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. c. 66 feet 56- Which is not a true statement about the Agency Disclosure? The lender must furnish a copy of the CFPB booklet to Abby no later than the third business day from which date? Which of the following types of investments has historically generated the highest return on investment? The metes and bounds form of land description uses: 2. a township contains how many square miles? Again, it can take on various forms. B. Pleases the sellers by inv=creasing activity. Purchase of investments. Please remove your shoes before entering the home. Values increased in that area by 5% the first year and 7% the second year. D. The date Abby makes the request to receive the booklet. What should Tom do? As a factor of production, capital refers to the purchase of goods made with money in production. But, if yields and labor productivity do not increase it will have far-reaching consequences for global poverty, and protection of the environment. 33- Which statement is true about a loan that has a negative amortization? soil erosion For people and planet, it's one of . How much did Sam gain or lose on the sale? Last year, about 25% of his income came from sales commissions. A Montana ranch is made up of Section 9, 10, 11 and North Half of Section 16. U.S. land area covers nearly 2.3 billion acres. 19- Which of the following is not an advantage of hosting an open house? This can result in a transformation of factors of production for entire industries. t46810121416T48465157626871\begin{matrix} All of our charts can be embedded in any site. c. highest and best use Real Estate includes all of the following except: Property rights. 16- Dave and Nadine have decided that they want to become property investors. 4024 pine street, Missoula, missoula country mt 59801 Jason Fernando is a professional investor and writer who enjoys tackling and communicating complex business and financial problems. Understanding the kind of responses your advertising generates, D. Being able to anticipate the callers requirements. 100- What does the Real Estate Disclosure Law refer to? For a group of early French economists called the physiocrats, who predated the classical political economists, land was responsible for generating economic value. The table shows values of this function recorded every two hours. c. in each township section 7 is south of section 6. d. there are 36 sections in a township. A Bill of Sale gives title to the business equipment. Make no recommendations and let the sellers decide on their own. The value of the property the borrower wants to purchase, D. The neighborhood in which the property is located. All of the following statements about sections as defined in the US government survey system are true EXCEPT: a. a section is 640 acres. 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: 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. Capital also follows a similar model in that it can be owned or leased from another party. A. B. A problem with the real property market is that the amount of ________ is slow to change. 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. Labor refers to all wage-earning activities, such as the work of professionals, retail workers, and so on. A. c. sections Generally, Light, warm, dry, sandy soil that is acidic and deficient in nutrients is what you may expect to find in a typical climate. 41- Agricultural land includes all of the following EXCEPT which? What kind of closing technique is Jim using? While land is an essential component of most ventures, its importance can diminish or increase based on industry. A(n) __________ contract is one that is not been fully performed or completed. d. avulsion, 34. Agricultural productivity across Sub-Saharan Africa needs to improve to reduce hunger, poverty, and the destruction of biodiversity. "North American Robot Orders Fall 21% in 2008. She has worked in multiple cities covering breaking news, politics, education, and more. 37- When dealing with the sale of a business, which is not a true statement? D. Their lender can profit from the difference in interest rates. c. meridian Economists consider TFPto be the main factor driving economic growth for a country. 47- Which of the following duties is not a permitted activity for an unlicensed personal assistant? 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 . Practice Questions with no Answers for Preview, >Ch7-9 R.E. The purchase price, plus improvements, C. The fair market value at the time of sale. Which method of land description would describe an irregular piece of property? This is an example of. d. assemblage, 39. Under no circumstances, however, is labor owned by firms. Studying population trends in the area. All other material, including data produced by third parties and made available by Our World in Data, is subject to the license terms from the original third-party authors. C. Refuse to accept the offer and check. d. encroachment, 13. A social entrepreneur is a person who pursues an innovative idea with the potential to solve a community problem. a. plottage 75- All but which of the following is NOT an AIDA feature? Land resources are the raw materials in the production process. 57- Under federal income tax law, the basis for a personal residence is which of the following: A. You apply for a mortgage. The four agents of production are land, ________, capital, and _____________. narrow-spectrum pesticide because it focuses on killing specific organisms. The broker will not provide any. 4 rods How many acres are there is the described property? . The Uniform Commercial Code covers the sale of goods over $________. D. Write advertisements and promotional materials with the approval of the licensee and supervising broker. The cash rent lease and the crop-share lease are the two most frequently used land leases in agriculture. A. 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. a. to protect the buyer by showing the size of the lot Each of their payments is for the same amount. c. front footage D. The UCC is a body of law that standardizes a number of business practices. PRACTICE QUESTIONS), >Ch1-3 R.E. What kind of agreement is this? (95, 93, 120, 94, 93, 129), A right or interest in property is a(n). Labor by an uneducated and untrained worker is typically paid at low prices. 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. ", U.S. International Trade Commission. A. They are commonly broken down into four elements: land, labor, capital, and entrepreneurship. B. $5,500 the first year, plus a maximum 2% increase in market value per year, B. Which is a true statement? 42- Alice is planning her career and setting her goals. Indicate whether each item is dis Learn how it impacts trade. It sold for $80,000. 51- Which statement is true about a homeowners exemption? What is the meaning of T(12)?T^{\prime}(12) ?T(12)? How many owners are there? The circular flow model of economics shows how money moves through an economy in a constant loop from producers to consumers and back again. 63- Jennys home appraised for $550,000. strategies used to increase the supply of food for a country could include. 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. Federal Reserve Bank of San Francisco. 54- Jim and Jane are buying a home for $120,000. Which of these factors would result in a violation of USPAP if the appraiser based his or her appraisal fee on it? A. 34- Sarah is an employee and Ken is an independent contractor at Kerns Realty. He sold the building for $1,000,000 and paid $60,000 in commission to the broker. For the early political economists, labor was the primary driver of economic value. b. easement A. Which is NOT a requirement of a valid deed? 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. D. Farms. This practice is: 24- When talking to his investment clients, Broker Adam often to tax shelters. The state of technological progress can influence the total factors of production and account for any efficiencies not related to the four typical factors. John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, David N. Shier, Jackie L. Butler, Ricki Lewis, Nursing Fundamentals- Medication Administrati. Integrated pest management incorporates all of the following methods except Which of the following is not one of those groups? You want to insure it for 80% of value. A column of townships running North and South is called a: What is the median sale price? 52- Which statement is true about a listing contract? You can learn more about the standards we follow in producing accurate, unbiased content in our, The Evolution of Accounting and Accounting Terminology. a. townships 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? A basis of $148,000 and no taxable gain, B. closed in the operating activities (O), investing activities (I), or financing activities (F) section of the statement or use (NA) if the item does not appear on the statement. 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? 96- Which statement is not true about a listing contract? They have $20,000 for a down payment and assumed the sellers mortgage of $75,000. 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. The area is characterized by the presence of agricultural land intended for parking serving the Fiumicino airport, located in the vicinity, along the SW slope with the Leonardo Da Vinci airport, to the SE with the A91 motorway Rome Fiumicino motorway, to the to the NW with other land and some commercial/craft activities and to the NE with a . "About Us.". C. Exclusive-authorization-and-right-to-sell. b. Here are all the sales in your area in the last 4 months. The three methods used to legally describe land are: Decks in Basic Appraisal . 104- Lorna and Hal have obtained a growing equity mortgage for their new home. 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. The adjusted cost basis of the first home was $140,000. 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. 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. Which entity is responsible for making periodic changes to USPAP? a. a grant 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 C. Neither Sarah nor Ken can get employer-provided health insurance. 99- All exclusive listing agreements must have, C. A list of personal property included in the sale. Because entrepreneurs are vital for economic growth, countries are creating the necessary framework and policies to make it easier for them to start companies. The S 1/2 of the NW 1/4 of the SW 1/4 of section 14 is how many acres. 87- What information can you gather from the newspaper to help develop a Prospecting Plan? How many acres is that? What is the median price of homes today? C. Identifies buyers for other properties. You want to buy a house for $243,500. For example, the use of robots in manufacturing has the potential to improve productivity and output. Explain the meaning of abov B. How much cropland has the world spared due to increases in crop yields? 95- Who is liable for the withholding on the sale of a property owned by a foreigner? b. range d. 640 acres, 38. 70- Which of these items would be a credit to the buyer on the settlement statement? 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. The lender in case of the borrowers death, C. The lender against delinquent payments, D. The lender in case of the borrowers default. 5. B. The buyer was responsible for making the discovery, so Pam is therefore liable. A surveyor's chain is: C. If the selling agent does not deal directly with the seller, the selling agent is not required to provide the disclosure. 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 . D. Their loan payments will gradually increase. 3400 acres The term of the loan can be shortened. C. Discuss alternative properties that may be interest. 7. Special purpose: Property used by the public, such as cemeteries,. a. seller c. Lot 2 block M, Lincoln wood subdivision, missoula country, MT 59802 Start in the room with the best features. Labors transaction with firms is based on wages. c. it is a document used to record the subdivision of land, 11. 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. Tell the sellers exactly how she feels and why she thinks the offer is not a good one. Sharon and Steve have just taken a second mortgage on their home. These include any resource needed for the creation of a good or service. d. to make sure the improvements are constructed on the mortgaged lot, d. to make sure the improvements are constructed on the mortgaged lot, 33. Her expertise is in personal finance and investing, and real estate. A. These include white papers, government data, original reporting, and interviews with industry experts. Why Are the Factors of Production Important to Economic Growth? d. lots and blocks, 16. C. Consider child support payments in the decision. The principle of supply and demand states that the price of a commodity, good, or service varies __________, but not necessarily _____________, with demand. c. reliction , ided by total investment.. total investment is current assets (inventories, accounts receivables and cash) plus fixed assets. B. The fees that Eric charges Paul for making the loan could be any but which of the following amounts? a. Two years ago, you bought a property for $264,500. The appraiser must avoid mentioning this structure in the report. 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. 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. b. a parcel of land is 1/8 mile by 1/8 mile is 40 acres. a. putting more land into production b. increasing the yield of land under cultivation. Your income is $1,472 every two weeks. When appraising an income producing property, you have the following GRMs indicated from comparable sales (122, 159, 132, 126, 122, 173, 152, 126). d. a setback, 12. A business engaged in agriculture or farming as defined in MGL. During an economic contraction or when they suffer losses, companies cut back on capital expenditure to ensure profits. 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. Factors of production is an economic term that describes the inputs used in the productionof goods or services to make an economic profit. All the software and code that we write is open source and made available via GitHub under the permissive MIT license. 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. B. -pesticides show mobility, moving other than where they were applied inadvertently killing non-pest organisms. depletion of fossil fuels Get started for free! -All of the above When estimating the value of a fireplace in a single-family home, the most important principle is the principle of, changesubstitutionincreasing and decreasing returnscontribution, Normally the first step in highest and best use analysis is to research the uses that are, socially acceptablefinancially possiblelegally permissiblemaximally productive. a. In socialist systems, the government (or community) often exerts greater control over the factors of production. d. lien, 35. b. 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. A lot measures 316.4 X 428.90. 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? \text{t} & \text{4} & \text{6} & \text{8} & \text{10} & \text{12} & \text{14} & \text{16}\\ earnings equal sales minus the cost of sales b. the boundaries of the property Demand analysis in a market indicates that 15 houses per month can be sold in the market. The land that is least conducive to agriculture is sandy soil. Referral fee to a homeowners insurance agent. The U.S. land area covers nearly 2.3 billion acres. B. Jim Sharp is purchasing his fathers home. 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. B. (d) 1.81019m1.8\times10^{-19}\;\mathrm{m}1.81019m 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. 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 What kind of loan do they have? C. Jim and Amanda whisper and frown when they see the basement. 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. As the demands of a business change over time, the relative importance of the factors of production will also change accordingly. A. Sustainable land use can help to reduce the impacts of agriculture and livestock, preventing soil degradation and erosion and the loss of valuable land to desertification.
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