Agricultural productivity across Sub-Saharan Africa needs to improve to reduce hunger, poverty, and the destruction of biodiversity. 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. The second mortgage has now become the primary loan. How much will your insurance cost per month? An important characteristic of land is that it may be modified or improved at any given time. C. The date the lender receives her application. b. range 63- Jennys home appraised for $550,000. 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? Similarly, the use of kiosks in self-serve restaurants can help firms cut back on their labor costs. \text{T} & \text{48} & \text{46} & \text{51} & \text{57} & \text{62} & \text{68} & \text{71}\\ However, collective good is the predominating principle in socialism. 5. Which of the following is not one of those groups? D. I will distribute 200 business cards every month for the next six months. 49- Agent Dan tells his buyers that the seller will leave the washer and dryer if the buyers make an offer now. 75- All but which of the following is NOT an AIDA feature? Which form of legal land description describes a parcel by enclosing it? , ided by total investment.. total investment is current assets (inventories, accounts receivables and cash) plus fixed assets. Department of Housing and Urban Development, C. Recorders Office in the county where the land is located. 56- Which is not a true statement about the Agency Disclosure? Randy gives Tom an earnest money check for $1,000 and asks Tom to hold it until June 30, regardless of the date the seller accepts the offer. D. Understanding characteristics of the rental market. A. Estimate its value. Agricultural land is typically land devoted to agriculture, [1] the systematic and controlled use of other forms of life particularly the rearing of livestock and production of crops to produce food for humans. What property type will he be dealing with? 21- Which form of advertising is considered the most cost-effective method for selling a home? D. Have the prospects sign the disclosure about agency relationship. C. Tangible assets transferred in the sale include inventory, fixtures and equipment. However, during periods of economic expansion, they invest in new machinery and equipment to bring new products to market. Integrated pest management incorporates all of the following methods except Factors of production is an economic term that describes the inputs used in the productionof goods or services to make an economic profit. Sustainable agriculture encourages the use of antibiotics to prevent disease. Farm and agricultural land can also include: land that is compatible with agricultural purposes and used incidentally for those purposes, not to exceed 20% of the classified land; land on which appurtenances necessary for the production, preparation, or sale of agricultural products if it is in conjunction with the land producing the products; a The appraiser must avoid mentioning this structure in the report. It can also refer to market, industry, and business fragmentation. 105- Agent Alice has received an offer that she believes is not in the sellers best interest. What kind of listing agreement does Alice have with Jack? c. recorded plat C. Parks. Ask the buyers to sign a real estate transfer disclosure statement. A. The buyer was responsible for making the discovery, so Pam is therefore liable. Certain homeowners may qualify for a $10,000 exemption. strategies used to increase the supply of food for a country could include. 14- Value includes which of the following aspects? He paid $100,000 for it, and made $300,000 worth of improvements. Studying population trends in the area. b. recorded plat, street address, and metes and bounds Prices have been increasing at the rate of 8% per year. Her asking price was $560,000 and the property sold for $575,000. indirectly, proportionatelydirectly, proportionatelyinversely, directlydirectly, inversely, A business arrangement in which two or more persons jointly own a business and share in its profits and losses is the definition of, limited partnershippartnershipgeneral partnershiptrust. Cultivation of crops on land by farmers increases its value and utility. d. depth, 25. 78- Nancy bought her home last year for $425,000. 70- Which of these items would be a credit to the buyer on the settlement statement? 87- What information can you gather from the newspaper to help develop a Prospecting Plan? "Sustaining Chinas Economic Growth After the Global Financial Crisis," Pages 1-2. International Federation of Robotics. What is the process by which a landowner increases his property due to the accumulation of alluvial deposits washed on to his property from other properties? b. B. How much will your insurance cost per month? A. Mike has changed jobs six times in the past six months. Generally, Light, warm, dry, sandy soil that is acidic and deficient in nutrients is what you may expect to find in a typical climate. A. Greg Burns is selling his interest in his home to his wife Melanie as part of their divorce settlement. 97- Buyer Randy makes an offer to purchase one of Broker Toms listings on June 15. a. the water rights reserved by a previous owner D. The first and second mortgage will be rolled into one. Make no recommendations and let the sellers decide on their own. c. in each township section 7 is south of section 6. d. there are 36 sections in a township. Crop yields might seem far from being one of the world's largest problems. b. a parcel of land is 1/8 mile by 1/8 mile is 40 acres. What kind of mortgage are they looking for? C2H5Br(alc)+OH(alc)C2H5OH(I)+Br(alc), is first order each in ethyl bromide and hydroxide ion. Which of these statements is true about the wraparound mortgage? b. reliction For the early political economists, labor was the primary driver of economic value. 100 ft There are currently 180 houses for sale in this market. A. I will complete the GRI certification in the next four years. Business Accounting 1. B. Jim Sharp is purchasing his fathers home. D. Seeking buyers for others agents listings. The definition of factors of production in economic systems presumes that ownership lies with households, who lend or lease them to entrepreneurs and organizations. For modern mainstream (neoclassical) economists, capital is the primary driver of value. 66- When doing a listing presentation which of the following items would you not describe to the owners as being a benefit of listing with an agent? How much will you have to deliver to closing to cover both the down payment and the loan points? B. Take the potential energy for the system with the brick placed at infinity to be zero. 77- Which of the following Internet pages might not be of particular interest to buyers? Each of these requires significant real estate and capital investments. e statement and outline the possible factors that could determine the contextual Variations in the manifestation of entrepreneurship. D. Farms. A. 2. Finally, capital refers to the cash, equipment, and other assets needed to start or grow a business. (d) 1.81019m1.8\times10^{-19}\;\mathrm{m}1.81019m d. private mortgage insurance, 26. if a property owner had a land survey done on his property it would include all of the following EXCEPT: a. How many acres is that? Building b. d. an easement, a. the water rights reserved by a previous owner, 14. c. us government survey, PO box, and metes and bounds d. 2.5, 28. 51- Which statement is true about a homeowners exemption? Tell the sellers exactly how she feels and why she thinks the offer is not a good one. a. C. Real Estate Settlement and Procedures Act. For people and planet, its one of our most important problems to work on. The modern definition of factors of production is primarily derived from a neoclassical view of economics. Which winds steer hurricanes that form in the Atlantic Ocean toward Florida? 58- Mortgage lenders are prohibited from discriminating in giving credit to prospective borrowers based on race, color, religion, national origin, sex, marital status, age or dependency on public assistance under which law or regulation? C. Exclusive-authorization-and-right-to-sell. B. Each of their payments is for the same amount. Purchase of equipment. The circular flow model of economics shows how money moves through an economy in a constant loop from producers to consumers and back again. 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. Economists consider TFPto be the main factor driving economic growth for a country. 39- When doing a competitive market analysis, an agent looks at all but which of the following factors? d. a setback, 12. His depreciation was $2,500 per year. He sells this right to nearby Property Owner B who wishes to develop his property into additional lots. 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. 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). All other material, including 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. 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 C. Refuse to accept the offer and check. 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. For example, a technology company can easily begin operations with zero investment in land. yields at a global level following the pattern established over the past five decades will not be sufficient to meet food needs. An example of this is the change in production processes in the information technology (IT) industry after jobs were outsourced to countries with lower salaries. b. littoral 4 rods Purchase price 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. c. the section lines must be clearly noted The borrowers family in case of his or her death, B. The federal financial institutions regulatory agencies directly involved in fair lending include all of the following EXCEPT. 1.7107M/s. b. accretion In capitalism, the factors of production are most often controlled by business owners and investors. 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. We also reference original research from other reputable publishers where appropriate. 20.6 103- Kirk and Sandy obtained a wraparound mortgage. Which of the following statements is true? A. Brenda must follow all of Jims instructions. The four agents of production are land, ________, capital, and _____________. c. an encroaching elm tree Land as a factor of production can mean agriculture and farming to the use of natural resources. As a factor of production, capital refers to the purchase of goods made with money in production. The purchase price, plus improvements, C. The fair market value at the time of sale. 57- Under federal income tax law, the basis for a personal residence is which of the following: Property Owner A has the right to develop his property into 10 lots. d. benchmark, 30. a) construct an influence diagram that relates these variables 82- What is the minimum period of time over which the owner of an apartment building can depreciate the improvements? A. 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. tT4486468511057126214681671. The cost of land typically includes all, except a. Grading, filling, draining and cleaning cost b. What is most likely their main motivation for investing? B. For example, an accountants job requires the analysis of financial data for a company. Entrepreneurship is the secret sauce that combines all the other factors of production into a product or service for the consumer market. Production, such as manufacturing, can be tracked by certain indexes, including the ISM manufacturing index. c. 400 ft f(z)=z3z2+2z+2f(z)=\frac{z-3}{z^{2}+2 z+2}f(z)=z2+2z+2z3. Practice Questions with no Answers for Preview, >ALL Real Estate Practice Class Questions with Answers & most with Explanations. 30.4 Land includes any natural resource used to produce goods and services; anything that comes from the land. John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, David N. Shier, Jackie L. Butler, Ricki Lewis, Nursing Fundamentals- Medication Administrati. The four components of the Appraiser Qualification Criteria are: qualifying education, examination, experience, continuing education. 58- Mortgage lenders are prohibited from discriminating in giving credit to prospective borrowers based on race, color, religion, national origin, sex, marital status, age or dependency on public assistance under which law or regulation? 61- Bill and Sue secured a mortgage loan that is tied to an index which fluctuates over the life of the loan. 23- Jonestown Community Bank refuses to lend money to potential homeowners trying to purchase property in the predominantly Asian neighborhood on the west end of town. 85- Which paragraph of the purchase agreement states that the balance of the purchase price will be deposited into escrow prior to closing? 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. Land: Includes undeveloped property, vacant land, and agricultural lands such as farms, orchards, ranches, and timberland. Licenses: All visualizations, data, and articles produced by Our World in Data are open access under the Creative Commons BY license. C) street lights, sewers, and drainage systems cost. b. recorded plat 9. earnings equal sales minus the cost of sales A. A farm described as the SW 1/4 of the NW 1/4 of section 7 and the W 1/2 section 8 is how many acres? Why is the Schroendinger equation not valid for relativistic particles? By increasing crop yields we can reduce the amount of land we use for agriculture. She has worked in multiple cities covering breaking news, politics, education, and more. 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. C. Jim and Amanda whisper and frown when they see the basement. What kind of agreement is this? 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 ) 7. Demand analysis in a market indicates that 15 houses per month can be sold in the market. In the 1970s, who developed uniform rules for mortgage underwriting? Prices of properties currently on the market, C. Properties that were listed but did not sell. Copyright - CaliforniaRealEstateExamAnswers.com - 2023 -, >Example Final Exam for R.E. This is an example of. Earthquake and volcanic action A longer mortgage loan term will: Result in lower monthly mortgage payments Brainscape helps you realize your greatest personal and professional ambitions through strong habits and hyper-efficient studying. Labor refers to all wage-earning activities, such as the work of professionals, retail workers, and so on. Labors transaction with firms is based on wages. Labor refers to the effort expended by an individual to bring a product or service to the market. Countries that are rich in human capital experience increased productivity and efficiency. 64- Which of the following is not a form of personal advertising? d. encroachment, 13. 4. The World Bank divides the world into four groups. For example, a firm operating in the real estate industry typically owns significant parcels of land, while retail corporations and shops lease land for extended periods of time. 69- According to ECOA, lenders cannot discriminate against potential borrowers on the basis of all but which of the following? What is the meaning of T(12)?T^{\prime}(12) ?T(12)? The ERS Major Land Uses series is the longest running accounting of all major uses of public and private land in all 50 States. D. Exclusive-authorization-and-right-to-sell agreement. B. She is probably using all but which of the following tools? none, these are all problems associated with industrial agriculture The factors of production include land . Again, it can take on various forms. by Hannah Ritchie, Max Roser and Pablo Rosado, To protect the worlds wildlife we must improve crop yields especially across Africa, After millennia of agricultural expansion, the world has passed peak agricultural land, Yields vs. Land Use: How the Green Revolution enabled us to feed a growing population. Brenda refuses. For a group of early French economists called the physiocrats, who predated the classical political economists, land was responsible for generating economic value. B. Which type of pesticide has fewer deleterious environmental effects? Practice Questions with no Answers for Preview, >Ch4-6 R.E. Deforestation can include clearing the land for farming or livestock, or using the timber for fuel . Our World in Data is free and accessible for everyone. Because entrepreneurs are vital for economic growth, countries are creating the necessary framework and policies to make it easier for them to start companies. Last year, about 25% of his income came from sales commissions. 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. Within the software industry, labor refers to the work done by project managers and developers in building the final product. d. lot, block, and subdivision, 21. the NW 1/4 of the NW 1/4 of the SW 1/4 of Section 12 is: 101- Which type of loan typically carries the most loan points? 4. the point of beginning is associated with: 5. Agricultural land includes all of the following EXCEPT which? A survey would reveal all of the following about a property EXCEPT: 10. The purchase price, plus depreciation, B. Availability of multiple listing service, C. Broker-paid advertising and promotion, D. Assistance with filling out disclosures. The date Abby receives the good faith estimate. A. Ken is responsible for his own taxes, while the broker pays Sarahs. D. An exclusive listing must always be at least 30 days long. The website with the largest amount of demographics information is, What is the median of the following set of gross rent multipliers? Labor by an uneducated and untrained worker is typically paid at low prices. D. The date Abby makes the request to receive the booklet. 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 . The principle of supply and demand states that the price of a commodity, good, or service varies __________, but not necessarily _____________, with demand. D. Brenda has not violated any fiduciary duty. U.S. land area covers nearly 2.3 billion acres. What is the median sale price? On this page you can find all our data, visualizations and writing relating to crop yields. It does not include land that is predominantly under agricultural or urban land use. Which is the fullest and most complete type of estate? D. The monthly payments increase overtime. Get started for free! 68- Greg and Joyce have an adjustable rate mortgage on their home. . b. How many acres are there in 2 parcels of land described a SW 1/4 and the NW 1/4 of the SE 1/4? a. 86- Which of the following is not considered a benefit of investing in real estate? For example, a software company that relies primarily on the labor of skilled software engineers might see labor as its most valuable factor of production. She sold the property and several months later the buyer sued Pam for not disclosing the problem. What would we call Hannah? Please consult our full legal disclaimer. a. putting more land into production b. increasing the yield of land under cultivation. Which statement is true ? D) grading, filling, draining, and clearing costs. Negotiate agreements regarding commission structuring. Find and create gamified quizzes, lessons, presentations, and flashcards for students, employees, and everyone else. b. This site is using cookies under cookie policy . Those who control the factors of production often enjoy the greatest wealth in a society. d. 1/2 mile, 22. As part of the overall requirement for continuing education, certified and licensed appraisers must complete the 7-Hour National USPAP Update Course or its equivalent ________ calendar year(s). Which law extended discrimination to include handicap and familial status? d. 600 ft, 37. 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. 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. A. The selling agent must provide the disclosure to the seller as soon as practicable prior to presenting a purchase offer. This analysis can only be applied if there are no existing improvements. (95, 93, 120, 94, 93, 129), A right or interest in property is a(n). C. They can make payments directly to the original lender. pheromone traps C. Neither Sarah nor Ken can get employer-provided health insurance. Land has a broad definition as a factor of production and can take on various forms, from agricultural land to commercial real estate to the resources available from a particular piece of land. What do you call the process by which a land owner loses land by a sudden or violent act of nature? 5. Which of the following methods of legal land description would most likely be used to describe agricultural lands? limited use of pesticides, Which of the following is not a problem associated with industrial agriculture? Who has the dominant tenement in this situation? A. 5 acres This is further explained below. The original loan becomes subordinate to the wraparound. d. assemblage, 39. A. Use these expressions to check the numerical values of the constants a0a_0a0 and E1E_1E1. While land is an essential component of most ventures, its importance can diminish or increase based on industry. A. high income countries Which of the following statements is TRUE about metes and bounds? The factors of production are land, labor, capital, and entrepreneurship. has an increased likelihood of obesity, diabetes, and heart disease. A. 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. the estimated cost to -replace a property, a guarantee of the true worth of a property, the President of The Appraisal Foundation. c. front footage The land that is least conducive to agriculture is sandy soil. soil erosion Factors of production is an economic term that describes the inputs that are used in the production of goods or services in order to make an economic profit. Help us do this work by making a donation. 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. $5,500 the first year, plus a maximum 2% increase in market value per year, B. Which of the following would be considered an intermediate goal? Which method of land description would describe an irregular piece of property? b. an environmental impact statement 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 . We will always indicate the original source of the data in our documentation, so you should always check the license of any such third-party data before use and redistribution. D. The UCC is a body of law that standardizes a number of business practices. 102- What is the minimum period of time over which the owner of a commercial building can depreciate the improvements? Claims that the world has only 100, 60, or even 30 years of harvests left often hit the headlines. B. Pleases the sellers by inv=creasing activity. Which entity is responsible for monitoring state appraiser licensing and certification agencies? 57- Under federal income tax law, the basis for a personal residence is which of the following: A. PRACTICE QUESTIONS), >Ch1-3 R.E. 37- When dealing with the sale of a business, which is not a true statement? Crop yields might seem far from being one of the worlds largest problems. He just sold it for $13,000. 30- Being prepared to handle incoming phone calls means all of the following except which? An illustration of the above is the difference in markets for robots in China compared to the United States after the 2008 financial crisis. the appraisers value opinionthe borrowers estimate of valuethe square footage of the homenone of these. 65- Which of the following items is usually not prorated at closing? Practice Questions with no Answers 33- Which statement is true about a loan that has a negative amortization? . Deforestation is the permanent removal of trees to make room for something besides forest. c. it is a document used to record the subdivision of land, 11. When he coded the minimum viable product himself, Zuckerbergs labor was the only factor of production. b. conformity b. dedication Start in the room with the best features. 46- A life insurance company would most likely invest in all but which of the following properties? 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? Which of the following types of agriculture is correctly matched with the agricultural practice? What is the purpose of a states statute of frauds? 42- Alice is planning her career and setting her goals. B. While not directly listed as a factor, technology plays a vital role in influencing production. Ownership of the factors of production also differs based on the economic system. 34- Sarah is an employee and Ken is an independent contractor at Kerns Realty. Which is a true statement? The simplot house, Brentwood Subdivision, Sun Rose township, Great Falls MT 59405 The size of agricultural property tax exemptions varies from state to state because property taxes aren't administered at the federal level. this analysis can only be applied if there are no existing improvements. 73- Which of these is not a buying signal? a. plottage a. a grant What is the median of these indications? C. If the selling agent does not deal directly with the seller, the selling agent is not required to provide the disclosure. a. quadrant C. Consider child support payments in the decision. B. Ken must obtain his own training. b. setback 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. When, is 0.100 M, the rate of disappearance of ethyl bromide is, 1.7107M/s1.7 \times 10 ^ { - 7 } \mathrm { M } / \mathrm { s } When citing this topic page, please also cite the underlying data sources. C. The loan term will extend gradually over time. The Buckle, Incorporated, included the following in its statement of cash flows presented using the indirect method.