98- Grant moves into his new office space while he awaits the completion of the negotiations of the lease terms. 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? Labor refers to all wage-earning activities, such as the work of professionals, retail workers, and so on. 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 . B. 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? 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. Department of Housing and Urban Development, C. Recorders Office in the county where the land is located. Which form of legal land description describes a parcel by enclosing it? a. government survey system 7- In the initial meetings with the prospects, the agent should do all of the following except which? A. 5 acres In the chart here we see a global map of land used for arable agriculture (as a share of total land area). c. 200 acres C. Neither Sarah nor Ken can get employer-provided health insurance. 96- Which statement is not true about a listing contract? Negotiate agreements regarding commission structuring. The listing agent must provide the disclosure to the seller prior to securing the listing agreement. a. 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. Natural resources, such as oil and gold, can be extracted and refined for human consumption from the land. This is further explained below. c. 25 acres c. check 42- Alice is planning her career and setting her goals. Twenty years ago, most appraisal reports that were sent electronically were sent using _____ technology; today, most appraisals are sent electronically using a _______ format. a0=mc2c=2cE1=212mc2. These claims are overblown, but soil erosion is a problem and we can do something about it. 16- Dave and Nadine have decided that they want to become property investors. How many owners are there? What is the median price of homes today? c. highest and best use D. Have the prospects sign the disclosure about agency relationship. At the end of the term, the loan balance will be negative. 4. a. frontage D. Their loan payments will gradually increase. Browse over 1 million classes created by top students, professors, publishers, and experts. What do you call the process by which a land owner loses land by a sudden or violent act of nature? Which method of land description would describe an irregular piece of property? Our World in Data is free and accessible for everyone. It can also refer to market, industry, and business fragmentation. The definition of factors of production in economic systems presumes that ownership lies with households, who lend or lease them to entrepreneurs and organizations. C. Payments will not be enough to retire the loan. Please consult our full legal disclaimer. The S 1/2 of the NW 1/4 of the SW 1/4 of section 14 is how many acres. pheromone traps Copyright - CaliforniaRealEstateExamAnswers.com - 2023 -, >Example Final Exam for R.E. a. the water rights reserved by a previous owner What is the median of these indications? While large companies make for excellent examples, a majority of companies within the United States are small businesses started by entrepreneurs. B. Ken must obtain his own training. 1. 44- Jim owns a gift shop in a commercial building. Even an artist involved in making art, whether it is a painting or a symphony, is considered labor. It amalgamates past approaches to economic theory, such as the concept of labor as a factor of production from socialism, into a single definition. c. meridian D) grading, filling, draining, and clearing costs. 57- Under federal income tax law, the basis for a personal residence is which of the following: A. Which winds steer hurricanes that form in the Atlantic Ocean toward Florida? Because of their low clay content, sandy soils are often referred to as "light soils.". A business engaged in agriculture or farming as defined in MGL. $5,500 the first year, plus a maximum 2% increase in market value per year, B. Instead, it facilitates the processes used in production by enabling entrepreneurs and company owners to purchase capital goods or land or to pay wages. 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 Which statement is true ? b. The length of the front of a lot on the street is referred to as the lot's: a. seller Today, capital and labor remain the two primary inputs for processes and profits. 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. Erosion Which of the following types of agriculture is correctly matched with the agricultural practice? 20.6 C. Analyzing the income potential of the property. c. 8.4 Land includes any natural resource used to produce goods and services; anything that comes from the land. C. Tangible assets transferred in the sale include inventory, fixtures and equipment. Read about productivity in the workplace and how productivity impacts investments. b. meridians John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, David N. Shier, Jackie L. Butler, Ricki Lewis, Nursing Fundamentals- Medication Administrati. Fragmentation is the use of various suppliers and manufacturers to produce a good. (e) 6.61027m6.6\times10^{-27}\;\mathrm{m}6.61027m. By increasing crop yields we can reduce the amount of land we use for agriculture. a. b. recorded plat D. Seeking buyers for others agents listings. Get started for free! 4. the point of beginning is associated with: 5. Which of the following would NOT be considered a negative easement? A lot measures 316.4 X 428.90. What is sandy soil? B. Similarly, the use of kiosks in self-serve restaurants can help firms cut back on their labor costs. 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. Why might a lender require a survey before making a loan? 41- Agricultural land includes all of the following EXCEPT which? b. 3. (d) 1.81019m1.8\times10^{-19}\;\mathrm{m}1.81019m A lot measures 248.4 feet X 378.90 feet. The Federal Reserve can influence the level of economic activity by. , ided by total investment.. total investment is current assets (inventories, accounts receivables and cash) plus fixed assets. 10- Which of the following prospecting techniques do you have to use carefully because it has tended to upset people in recent years? The borrowers family in case of his or her death, B. A survey would reveal all of the following about a property EXCEPT: 10. Entrepreneurship is the secret sauce that combines all the other factors of production into a product or service for the consumer market. They will owe a balloon payment at the end of the loan term. 84- Four years ago, Sam purchased a vacant lot for $10,000. C. Parks. Again, it can take on various forms. Purchase of equipment. A. Studying population trends in the area. C. Once filed, it remains until terminated. Agricultural Systems is an international journal that deals with interactions - among the components of agricultural systems, among hierarchical levels of agricultural systems, between agricultural and other land use systems, and between agricultural systems and their natural and social environments. D. Amanda smiles at Jim when she sees the whirlpool tub. The date Abby receives the good faith estimate. 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. Skilled and trained workers are called human capital and are paid higher wages because they bring more than their physical capacity to the task. d. a setback, 12. She sold the property and several months later the buyer sued Pam for not disclosing the problem. For example, a technology company can easily begin operations with zero investment in land. a. Meanwhile, a company that makes its money from building and renting out office space might see land and capital as its most valuable factors. A. 5. 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. disease-resistant crop varieties c. reliction 5. 75- All but which of the following is NOT an AIDA feature? b. C. Have keys made for company listings. A. 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. Which statement is true? B) assumption of any liens or mortgages on the property. 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 A land owner is contemplating building a septic tank sewer system on his lot. 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. b. Which of these factors would result in a violation of USPAP if the appraiser based his or her appraisal fee on it? B. Earthquake and volcanic action A longer mortgage loan term will: Result in lower monthly mortgage payments Her property taxes would be assessed at: 79- Tom and Mary want to purchase their first home. Which of the following uses of pesticide can lead to ecological imbalance? has an increased likelihood of obesity, diabetes, and heart disease. B. C. A seller can sell his or own home and owe home and owe no commission if he or she signs an exclusive agency listing. b. range Marxism is a set of social, political, and economic theories developed by Karl Marx that formed the basis of socialist principles. Greenpeace includes all related activities. For example, the construction worker at a hotel site is part of labor, as is the waiter who serves guests or the receptionist who enrolls them into the hotel. 81- Jake has decided to specialize in working with clients who purchase schools. c. 2 townships 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. Help us do this work by making a donation. 101- Which type of loan typically carries the most loan points? The right to construct and maintain tunnels, subways, subcellars, pipelines, sewers, etc. is the definition of _________ rights. Last year, about 25% of his income came from sales commissions. Learn how it impacts trade. d. an easement, a. the water rights reserved by a previous owner, 14. Which of the following statements is true? A. Orchards. D. Ken and Sarah both must be at the office from 9 a.m. to 5 p.m. 35- Who benefits from Private Mortgage Insurance? (c) 3.31014m3.3\times10^{-14}\;\mathrm{m}3.31014m B. A property owner on a river or creek is said to have which type of rights? Agricultural land includes all of the following EXCEPT which? 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. c. accretion 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. D. All adjustable rate mortgages have negative amortization. Generally, Light, warm, dry, sandy soil that is acidic and deficient in nutrients is what you may expect to find in a typical climate. B. 73- Which of these is not a buying signal? Referral fee to a homeowners insurance agent. resistant to viral diseases, drought, heat, or herbicides. A. A. 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. 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? 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 D. Pam is has no duty to investigate and may rely on the opinion of a heating professional or home inspector. You have permission to use, distribute, and reproduce these in any medium, provided the source and authors are credited. a. metes and bounds A potential benefit of genetic engineering is the development of crop plants. b. setback This term typically refers to. Labors transaction with firms is based on wages. 67- Hannah is a real estate assistant. Whoever brings the buyer will get the commission. c. Lot 2 block M, Lincoln wood subdivision, missoula country, MT 59802 c. an encroaching elm tree A. Greg Burns is selling his interest in his home to his wife Melanie as part of their divorce settlement. A. C. Brenda could be liable for a breach of the listing terms. Which countries are overapplying nitrogen without gains in crop yields? The selling agent must provide the disclosure to the seller as soon as practicable prior to presenting a purchase offer. C. Identifies buyers for other properties. 4024 pine street, Missoula, missoula country mt 59801 Land as a factor of production can mean agriculture and farming to the use of natural resources. C. Consider child support payments in the decision. 88- Sally and Dan must pay 2 points on their new $65,000 loan. Why? A. Brenda must follow all of Jims instructions. 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. 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. The lender will allow you to spend up to 28% of your annual income for housing costs, including your mortgage, property taxes, and insurance. He says to them, Would you prefer to take possession on September 1 or October 1? What kind of closing technique is Harry using? Give the prospects a black copy of a purchase agreement to look over. The Census of Agriculture is a complete count of U.S. farms and ranches and the people who operate them. 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. 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. 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. Practice Questions with no Answers for Preview, >ALL Real Estate Practice Class Questions with Answers & most with Explanations. 6. 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. For example, a tractor purchased for farming is capital. The buyer was responsible for making the discovery, so Pam is therefore liable. A. The cost of purchase of inventory does not include a. d. assemblage, 39. Installation of central air conditioning, D. Addition of a tenant laundry facility. Import duties and taxes c. Freight, handling and other costs directly attributable to the acquisition of goods d. Trade discounts, rebates and other similar items. Brainscape helps you realize your greatest personal and professional ambitions through strong habits and hyper-efficient studying. Which form of legal land description uses measures of definite distances in indicated directions? Decks in Basic Appraisal . For example, private enterprises and individuals own most of the factors of production in capitalism. D. The interest payment is always smaller then the amount allocated to the principal. 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 21- Which form of advertising is considered the most cost-effective method for selling a home? For people and planet, it's one of . 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. Crop yields might seem far from being one of the world's largest problems. -pesticides kill prey thereby causing predators to starve or migrate. A property is owned as tenancy in severalty. How much did Sam gain or lose on the sale? D. Exclusive-authorization-and-right-to-sell agreement. 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. The other 75% came from an hourly wage paid by Tami. If Broker Tom procures a buyer for Jack, Tom will get the commission and Alice will not. c. easement Purchase of investments. 55- Greg is approved for a Cal-Vet loan. Proceeds from issuance of stock. 22- Jane sold her personal home for $148,000. C. Discuss alternative properties that may be interest. 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. 186,000 x .80 = 148,800148,800 x .006 = 892.8892.8/12 (months) =74.4Answer: $74.40, Short term money instruments are traded on the. What is the key feature of this type of loan? 53- Greg sold an apartment building he owned for 20 years. This is further explained below. 11- Broker Jill has an agreement with seller Alice that says Jill will receive compensation if anyone except Alice sells Alices home, what kind of agreement is this? However, during periods of economic expansion, they invest in new machinery and equipment to bring new products to market. B. 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. an easement sewers; crops; buildings; roads Special purpose: Property used by the public, such as cemeteries,. He just sold it for $13,000. 62- When agent Hal shows a home he should never: A. USPAP includes performance standards for the appraisal of, real property, personal property, and business/intangible property, What is the mode of the following set of gross rent multipliers? What is the mean sale price? Economic Order Quantity: What Does It Mean and Who Is It Important For? Which of the following would be considered an intermediate goal? What would we call Hannah? What will the new owners pay in property taxes? t46810121416T48465157626871\begin{matrix} ", Association for Advancing Automation. limited use of pesticides, Which of the following is not a problem associated with industrial agriculture? Land not classified as "Forest", spanning more than 0.5 hectares; with trees higher than 5 meters and a canopy cover of 5-10 percent, or trees able to reach these thresholds in situ; or with a combined cover of shrubs, bushes and trees above 10 percent. Understanding the kind of responses your advertising generates, D. Being able to anticipate the callers requirements. What kind of a mortgage do they have? She is probably using all but which of the following tools? D. Avoid negative comments while hes inside the home. b. to protect against encroachments The main cause of undernutrition and food insecurity globally is lack of available food. B. C. I will open my own office within nine years. B. . D. Brenda has not violated any fiduciary duty. 91- This paragraph of the purchase agreements informs the seller of the buyers right to inspect the property and can cancel or request maintenance based on findings. Some common land or natural resources are water, oil, copper, natural gas, coal, and forests. Then the prey population rebounds larger than before since predators are gone Give a discount to families with children. A. Generates leads for new listings. Let T(t) be the temperature (inF)\left(\text { in }^{\circ} \mathrm{F}\right)(inF) in Seattle t hours after midnight on May 7, 2012. Manufacturers within the United States, which had been in the throes of an economic recession after the financial crisis, cut back on their investments related to production due to tepid demand. 30- Being prepared to handle incoming phone calls means all of the following except which? Your income is $1,472 every two weeks. She has worked in multiple cities covering breaking news, politics, education, and more. During this interim period, grant makes monthly rent payments and the owner accepts them. 29- Which of the following is not a good direct mail technique? 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? D. The appraised value prior to sale a. recorded plat, us government survey, and street address. What kind of loan do they have? 1. Give credit to all potential borrowers. It can be considered an employment contract. Demand analysis in a market indicates that 15 houses per month can be sold in the market. C. Real Estate Settlement and Procedures Act. 36- Broker Eric secures a loan for buyer Paul. Agricultural productivity across Sub-Saharan Africa needs to improve to reduce hunger, poverty, and the destruction of biodiversity. You apply for a mortgage. d. metes and bounds, 17. b. a parcel of land is 1/8 mile by 1/8 mile is 40 acres. Electronic Data Interchange for transmitting appraisal reports became popular in the (date). 9. We also reference original research from other reputable publishers where appropriate. The simplot house, Brentwood Subdivision, Sun Rose township, Great Falls MT 59405 87- What information can you gather from the newspaper to help develop a Prospecting Plan? 60- Seller Tom has an agreement with Broker Bill, Broker Jim and Broker Joe. How much cropland has the world spared due to increases in crop yields? Take the potential energy for the system with the brick placed at infinity to be zero.

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