7- In the initial meetings with the prospects, the agent should do all of the following except which? What kind of agreement is this? Department of Housing and Urban Development, C. Recorders Office in the county where the land is located. During this interim period, grant makes monthly rent payments and the owner accepts them. After Facebook, the social media site, became popular and spread across campuses, it realized it needed to recruit additional employees. 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. 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 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 How many months inventory does this represent? Land: Includes undeveloped property, vacant land, and agricultural lands such as farms, orchards, ranches, and timberland. For the early political economists, labor was the primary driver of economic value. C. Jim and Amanda whisper and frown when they see the basement. 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. 105- Agent Alice has received an offer that she believes is not in the sellers best interest. turnover is sales div 2. If pesticide from a farm runs off into Lake Michigan, which organism in the lake's food chain would test highest for the pesticide? 42- Alice is planning her career and setting her goals. In economics, capital typically refers to money. 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.. (d) 1.81019m1.8\times10^{-19}\;\mathrm{m}1.81019m Goodwill is an intangible asset that results from the reputation of the business. A. Which of the following is an example of a genetically modified crop? As a factor of production, capital refers to the purchase of goods made with money in production. ROI is equal to turnover multiplied by earning as a percent of sales. 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. Rangelands include natural grassland, savannas, many wetlands, some deserts, tundra, and certain forb and shrub communities. 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? 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. The health of soil is a primary concern to farmers and the global community whose livelihoods depend on well managed agriculture that starts with the dirt beneath our feet. 83- Matt is computing the adjusted cost basis of his apartment building for income tax purposes. Brenda refuses. Marxism is a set of social, political, and economic theories developed by Karl Marx that formed the basis of socialist principles. The greater a firm's or country's TFP, the greater its growth. 6- According to California real estate law, how often must a broker balance his or her trust accounts? Estimate its value. Fannie Mae FDIC OCC FRB. b. the boundaries of the property 71- When agent Jane meets with her sellers to offer suggestions, she most likely would not give them: 72- According to RESPA, a buyer or seller cannot legally be charged at closing for which of the following items? Use these expressions to check the numerical values of the constants a0a_0a0 and E1E_1E1. A. Their first mortgage will get paid off immediately. 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. 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? d. lot, block, and subdivision, 21. the NW 1/4 of the NW 1/4 of the SW 1/4 of Section 12 is: Ownership of the factors of production also differs based on the economic system. A. Practice Questions with no Answers for Preview, >Practice Exam for R.E. When he coded the minimum viable product himself, Zuckerbergs labor was the only factor of production. 41- Agricultural land includes all of the following EXCEPT which? C. Have keys made for company listings. Land as a factor of production can mean agriculture and farming to the use of natural resources. A. A. Greg Burns is selling his interest in his home to his wife Melanie as part of their divorce settlement. Some common land or natural resources are water, oil, copper, natural gas, coal, and forests. Which of the following statements is true? Along the same lines, desks and chairs used in an office are also capital. The S 1/2 of the NW 1/4 of the SW 1/4 of section 14 is how many acres. What Is Depreciation, and How Is It Calculated? gives the FBI jurisdiction over state authorities in certain casesprohibits fraud in real estate transactionsestablishes penalties for any criminal activitiesrequires certain documents to be in writing, prohibits fraud in real estate transactions. Organisms at higher levels on food webs tend to have greater concentrations of bioaccumulated pesticide stored in their bodies through a process known as. On the other hand, land is the most significant investment for a real estate venture. Certain homeowners may qualify for a $10,000 exemption. \text{T} & \text{48} & \text{46} & \text{51} & \text{57} & \text{62} & \text{68} & \text{71}\\ All of the following would be considered improvements to land EXCEPT. Two years ago, you bought a property for $264,500. 100 ft 3. a plat map is used in which type of legal description? Even an artist involved in making art, whether it is a painting or a symphony, is considered labor. The Federal Reserve can influence the level of economic activity by. Which statement is true ? none, these are all problems associated with industrial agriculture In the above question, the increased value created by the assemblage is called: a0=mc2c=2cE1=212mc2. C2H5Br(alc)+OH(alc)C2H5OH(I)+Br(alc), is first order each in ethyl bromide and hydroxide ion. The difference in skill levels and terminology also helps companies and entrepreneurs create corresponding disparities in pay scales. Labor refers to the effort expended by an individual to bring a product or service to the market. c. accretion Depending on its type, an improvement may increase the value of real estate greatly. Which of the following statements is true? Which countries are overapplying nitrogen without gains in crop yields? What did it sell for per acre? Which of the following would be considered an intermediate goal? For example, an accountants job requires the analysis of financial data for a company. Improvements in crop yields have been essential to feed a growing population, while reducing the environmental impact of food production at the same time. a. a radon level test (e) 6.61027m6.6\times10^{-27}\;\mathrm{m}6.61027m. C. Recommend a counteroffer back to list price. 67- Hannah is a real estate assistant. 50- Harry has some buyers that he believes are ready to make an offer. a. erosion How much will you have to deliver to closing to cover both the down payment and the loan points? A. I will complete the GRI certification in the next four years. Which of the following methods of legal land description would most likely be used to describe agricultural lands? Referral fee to a homeowners insurance agent. Why is the Schroendinger equation not valid for relativistic particles? ", Association for Advancing Automation. c. Lot 2 block M, Lincoln wood subdivision, missoula country, MT 59802 The Haleys want to get a mortgage that will cover the purchase price plus all the furnishings. Depending on the specific circumstances, one or more factors of production might be more important than the others. C. Allow indoor pets to leave their designated area. 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. A facade easement is a type of_______________ easement. 300 ft What is most likely their main motivation for investing? What is Gregs capital gain on the apartment? At the end of the term, the loan balance will be negative. a) construct an influence diagram that relates these variables Agricultural land is typically land devoted to agriculture the systematic and controlled use of other forms of lifeparticularly the rearing of livestock and production of cropsto produce food for humans. 49- Agent Dan tells his buyers that the seller will leave the washer and dryer if the buyers make an offer now. 92- Which of the following situations is not exempt from the seller disclosure requirement? Erosion How much did Sam gain or lose on the sale? You can say that the land is preserved wilderness, or put it to some kind of agricultural use to save on property taxes. b. a parcel of land is 1/8 mile by 1/8 mile is 40 acres. pheromone traps You want to buy a house for $243,500. At the end of the term, the loan balance will be negative. Which entity is responsible for making periodic changes to USPAP? A potential benefit of genetic engineering is the development of crop plants. Business Accounting 1. C. Payments will not be enough to retire the loan. What kind of loan do they have? Deforestation can include clearing the land for farming or livestock, or using the timber for fuel . The state of technological progress can influence the total factors of production and account for any efficiencies not related to the four typical factors. Required Information and Example, Retained Earnings in Accounting and What They Can Tell You, Revenue Recognition: What It Means in Accounting and the 5 Steps. The Census of Agriculture is a complete count of U.S. farms and ranches and the people who operate them. Federal Reserve Bank of San Francisco. 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 . 99- All exclusive listing agreements must have, C. A list of personal property included in the sale. However, commentators sometimes refer to labor and capital as the two primary factors of production. For purposes of federal income tax, which statement is true? Which is NOT a requirement of a valid deed? Explain the meaning of abov However, during periods of economic expansion, they invest in new machinery and equipment to bring new products to market. 20.6 5. 96- Which statement is not true about a listing contract? He sold the building for $1,000,000 and paid $60,000 in commission to the broker. Who has the dominant tenement in this situation? 102- What is the minimum period of time over which the owner of a commercial building can depreciate the improvements? Give a discount to families with children. , ided by total investment.. total investment is current assets (inventories, accounts receivables and cash) plus fixed assets. 68- Greg and Joyce have an adjustable rate mortgage on their home. 4 rods Indicate whether each item is dis 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. 34- Sarah is an employee and Ken is an independent contractor at Kerns Realty. What should Alice do? The definition of factors of production in economic systems presumes that ownership lies with households, who lend or lease them to entrepreneurs and organizations. Labor by an uneducated and untrained worker is typically paid at low prices. Deforestation is the permanent removal of trees to make room for something besides forest. How many acres is that? (a) 2.01020m2.0\times10^{-20}\;\mathrm{m}2.01020m Both types of leases involve different forms of a definite rental rate. c. front footage Which of the following is a legal description of a property? b. meridians Which of the following would be PRIVATE restrictions on property rights? real estatesavings accountmoney market fundcertificate of deposit. B. Pastureland. Under no circumstances, however, is labor owned by firms. 100 acres The length of the front of a lot on the street is referred to as the lot's: Start in the room with the best features. Fragmentation is the use of various suppliers and manufacturers to produce a good. Which form of legal land description uses measures of definite distances in indicated directions? There are four factors of productionland, labor, capital, and entrepreneurship. In zoning, the distance from the street to the front of a house is called: 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? this analysis can only be applied if there are no existing improvements. 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). Which of the following statements is TRUE about metes and bounds? The original loan becomes subordinate to the wraparound. d. an easement, a. the water rights reserved by a previous owner, 14. Natural resources, such as oil and gold, can be extracted and refined for human consumption from the land. C. Find a lender who is willing to do FHA loans. Purchase of equipment. 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. a. metes and bounds Why might a lender require a survey before making a loan? B. Within the software industry, labor refers to the work done by project managers and developers in building the final product. 85- Which paragraph of the purchase agreement states that the balance of the purchase price will be deposited into escrow prior to closing? 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. How long does he have to file a complaint with the Department of Housing and Urban Development? 10- Which of the following prospecting techniques do you have to use carefully because it has tended to upset people in recent years? 56- Which is not a true statement about the Agency Disclosure? 6. c. 400 ft California: Real Estate Practice Sample of Final Course Exam, Answers will be revealed with the correct subscription. The interest rate will increase gradually over time. The website with the largest amount of demographics information is, What is the median of the following set of gross rent multipliers? C. Brenda could be liable for a breach of the listing terms. The US government survey uses all of the following EXCEPT: Depreciation. Absolute advantage allows an entity to produce a greater quantity of the same good or service with the same constraints than another entity. 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. This analysis can only be applied if there are no existing improvements. The recent trend of U.S. prime farmland has been a loss of 160,000 hectares per year. the same size C. The same amount will go towards the principal every month. D. Offer something valuable to the reader. 52- Which statement is true about a listing contract? A. Factors of production is an economic term that describes the inputs used in the productionof goods or services to make an economic profit. The land that is least conducive to agriculture is sandy soil. narrow-spectrum pesticide because it focuses on killing specific organisms. C. It creates an agency relationship. 1. A property owner on a river or creek is said to have which type of rights? D. Pam is has no duty to investigate and may rely on the opinion of a heating professional or home inspector. 4. The borrowers family in case of his or her death, B. Entrepreneurship is the secret sauce that combines all the other factors of production into a product or service for the consumer market. d. 2.5 square miles, 15. The listing agent must provide the disclosure to the seller prior to securing the listing agreement. Which law extended discrimination to include handicap and familial status? All the software and code that we write is open source and made available via GitHub under the permissive MIT license. c. lot, block, and subdivision A. Ken is responsible for his own taxes, while the broker pays Sarahs. 52 weeks in a year divided by 2 is 26.1,472 x 26 = 38,27238,272 x .28 = 10,716,16 (28% of the annual income per yr)10,716 divided by 12 (months) =893.01 monthly payments. An example of entrepreneurship is the evolution of the social media behemoth Meta (META), formerly Facebook. b. to protect against encroachments Broker Alice holds an uncashed check until the offer is accepted. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. A land owner is contemplating building a septic tank sewer system on his lot. It must be in writing to be enforceable. Brainscape helps you realize your greatest personal and professional ambitions through strong habits and hyper-efficient studying. If Broker Tom procures a buyer for Jack, Tom will get the commission and Alice will not. Her expertise is in personal finance and investing, and real estate. You have found comparable sales of rural land parcels that indicate the following sale prices per acre: ($930, $775, $1202, $995, $1612, $906). C. Theyre probably paying a higher interest rate on the second mortgage. -pesticides alter the genetic resistance in populations causing the pests to persist. D. A basis of $140,000 and no taxable gain. They will owe a balloon payment at the end of the loan term. 44- Jim owns a gift shop in a commercial building. a. The U.S. land area covers nearly 2.3 billion acres. "The Industrial Robotics Industry in China: Demand and Domestic Innovation. B. When appraising an income producing property, you have the following GRMs indicated from comparable sales (122, 159, 132, 126, 122, 173, 152, 126). 4. the point of beginning is associated with: 5. D. Write advertisements and promotional materials with the approval of the licensee and supervising broker. The buyer was responsible for making the discovery, so Pam is therefore liable. c. to protect against liens a. c. lien B. What Is a Sunk Costand the Sunk Cost Fallacy? The appraiser must avoid mentioning this structure in the report. Browse over 1 million classes created by top students, professors, publishers, and experts. d. a percolation test, 29. The value of the property the borrower wants to purchase, D. The neighborhood in which the property is located. A Fannie Mae. A. What would we call Hannah? b. recorded plat Countries that are rich in human capital experience increased productivity and efficiency. b. easement d. tier, 20. This term typically refers to. B. c. highest and best use a. c. it is a document used to record the subdivision of land, 11. b. reliction However, money is not a factor of production because it is not directly involved in producing a good or service. b. Prove that Cf(z)dz=0\oint_{C} f(z) d z=0Cf(z)dz=0, where f is the given function and C is the unit circle z=1|z|=1z=1. 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. Which of the following is Kirk himself not likely to do during the application process? The cost of purchase of inventory does not include a. A survey would reveal all of the following about a property EXCEPT: 10. 43- The Equal Credit Opportunity Act (ECOA) requires lenders to: A. C. Once filed, it remains until terminated. b. metes and bounds The principle of supply and demand states that the price of a commodity, good, or service varies __________, but not necessarily _____________, with demand. How many owners are there? Again, it can take on various forms. 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. disease-resistant crop varieties 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? Why? Secure documents that are public information from the courthouse and other sources available to the public. 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. A. sewers; crops; buildings; roads Read about productivity in the workplace and how productivity impacts investments. The factors of production are land, labor, capital, and entrepreneurship. d. lots and blocks, 16. The cost of land typically includes the purchase price and all of the following costs except A) private driveways and parking lots. 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 ) A. These include any resource needed for the creation of a good or service. Property Owner A has the right to develop his property into 10 lots. 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? Understanding the kind of responses your advertising generates, D. Being able to anticipate the callers requirements. earnings equal sales minus the cost of sales He just sold it for $13,000. Production workers are paid for their time and effort in wages that depend on their skill and training. Jim and Jane financed the remaining $25,000 through the seller. D. The UCC is a body of law that standardizes a number of business practices. Land, labor, and capital as factors of production were originally identified by early political economists such as Adam Smith, David Ricardo, and Karl Marx. By increasing crop yields we can reduce the amount of land we use for agriculture. 15- Karen and Al obtained a 30-year fixed-rate, fully amortized loan when they purchased their home. C. Insurance agents dealing with customers. The permanent receding of water increases the land owner's property by: 98- Grant moves into his new office space while he awaits the completion of the negotiations of the lease terms. 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? B) assumption of any liens or mortgages on the property. 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. A. Which of the following types of investments has historically generated the highest return on investment? A. Productivity measures the efficiency of production in economics. d. 600 ft, 37. 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 In this context,technology has a fairly broad definition and can refer to software, hardware, or a combination of both used to streamline organizational or manufacturing processes. 4. The ERS Major Land Uses series is the longest running accounting of all major uses of public and private land in all 50 States. You want to insure it for 80% of value. What is the median of these indications? . 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. b. dedication d. 2.5, 28. Your income is $1,472 every two weeks. (95, 93, 120, 94, 93, 129), A right or interest in property is a(n). Sharon and Steve have just taken a second mortgage on their home. Housing and Community Development Act. 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. the columns of townships running north and south within a check are called ranges Mark Zuckerberg assumed the risk for the success or failure of his social media network when he began allocating time from his daily schedule toward that activity. But, if yields and labor productivity do not increase it will have far-reaching consequences for global poverty, and protection of the environment. 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? Similarly, the use of kiosks in self-serve restaurants can help firms cut back on their labor costs.
