c. lot, block and subdivision Which is the fullest and most complete type of estate? The Uniform Commercial Code covers the sale of goods over $________. D. Amanda smiles at Jim when she sees the whirlpool tub. What kind of agreement is this? \text{T} & \text{48} & \text{46} & \text{51} & \text{57} & \text{62} & \text{68} & \text{71}\\ 2. 6. Copyright - CaliforniaRealEstateExamAnswers.com - 2023 -, >Example Final Exam for R.E. But, if yields and labor productivity do not increase it will have far-reaching consequences for global poverty, and protection of the environment. b. All of these factors contribute to the food shortages in Developing countries except, increased mortality of infants and children. What is the meaning of T(12)?T^{\prime}(12) ?T(12)? But that is a theoretical construct and rarely the case in practice. AP HUG Agriculture 2018 questions & answers for quizzes and tests - Quizizz He sells this right to nearby Property Owner B who wishes to develop his property into additional lots. 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. 8- When considering making a loan to a borrower, which of the following factors would probably exert the least amount of influence on the lender? d. mete, 23. (c) 3.31014m3.3\times10^{-14}\;\mathrm{m}3.31014m yields at a global level following the pattern established over the past five decades will not be sufficient to meet food needs. You have permission to use, distribute, and reproduce these in any medium, provided the source and authors are credited. Our articles and data visualizations rely on work from many different people and organizations. c. lot, block, and subdivision Land resources are the raw materials in the production process. B. 50- Harry has some buyers that he believes are ready to make an offer. A. What will they have to pay at closing for the points? Our World in Data is free and accessible for everyone. B. 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. All of the following statements about sections as defined in the US government survey system are true EXCEPT: a. a section is 640 acres. How much is your property worth today? The second mortgage has now become the primary loan. 4. the point of beginning is associated with: 5. What is the mean sale price? 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. C. Mike has been late with his rent payments seven times in the past year, D. He had a serious physical altercation with his downstairs neighbor. 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? B. Two years ago, you bought a property for $264,500. 40- Which of the following phrases should Salesperson Brenda avoid when writing an advertisement for one of her listings? On this page you can find all our data, visualizations and writing relating to crop yields. a. survey b. the boundaries of the property a. recorded plat, us government survey, and street address. Except for labor, ownership for factors of production varies based on industry and economic system. 4. Under no circumstances, however, is labor owned by firms. 3. tT4486468511057126214681671. Agricultural Land Includes All of the Following Except Which For example, an accountants job requires the analysis of financial data for a company. B. Ken must obtain his own training. What is the key feature of this type of loan? -pesticides show mobility, moving other than where they were applied inadvertently killing non-pest organisms. 103- Kirk and Sandy obtained a wraparound mortgage. It would be misleading if the appraiser did not disclose the existence of this structure in the report. The borrower makes payments of interest only over the term of the loan. Availability of multiple listing service, C. Broker-paid advertising and promotion, D. Assistance with filling out disclosures. a. erosion The Buckle, Incorporated, included the following in its statement of cash flows presented using the indirect method. Crop yields might seem far from being one of the world's largest problems. 75 Here are all the sales in your area in the last 4 months. 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. Insurance will cost $6.00 per thousand per year. [2] [3] It is generally synonymous with both farmland or cropland, as well as pasture or rangeland . 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. A client has requested that an appraiser value a property that is improved with an old dilapidated single family home, and asks the appraiser not to mention the existence of the home in the appraisal report. The cost of land typically includes all, except a. Grading, filling, draining and cleaning cost b. Improvements in crop yields have been essential to feed a growing population, while reducing the environmental impact of food production at the same time. U.S. land area covers nearly 2.3 billion acres. 65- Which of the following items is usually not prorated at closing? Land as a factor of production can mean agriculture and farming to the use of natural resources. The broker will not provide any. 30.4 Trespassing on the domain of another is the definition of, All of the following would be social influences on value EXCEPT, A firm agreement to perform an act, refrain from acting or make a payment or delivery is the definition of, All of the following would be considered to be economic influences on value EXCEPT, interest rateszoningunemployment ratesConsumer Price Index. C. The loan term will extend gradually over time. Chapter 1 - Real Property and the Law Flashcards Preview - Brainscape b. buyer 1. Generally, Light, warm, dry, sandy soil that is acidic and deficient in nutrients is what you may expect to find in a typical climate. Labor by an uneducated and untrained worker is typically paid at low prices. unit v Flashcards | Quizlet 20- Which of the following would not be an essential component when researching the purchase of an apartment building? limited use of pesticides, Which of the following is not a problem associated with industrial agriculture? Find a home that meets FHA requirements. C. Exclusive-authorization-and-right-to-sell. For people and planet, its one of our most important problems to work on. This is an example of. B. What is the median sale price? 5. 27- Mr. and Mrs. Haley are purchasing beachfront property in an upscale development. 7. 49- Agent Dan tells his buyers that the seller will leave the washer and dryer if the buyers make an offer now. Skilled and trained workers are called human capital and are paid higher wages because they bring more than their physical capacity to the task. After the crisis, China experienced a multi-year growth cycle, and its manufacturers invested in robots to improve productivity at their facilities and meet growing market demands. Department of Housing and Urban Development, C. Recorders Office in the county where the land is located. How much will you have to deliver to closing to cover both the down payment and the loan points? 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 d. The Jones farm 13 miles west of Clinton, MT, c. Lot 2 block M, Lincoln wood subdivision, missoula country, MT 59802, 31. 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. Agricultural land - Wikipedia The borrower makes payments of interest only over the term of the loan. A land owner is contemplating building a septic tank sewer system on his lot. ROI is equal to turnover multiplied by earning as a percent of sales. Within the software industry, labor refers to the work done by project managers and developers in building the final product. d. tier, 20. 5. Electronic Data Interchange for transmitting appraisal reports became popular in the (date). . Claims that the world has only 100, 60, or even 30 years of harvests left often hit the headlines. This is called: B. You can learn more about the standards we follow in producing accurate, unbiased content in our, The Evolution of Accounting and Accounting Terminology. Labor refers to the effort expended by an individual to bring a product or service to the market. - bioaccumulation of pesticides in animal tissue can lead to extinction of species Countries that are rich in human capital experience increased productivity and efficiency. 67- Hannah is a real estate assistant. Referral fee to a homeowners insurance agent. habitiat fragmentation, none, these are all problems associated with industrial agriculture. By increasing crop yields we can reduce the amount of land we use for agriculture. 53- Greg sold an apartment building he owned for 20 years. c. 400 ft They are commonly broken down into four elements: land, labor, capital, and entrepreneurship. d. 2.5 square miles, 15. What kind of a mortgage do they have? While not directly listed as a factor, technology plays a vital role in influencing production. tomatoes contain a soybean's gene for disease resistance. 14- Value includes which of the following aspects? 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. Practice Questions with no Answers for Preview, >Ch13-15 R.E. this analysis can only be applied if there are no existing improvements. The appraisal standards and qualification criteria promulgated by the boards of The Appraisal Foundation achieves legal authority by adoption, citation or implementation by, government agenciesthe U.S Congress onlyFannie Mae and Freddie MacGinnie Mae. 56- Which is not a true statement about the Agency Disclosure? B. Jim Sharp is purchasing his fathers home. A. You can get a loan for 90% of value. A property is owned as tenancy in severalty. (e) 6.61027m6.6\times10^{-27}\;\mathrm{m}6.61027m. B. 100 acres Land Use - Our World in Data Sustainable agriculture encourages the use of antibiotics to prevent disease. The permanent receding of water increases the land owner's property by: Practice Questions with no Answers for Preview, >Ch7-9 R.E. 14 Agriculture and Food Resources Ch. 14 Flashcards | Quizlet The original loan becomes subordinate to the wraparound. The land that is least conducive to agriculture is sandy soil. C. Allow indoor pets to leave their designated area. 21- Which form of advertising is considered the most cost-effective method for selling a home? Estimate its value. How many acres is that? Make no recommendations and let the sellers decide on their own. a. metes and bounds Proceeds from issuance of stock. materials, buildingslabor, entrepreneurial coordinationbuildings, labormaterials, entrepreneurship. The length of the front of a lot on the street is referred to as the lot's: d. appreciation, 40. Brainscape helps you realize your greatest personal and professional ambitions through strong habits and hyper-efficient studying. The lender will allow you to spend up to 28% of your annual income for housing costs, including your mortgage, property taxes, and insurance. c. 200 acres 60- Seller Tom has an agreement with Broker Bill, Broker Jim and Broker Joe. A facade easement is a type of_______________ easement. Which of the following would NOT be considered a negative easement? Studying population trends in the area. Which of the following uses of pesticide can lead to ecological imbalance? This site is using cookies under cookie policy . Natural resources, such as oil and gold, can be extracted and refined for human consumption from the land. He says to them, Would you prefer to take possession on September 1 or October 1? What kind of closing technique is Harry using? The metes and bounds form of land description uses: 2. a township contains how many square miles? Two months later she purchased and moved into a new home that cost $145,000. A developer of a shopping center buys three adjoining lots for $124,000, $75,000 and $111,000 creating a single parcel worth $420,000. In socialist systems, the government (or community) often exerts greater control over the factors of production. 20.6 Economists consider TFPto be the main factor driving economic growth for a country. c. reliction b. c. the section lines must be clearly noted "IFR Presents World Robotics Report 2020. Because of their low clay content, sandy soils are often referred to as " light soils." Fannie Mae FDIC OCC FRB. 435,600 square feet B. D. Do not show the home between 10 a.m. and noon on Sundays. What Is a Sunk Costand the Sunk Cost Fallacy? The Solow residual, also known as "total factor productivity (TFP)," measures the residual output that remains unaccounted for from the four factors of production and typically increases when technological processes or equipment are applied to production. During the time Sam owned the property he paid $350 per year in taxes, $150 per year on maintenance like grass cutting and $90 per year on miscellaneous expenses. Indicate whether each item is dis 86- Which of the following is not considered a benefit of investing in real estate? c. identifying new food sources d. increasing food imports e. all of the above e. all of the following are aspects of commerical agriculture except: a. a heavy reliance on machinery Chapter 4 PAS 2 Inventories docx - CALAMBA CAMPUS, BRGY - StuDocu A. Labors transaction with firms is based on wages. 47- Which of the following duties is not a permitted activity for an unlicensed personal assistant? C. Discuss alternative properties that may be interest. They will owe a balloon payment at the end of the loan term. B. Decks in Basic Appraisal . 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.. 84- Four years ago, Sam purchased a vacant lot for $10,000. 45- Kirk wants to get an FHA loan. , ided by total investment.. total investment is current assets (inventories, accounts receivables and cash) plus fixed assets. Agricultural land includes all of the following EXCEPT which? The cost of purchase of inventory does not include a. The circular flow model of economics shows how money moves through an economy in a constant loop from producers to consumers and back again. Land refers to physical land, such as the acres used for a farm or the city block on which a building is constructed. What kind of lease does Jim have? Business Accounting 1. Practice Questions with no Answers 33- Which statement is true about a loan that has a negative amortization? Instead, it facilitates the processes used in production by enabling entrepreneurs and company owners to purchase capital goods or land or to pay wages. What does that mean? How much did Sam gain or lose on the sale? He paid $100,000 for it, and made $300,000 worth of improvements. c. in each township section 7 is south of section 6. d. there are 36 sections in a township. Which of the following is not one of those groups? Again, it can take on various forms. Which of the following statements is TRUE about metes and bounds? All of the following statements about the US government survey system are true except: c. a determination of the area of the property Your income is $1,472 every two weeks. The fees that Eric charges Paul for making the loan could be any but which of the following amounts? The state of technological progress can influence the total factors of production and account for any efficiencies not related to the four typical factors. 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. narrow-spectrum pesticide because it focuses on killing specific organisms. C. They can make payments directly to the original lender. A column of townships running North and South is called a: This is further explained below. All the software and code that we write is open source and made available via GitHub under the permissive MIT license. D. Write advertisements and promotional materials with the approval of the licensee and supervising broker. 101- Which type of loan typically carries the most loan points? b. setback 38- When using the straight-line method of depreciation, each year of economic age is given a rate that, A. Varies each year according to a table provided by the IRS, B. The appraiser must avoid mentioning this structure in the report. Which of the following types of investments has historically generated the highest return on investment? Which winds steer hurricanes that form in the Atlantic Ocean toward Florida? Negotiate agreements regarding commission structuring. The lender must furnish a copy of the CFPB booklet to Abby no later than the third business day from which date? California: Real Estate Practice Sample of Final Course Exam, Answers will be revealed with the correct subscription. b. a parcel of land is 1/8 mile by 1/8 mile is 40 acres. 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. The voluntary giving of land for public use by an owner is: 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. riparian The right held by the lessee to use and occupy real estate for a stated term and under the conditions specified in the lease is the definition of. The federal financial institutions regulatory agencies directly involved in fair lending include all of the following EXCEPT. Land and legal Descriptions Flashcards | Quizlet Browse over 1 million classes created by top students, professors, publishers, and experts. C. Tangible assets transferred in the sale include inventory, fixtures and equipment. 19- Which of the following is not an advantage of hosting an open house? 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. Rangelands include natural grassland, savannas, many wetlands, some deserts, tundra, and certain forb and shrub communities. A lot measures 316.4 X 428.90. Depending on its type, an improvement may increase the value of real estate greatly. disease-resistant crop varieties Practice Questions with no Answers for Preview, >Ch16-18 R.E. 9. What is the median of these indications? When he coded the minimum viable product himself, Zuckerbergs labor was the only factor of production. c. 25 acres 28- Abby applies for a federally-related loan to purchase a home. 105- Agent Alice has received an offer that she believes is not in the sellers best interest. B. Each of their payments is for the same amount. D. Offer something valuable to the reader. a. A. Which of the following is an example of a genetically modified crop? What kind of closing technique is Jim using? a. 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. Which of the following would be PRIVATE restrictions on property rights? C. Payments will not be enough to retire the loan. What Are the Most Important Aspects of a Capitalist System?