns. The voluntary giving of land for public use by an owner is: Because of their low clay content, sandy soils are often referred to as " light soils." 3. a plat map is used in which type of legal description? 5. For people and planet, its one of our most important problems to work on. - bioaccumulation of pesticides in animal tissue can lead to extinction of species This site is using cookies under cookie policy . What will the new owners pay in property taxes? A. Values increased in that area by 5% the first year and 7% the second year. Which statement is true ? How Do Factor Endowments Impact a Country's Comparative Advantage? 22- Jane sold her personal home for $148,000. The costs of conversion of inventory include all of the following, except a. Crop yields might seem far from being one of the worlds largest problems. While land is an essential component of most ventures, its importance can diminish or increase based on industry. An open listing is an exclusive contract. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Give the prospects a black copy of a purchase agreement to look over. C. The loan term will extend gradually over time. D. Their loan payments will gradually increase. Information on current loan programs. Rangelands include natural grassland, savannas, many wetlands, some deserts, tundra, and certain forb and shrub communities. \text{t} & \text{4} & \text{6} & \text{8} & \text{10} & \text{12} & \text{14} & \text{16}\\ It sold for $80,000. Sharon and Steve have just taken a second mortgage on their home. C. I will open my own office within nine years. c. lien B. As such, factors of production, such as land and capital, are owned and regulated by the community as a whole under socialism. That includes Randy Newman, who sings about his hometown.1:A nickname of a place can have the following functions except .Abuilding up identityBentertainmentCbringing pride to the localsDuniting surrounding cities2:The underlined sentence can best be replaced by .AYour trip to Los Angeles is not perfect if you miss . where c=h/mc\lambda_c=h / m cc=h/mc is the Compton wavelength of the electron and =ke2/c\alpha=k e^2 / \hbar c=ke2/c is the finestructure constant. c. an encroaching elm tree Which of the following is a legal description of a property? The Buckle, Incorporated, included the following in its statement of cash flows presented using the indirect method. Under the current qualification criteria, an applicant for Appraiser Trainee must have completed ___ creditable hours of experience. Labor refers to the effort expended by an individual to bring a product or service to the market. However, as business continued to grow, Meta built its own office space and data centers. Crop yields might seem far from being one of the world's largest problems. 101- Which type of loan typically carries the most loan points? How many owners are there? crop rotation What is the mean of these numbers: 123.5, 136.2, 162, 188.9, 153.27, 227.98, 16, 342.66, 72.7, 21.55, 168.08? There are currently 180 houses for sale in this market. Which of the following types of agriculture is correctly matched with the agricultural practice? 82- What is the minimum period of time over which the owner of an apartment building can depreciate the improvements? Labors transaction with firms is based on wages. A type of subsistence agriculture in which short periods of cultivation are followed by longer periods of fallow land is called, The recent trend of U.S. prime farmland has been, Challenges facing U.S. agriculture include all of the following except, increase in number of domesticated animal varieties, One of the problems associated with the "green revolution" is that, it makes developing countries dependent on high-energy consuming imported technologies. a) construct an influence diagram that relates these variables Which entity is responsible for making periodic changes to USPAP? All of the following statements about sections as defined in the US government survey system are true EXCEPT: a. a section is 640 acres. The data produced by third parties and made available by Our World in Data is subject to the license terms from the original third-party authors. c. sections Practice Questions with no Answers for Preview, >Ch10-12 R.E. B. She has an access right of way across the property of her neighbor Bob Smith for ingress, egress, and regress. Give credit to all potential borrowers. The modern definition of factors of production is primarily derived from a neoclassical view of economics. In capitalism, the factors of production are most often controlled by business owners and investors.

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