The recent trend of U.S. prime farmland has been a loss of 160,000 hectares per year. Economic Order Quantity: What Does It Mean and Who Is It Important For? For income tax purposes, the IRS would probably classify Patrick as: 32- Broker Alice has a listing agreement with Jack. A basis of $148,000 and no taxable gain, B. Referral fee to a homeowners insurance agent. 78- Nancy bought her home last year for $425,000. How to Calculate with Formula, Average Collection Period Formula, How It Works, Example, Bill of Lading: Meaning, Types, Example, and Purpose, What Is a Cash Book? A lot measures 248.4 feet X 378.90 feet. Which statement is TRUE regarding this situation? C2H5Br(alc)+OH(alc)C2H5OH(I)+Br(alc), is first order each in ethyl bromide and hydroxide ion. Two months later she purchased and moved into a new home that cost $145,000. Give the prospects a black copy of a purchase agreement to look over. tomatoes contain a soybean's gene for disease resistance. The selling agent must provide the disclosure to the seller as soon as practicable prior to presenting a purchase offer. On this page you can find all our data, visualizations and writing relating to crop yields. B. \end{matrix} pheromone traps 14- Value includes which of the following aspects? -pesticides kill prey thereby causing predators to starve or migrate. 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). B. Proceeds from issuance of stock. Natural resources, such as oil and gold, can be extracted and refined for human consumption from the land. Land refers to physical land, such as the acres used for a farm or the city block on which a building is constructed. c. 200 acres 59- Which of the following is a sellers request that an agent cannot honor? 7- In the initial meetings with the prospects, the agent should do all of the following except which? A. D. Seeking buyers for others agents listings. Brainscape helps you realize your greatest personal and professional ambitions through strong habits and hyper-efficient studying. c. 66 feet Which form of legal land description uses measures of definite distances in indicated directions? c. front footage Certain homeowners may qualify for a $10,000 exemption. Which of the following best describes a plat? A. d. section 12 is directly north of section 1 in a township, d. section 12 is directly north of section 1 in a township, 19. b. riparian Marxism is a set of social, political, and economic theories developed by Karl Marx that formed the basis of socialist principles. When, is 0.100 M, the rate of disappearance of ethyl bromide is, 1.7107M/s1.7 \times 10 ^ { - 7 } \mathrm { M } / \mathrm { s } Buyer Jim asks if he can visit the property for a second time. Which of the following methods of legal land description would most likely be used to describe agricultural lands? Agricultural land includes all of the following EXCEPT which? The lender in case of the borrowers death, C. The lender against delinquent payments, D. The lender in case of the borrowers default. d. a setback, 12. D. Allows viewing access to strangers. The European state model includes all of the following except: A. a clearly and legally defined territory B. a population governed from a capital city C. a representative government D. a high level of urbanization 2. A Fannie Mae. How much will your insurance cost per month? The term of the loan can be shortened. 101- Which type of loan typically carries the most loan points? antibiotic application An example of entrepreneurship is the evolution of the social media behemoth Meta (META), formerly Facebook. In 2012, the latest update to ERS's Major Land Uses (MLU) series, grassland pasture and range uses accounted for the largest share of the Nation's land base, surpassing land in forest uses, which includes grazed forest land, for the first time since 1959.Although the shares of land in different uses have fluctuated to some degree over time . The fees that Eric charges Paul for making the loan could be any but which of the following amounts? Which type of pesticide has fewer deleterious environmental effects? 76- Mark believes he has been discriminated against during his home search. Why is the Schroendinger equation not valid for relativistic particles? C. If the selling agent does not deal directly with the seller, the selling agent is not required to provide the disclosure. What is the area of the ranch? Labor by an uneducated and untrained worker is typically paid at low prices. habitiat fragmentation, none, these are all problems associated with industrial agriculture. a. a grant d. it is used to describe lots in a subdivision, b. the description is imperfect if it does not end at the point of beginning, 24. It can be considered an employment contract. Real Estate includes all of the following except: Property rights. What is Gregs capital gain on the apartment? The cost of land typically includes all, except a. Grading, filling, draining and cleaning cost b. A. d. benchmark, 30. The modern definition of factors of production is primarily derived from a neoclassical view of economics. Meanwhile, a company that makes its money from building and renting out office space might see land and capital as its most valuable factors. C) street lights, sewers, and drainage systems cost. The factors of production are land, labor, capital, and entrepreneurship. Who is responsible for appointing members to the ASB and AQB? Lots and blocks are appox. c. lot, block, and subdivision The factors of production include land . b. an environmental impact statement 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? Secure documents that are public information from the courthouse and other sources available to the public. 3400 acres returns on investment is computed in the following manner. The Federal Reserve can influence the level of economic activity by. B. A net listing is illegal in all states. C. Consider child support payments in the decision. 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. What kind of lease does Jim have? You have permission to use, distribute, and reproduce these in any medium, provided the source and authors are credited. How Do Factor Endowments Impact a Country's Comparative Advantage? Image by Sabrina Jiang Investopedia2020, Absorption Costing Explained, With Pros and Cons and Example, What Is an Amortization Schedule? The four agents of production are land, ________, capital, and _____________. D. Write advertisements and promotional materials with the approval of the licensee and supervising broker. 1. Purchase price b. The majority of GM crops in the United States are regulated by the United States Department of Agriculture. The length of the front of a lot on the street is referred to as the lot's: D. The date Abby makes the request to receive the booklet. A. d. all of the above, Arizona Real Estate "Escrow and Closing B-7", Real Estate Test National Portion B1-B9 Exam, Fundamentals of Engineering Economic Analysis, David Besanko, Mark Shanley, Scott Schaefer. D. All adjustable rate mortgages have negative amortization. D. The first and second mortgage will be rolled into one. B. What will the new owners pay in property taxes? What kind of loan do they have? These claims are overblown, but soil erosion is a problem and we can do something about it. The buyer was responsible for making the discovery, so Pam is therefore liable. As a factor of production, capital refers to the purchase of goods made with money in production. B. But, if yields and labor productivity do not increase it will have far-reaching consequences for global poverty, and protection of the environment. 93- Jim has created a nice property flier for the James home. 8. 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 borrower makes payments of interest only over the term of the loan. 105- Agent Alice has received an offer that she believes is not in the sellers best interest. 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 the following would NOT be considered a negative easement? the radius of the first Bohr orbit and the magnitude of the lowest energy for the hydrogen atom can be written as, a0=cmc2=c2E1=122mc2a_0=\frac{\hbar c}{\alpha m c^2}=\frac{\lambda_c}{2 \pi \alpha} \quad E_1=\frac{1}{2} \alpha^2 m c^2 34- Sarah is an employee and Ken is an independent contractor at Kerns Realty. If you apply for the loan, how much can your maximum monthly payment be? Prices have been increasing at the rate of 8% per year. Labors transaction with firms is based on wages. c. 400 ft Economists consider TFPto be the main factor driving economic growth for a country. Two years ago, you bought a property for $264,500. The purchase price, plus depreciation When comparing printers, make sure to compare the cost per. The date Abby receives the good faith estimate. a. government survey It amalgamates past approaches to economic theory, such as the concept of labor as a factor of production from socialism, into a single definition. The broker will not provide any. e statement and outline the possible factors that could determine the contextual Variations in the manifestation of entrepreneurship. C. Parks. Double-Declining Balance (DDB) Depreciation Method Definition With Formula. 40- Which of the following phrases should Salesperson Brenda avoid when writing an advertisement for one of her listings? Demand analysis in a market indicates that 15 houses per month can be sold in the market. Which of the following statements is TRUE about metes and bounds? 75- All but which of the following is NOT an AIDA feature? 15- Karen and Al obtained a 30-year fixed-rate, fully amortized loan when they purchased their home. Broker Alice holds an uncashed check until the offer is accepted. b. us government system What is the purpose of a states statute of frauds? Practice Questions with no Answers for Preview, >ALL Real Estate Practice Class Questions with Answers & most with Explanations. 73- Which of these is not a buying signal? (d) 1.81019m1.8\times10^{-19}\;\mathrm{m}1.81019m b. The retail coffee chain needs land (prime real estate in big cities for its coffee chain), capital (large machinery to produce and dispense coffee), and labor (employees at its retail outposts for service). The appraiser must avoid mentioning this structure in the report. B. c. lien You have found comparable sales of rural land parcels that indicate the following sale prices per acre: ($930, $775, $1202, $995, $1612, $906). a. seller A lot measures 316.4 X 428.90. Accounts payable (decrease). a) construct an influence diagram that relates these variables Because of their low clay content, sandy soils are often referred to as "light soils.". B. D. An exclusive listing must always be at least 30 days long. Tip: to find a certain word or key term, press at the same time, the buttons: 1- The amount that a seller takes away from a sale is termed: 2- Which of the following best describes prospecting? A potential benefit of genetic engineering is the development of crop plants. The permanent receding of water increases the land owner's property by: What kind of a mortgage do they have? has an increased likelihood of obesity, diabetes, and heart disease. 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. 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.. What did it sell for per acre? a. quadrant A. Which of the following would be the least likely place for them to obtain a loan? At the end of the term, the loan balance will be negative. All of the following could be participants in a real property market except: In analyzing real estate purchase contract, you should be able to find all of the following items except. Take the potential energy for the system with the brick placed at infinity to be zero. It is important to distinguish personal and private capital in factors of production. B. The lender will allow you to spend up to 28% of your annual income for housing costs, including your mortgage, property taxes, and insurance. Why Are the Factors of Production Important to Economic Growth? D) grading, filling, draining, and clearing costs. a. recorded plat, us government survey, and street address. A property is owned as tenancy in severalty. 4 rods a. redemption Variable Cost: What It Is and How to Calculate It, Work-in-Progress (WIP) Definition With Examples, Write-Offs: Understanding Different Types To Save on Taxes, Year-Over-Year (YOY): What It Means, How It's Used in Finance, Zero-Based Budgeting: What It Is and How to Use It, Marxism: What It Is and Comparison to Communism, Socialism, and Capitalism, What Is Productivity and How to Measure It Explained, Fragmentation: Definition, Examples, Pros and Cons in Business, Social Entrepreneur: Definition and Examples, Circular Flow Model Definition and Calculation, Absolute Advantage: Definition, Benefits, and Example, Sustaining Chinas Economic Growth After the Global Financial Crisis, The Industrial Robotics Industry in China: Demand and Domestic Innovation, North American Robot Orders Fall 21% in 2008. The three methods used to legally describe land are: Depending on its type, an improvement may increase the value of real estate greatly. , ided by total investment.. total investment is current assets (inventories, accounts receivables and cash) plus fixed assets. 44- Jim owns a gift shop in a commercial building. C. Identifies buyers for other properties. Her expertise is in personal finance and investing, and real estate. (e) 6.61027m6.6\times10^{-27}\;\mathrm{m}6.61027m. Production, such as manufacturing, can be tracked by certain indexes, including the ISM manufacturing index. Countries that are rich in human capital experience increased productivity and efficiency. However, as business continued to grow, Meta built its own office space and data centers. A. This is an example of. 56- Which is not a true statement about the Agency Disclosure? a. You can learn more about the standards we follow in producing accurate, unbiased content in our, The Evolution of Accounting and Accounting Terminology. 34- Sarah is an employee and Ken is an independent contractor at Kerns Realty. Which law extended discrimination to include handicap and familial status? c. an encroaching elm tree B) assumption of any liens or mortgages on the property. a. an identification of the grantor and grantee Land: Includes undeveloped property, vacant land, and agricultural lands such as farms, orchards, ranches, and timberland. d. an easement, a. the water rights reserved by a previous owner, 14. Which statement is true? Read about productivity in the workplace and how productivity impacts investments. soil erosion Depending on the specific circumstances, one or more factors of production might be more important than the others. But, if yields and labor productivity do not increase it will have far-reaching consequences for global poverty, and protection of the environment. C. The date the lender receives her application. 25- According to the law governing mortgage loan brokers, what is the maximum commission Broker Claire can charge for securing a $50,000 first mortgage for a period of 2 years? How Cash Books Work, With Examples, Cost of Debt: What It Means, With Formulas to Calculate It, Cost of Equity Definition, Formula, and Example, Cost-Volume-Profit (CVP) Analysis: What It Is and the Formula for Calculating It, Current Account: Definition and What Influences It, Days Payable Outstanding (DPO) Defined and How It's Calculated. B. It is determined by who pays the compensation. 74- Which statement is not true about an agency relationship? earnings equal sales minus the cost of sales A survey would reveal all of the following about a property EXCEPT: 10. Question: Knowledge Check 01 Merchandise Inventory includes all of the following except O Goods held for sale Goods located in the warehouse O Goods sold Goods located in an off-site warehouse Show transcribed image text Expert Answer 100% (30 ratings) Answer : Option - C, Goods sold Explanation : Merchandis View the full answer B. A. Mike has changed jobs six times in the past six months. The ERS Major Land Uses series is the longest running accounting of all major uses of public and private land in all 50 States. B. Pam is not liable since it was summer and the heating problem was not obvious. Understanding the kind of responses your advertising generates, D. Being able to anticipate the callers requirements. Greenpeace includes all related activities. c. highest and best use Finally, capital refers to the cash, equipment, and other assets needed to start or grow a business. When he coded the minimum viable product himself, Zuckerbergs labor was the only factor of production. The main cause of undernutrition and food insecurity globally is lack of available food. this analysis can only be applied if there are no existing improvements. Her property taxes would be assessed at: 79- Tom and Mary want to purchase their first home. During this interim period, grant makes monthly rent payments and the owner accepts them. 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. To that end, technologylike moneyis a facilitator of the factors of production. B. 16- Dave and Nadine have decided that they want to become property investors. Broker John puts $500 into his trust account. 45- Kirk wants to get an FHA loan. b. recorded plat, street address, and metes and bounds b. a. riparian 300 ft 4. the point of beginning is associated with: 5. 54- Jim and Jane are buying a home for $120,000. All of the following are similarities between undernutrition and overnutrition except, both involve lack of access to sufficient daily calories. 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? This can result in a transformation of factors of production for entire industries. Whoever brings the buyer will get the commission. For example, an accountants job requires the analysis of financial data for a company. These include white papers, government data, original reporting, and interviews with industry experts. . 100- What does the Real Estate Disclosure Law refer to? He just sold it for $13,000. The introduction of technology into a labor or capital process makes it more efficient. The costs of conversion of inventory include all of the following, except a. D. All adjustable rate mortgages have negative amortization. The second mortgage has now become the primary loan. 20- Which of the following would not be an essential component when researching the purchase of an apartment building? 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. 3- A property manager can refuse to rent to applicant Mike for any of the following reasons except which? disposal of livestock wastes Earthquake and volcanic action A longer mortgage loan term will: Result in lower monthly mortgage payments You have found comparable sales of rural land parcels that indicate the following sale prices per acre: ($930, $775, $1202, $995, $1612, $906). a. a radon level test 3. Crop yields might seem far from being one of the worlds largest problems. Although investment in agricultural R&D continues to be one of the most productive investments, with rates of return between 30 and 75 percent, it has been neglected in most low income countries. yields at a global level following the pattern established over the past five decades will not be sufficient to meet food needs. ", U.S. International Trade Commission. B. Agricultural productivity across Sub-Saharan Africa needs to improve to reduce hunger, poverty, and the destruction of biodiversity. She has an access right of way across the property of her neighbor Bob Smith for ingress, egress, and regress. C. Insurance agents dealing with customers. 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. He sold the building for $1,000,000 and paid $60,000 in commission to the broker. 70- Which of these items would be a credit to the buyer on the settlement statement? 63- Jennys home appraised for $550,000. Values increased in that area by 5% the first year and 7% the second year. 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. 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. government survey system Practice Questions with no Answers for Preview, >CALIFORNIA REAL ESTATE PRACTICE PRELICENSE CLASS, >CALIFORNIA LEGAL ASPECTS OF REAL ESTATE PRELICENSE CLASS, >ALL Questions with Answers for ALL 3 PreLicense Classes Guides on 1 page, >CALIFORNIA Fair Housing & Fair Housing with Role-Play Activity CE CLASSES Questions with Answers, >CALIFORNIA Fair Housing & Fair Housing with Role-Play Activity CE CLASSES Questions with no Answers for Preview, >CALIFORNIA Fair Housing & Fair Housing with Role-Play Activity CE CLASSES OVERVIEW, >CALIFORNIA Ethics CE CLASS Questions with Answers, >CALIFORNIA Ethics CE CLASS Questions with no Answers for Preview, >CALIFORNIA Ethics in the Age of Disruption CE CLASS Questions with Answers, >CALIFORNIA Ethics in the Age of Disruption CE CLASS Questions with no Answers for Preview, >CALIFORNIA Ethics in the Age of Disruption CE CLASS OVERVIEW, >CALIFORNIA NAR: May The Code Be With You CE CLASS Questions with Answers, >CALIFORNIA NAR: May The Code Be With You CE CLASS Questions with no Answers for Preview, >CALIFORNIA NAR: May The Code Be With You CE CLASS OVERVIEW, >Real Estate Practice Class Questions with no Answers for Preview (ALL R.E. C. Recommend a counteroffer back to list price. b. 42- Alice is planning her career and setting her goals.
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