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\text{T} & \text{48} & \text{46} & \text{51} & \text{57} & \text{62} & \text{68} & \text{71}\\ 59- Which of the following is a sellers request that an agent cannot honor? Practice Questions with no Answers for Preview, >Ch10-12 R.E. Factors of production is an economic term that describes the inputs used in the productionof goods or services to make an economic profit. The cash rent lease and the crop-share lease are the two most frequently used land leases in agriculture. B. Jim Sharp is purchasing his fathers home. 74- Which statement is not true about an agency relationship? However, as business continued to grow, Meta built its own office space and data centers. Deforestation can include clearing the land for farming or livestock, or using the timber for fuel . 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 Their first mortgage will get paid off immediately. The interest rate will increase gradually over time. 4. the point of beginning is associated with: 5. In a typical cash rent lease, the tenant is obligated to pay a set price per acre or a set rate for the leased land. Fannie Mae FDIC OCC FRB. Property Owner A has the right to develop his property into 10 lots. Why? The second mortgage has now become the primary loan. d. lots and blocks, 16. What is the median of these indications? Because of their low clay content, sandy soils are often referred to as "light soils.". Practice Questions with no Answers for Preview, >Practice Exam for R.E. Make no recommendations and let the sellers decide on their own. B) assumption of any liens or mortgages on the property. When he coded the minimum viable product himself, Zuckerbergs labor was the only factor of production. 65- Which of the following items is usually not prorated at closing? Land resources are the raw materials in the production process. California: Real Estate Practice Sample of Final Course Exam, Answers will be revealed with the correct subscription. 16- Dave and Nadine have decided that they want to become property investors. a. 5 acres turnover is sales div 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? 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? As a factor of production, capital refers to the purchase of goods made with money in production. The lender in case of the borrowers death, C. The lender against delinquent payments, D. The lender in case of the borrowers default. He just sold it for $13,000. 77- Which of the following Internet pages might not be of particular interest to buyers? C. The seller did not disclose the problem on a sellers disclosure form so Pam is off the hook. B. 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? What is Gregs capital gain on the apartment? Which of the following types of agriculture is correctly matched with the agricultural practice? 10- Which of the following prospecting techniques do you have to use carefully because it has tended to upset people in recent years? Who has the dominant tenement in this situation? Economic Order Quantity: What Does It Mean and Who Is It Important For? B. It amalgamates past approaches to economic theory, such as the concept of labor as a factor of production from socialism, into a single definition. 78- Nancy bought her home last year for $425,000. pheromone traps 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. Jim should not use this flier as a: 94- Sellers agent Pam was unaware of the fact that the heating system of a home she had listed was defective. When, is 0.100 M, the rate of disappearance of ethyl bromide is, 1.7107M/s1.7 \times 10 ^ { - 7 } \mathrm { M } / \mathrm { s } narrow-spectrum pesticide because it focuses on killing specific organisms. 4. A survey would reveal all of the following about a property EXCEPT: 10. 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. A. c. contribution A property owner on a river or creek is said to have which type of rights? A farm described as the SW 1/4 of the NW 1/4 of section 7 and the W 1/2 section 8 is how many acres? a. each check contain 16 townships who four boundaries each measure 6 miles At first, there was no need for land. a. government survey system 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. Prices have been increasing at the rate of 8% per year. Your property, which consists of a house and lot, is valued at $244,000. 27- Mr. and Mrs. Haley are purchasing beachfront property in an upscale development. The greater a firm's or country's TFP, the greater its growth. All the software and code that we write is open source and made available via GitHub under the permissive MIT license. For example, a tractor purchased for farming is capital. Similarly, the use of kiosks in self-serve restaurants can help firms cut back on their labor costs. b. recorded plat, street address, and metes and bounds 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. What is the median price of homes today? 93- Jim has created a nice property flier for the James home. Although investment in agricultural R&D continues to be one of the most productive investments, with rates of return between 30 and 75 percent, it has been neglected in most low income countries. 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. earnings equal sales minus the cost of sales What would we call Hannah? d. avulsion, 34. This term typically refers to. A. Brenda must follow all of Jims instructions. 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? B. Pleases the sellers by inv=creasing activity. a. erosion "IFR Presents World Robotics Report 2020. a. putting more land into production b. increasing the yield of land under cultivation. A. The size of agricultural property tax exemptions varies from state to state because property taxes aren't administered at the federal level. a. metes and bounds The adjusted cost basis of the first home was $140,000. Her property taxes would be assessed at: 79- Tom and Mary want to purchase their first home. C. If the selling agent does not deal directly with the seller, the selling agent is not required to provide the disclosure. 82- What is the minimum period of time over which the owner of an apartment building can depreciate the improvements? 31- Patrick has a written independent contractor agreement with his broker Tami. c. front footage Land improvement c. Land d. Expense; Answer B 42- Alice is planning her career and setting her goals. A basis of $148,000 and no taxable gain, B. indirectly, proportionatelydirectly, proportionatelyinversely, directlydirectly, inversely, A business arrangement in which two or more persons jointly own a business and share in its profits and losses is the definition of, limited partnershippartnershipgeneral partnershiptrust. a. Our articles and data visualizations rely on work from many different people and organizations. 22- Jane sold her personal home for $148,000. The median price of homes sold in your county nine months ago was $217,400. Housing and Community Development Act. They will owe a balloon payment at the end of the loan term. What did it sell for per acre? D. Amanda smiles at Jim when she sees the whirlpool tub. a. plottage The purchase price, plus improvements, C. The fair market value at the time of sale. This can result in a transformation of factors of production for entire industries. 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 . 1. 51- Which statement is true about a homeowners exemption? C. The same amount will go towards the principal every month. Her broker has asked her to be available for tasks in the field rather than in the office. d. an easement, a. the water rights reserved by a previous owner, 14. B. c. us government survey, PO box, and metes and bounds "The Industrial Robotics Industry in China: Demand and Domestic Innovation. B. Brenda has violated the fiduciary duty of obedience to Jim. A facade easement is a type of_______________ easement. Practice Questions with no Answers for Preview, >Ch16-18 R.E. has an increased likelihood of obesity, diabetes, and heart disease. A. Productivity measures the efficiency of production in economics. The right to construct and maintain tunnels, subways, subcellars, pipelines, sewers, etc. is the definition of _________ rights. Under the current qualification criteria, an applicant for Appraiser Trainee must have completed ___ creditable hours of experience. How Cash Books Work, With Examples, Cost of Debt: What It Means, With Formulas to Calculate It, Cost of Equity Definition, Formula, and Example, Cost-Volume-Profit (CVP) Analysis: What It Is and the Formula for Calculating It, Current Account: Definition and What Influences It, Days Payable Outstanding (DPO) Defined and How It's Calculated. The four components of the Appraiser Qualification Criteria are: qualifying education, examination, experience, continuing education. A. the estimated cost to -replace a property, a guarantee of the true worth of a property, the President of The Appraisal Foundation. 63- Jennys home appraised for $550,000. 99- All exclusive listing agreements must have, C. A list of personal property included in the sale. C. Identifies buyers for other properties. Labor refers to all wage-earning activities, such as the work of professionals, retail workers, and so on. 90- Marsha has been keeping track of the effectiveness of her advertising campaigns. 2240 acres habitiat fragmentation, none, these are all problems associated with industrial agriculture. 46- A life insurance company would most likely invest in all but which of the following properties? How many acres are there is the described property? d. depth, 25. 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? The most common lease in agriculture is a land lease. depletion of fossil fuels a. a radon level test B. 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. 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. The costs of conversion of inventory include all of the following, except a. 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. 61- Bill and Sue secured a mortgage loan that is tied to an index which fluctuates over the life of the loan. 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. 44- Jim owns a gift shop in a commercial building. 34- Sarah is an employee and Ken is an independent contractor at Kerns Realty. where c=h/mc\lambda_c=h / m cc=h/mc is the Compton wavelength of the electron and =ke2/c\alpha=k e^2 / \hbar c=ke2/c is the finestructure constant. What kind of loan do they have? For modern mainstream (neoclassical) economists, capital is the primary driver of value. C. Real Estate Settlement and Procedures Act. 6. a. redemption Jim and Jane financed the remaining $25,000 through the seller. Land: Includes undeveloped property, vacant land, and agricultural lands such as farms, orchards, ranches, and timberland. How many months inventory does this represent? c. 2 townships Which entity is responsible for monitoring state appraiser licensing and certification agencies? There are four factors of productionland, labor, capital, and entrepreneurship. Who will pay the points? Which of the following would NOT be considered a negative easement? c. lien Here are all the sales in your area in the last 4 months. Prices of properties currently on the market, C. Properties that were listed but did not sell. She has an access right of way across the property of her neighbor Bob Smith for ingress, egress, and regress. 33- Which statement is true about a loan that has a negative amortization? 4. B. yields at a global level following the pattern established over the past five decades will not be sufficient to meet food needs. Purchase price b. B. Ask the buyers to sign a real estate transfer disclosure statement. Except for labor, ownership for factors of production varies based on industry and economic system. As such, factors of production, such as land and capital, are owned and regulated by the community as a whole under socialism. You want to insure it for 80% of value. What Is a Sunk Costand the Sunk Cost Fallacy? D. I will distribute 200 business cards every month for the next six months. This is further explained below. d. annexation, 32. But, if yields and labor productivity do not increase it will have far-reaching consequences for global poverty, and protection of the environment. On the other hand, land is the most significant investment for a real estate venture. What Is Depreciation, and How Is It Calculated? Generally, Light, warm, dry, sandy soil that is acidic and deficient in nutrients is what you may expect to find in a typical climate. What does that mean? B. b. setback Production workers are paid for their time and effort in wages that depend on their skill and training. b. 86- Which of the following is not considered a benefit of investing in real estate? 9- Which California Fair Housing Law Prohibits discrimination based on sexual orientation of source of income? 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. As part of the overall requirement for continuing education, certified and licensed appraisers must complete the 7-Hour National USPAP Update Course or its equivalent ________ calendar year(s). 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. the appraisers value opinionthe borrowers estimate of valuethe square footage of the homenone of these. c. There are 36 sections in a township Generally, Light, warm, dry, sandy soil that is acidic and deficient in nutrients is what you may expect to find in a typical climate. c. eminent domain What kind of mortgage are they looking for? Some common land or natural resources are water, oil, copper, natural gas, coal, and forests. The voluntary giving of land for public use by an owner is: While not directly listed as a factor, technology plays a vital role in influencing production. b. 30.4 limited use of pesticides, Which of the following is not a problem associated with industrial agriculture? What is sandy soil? He pays rent for occupancy, plus maintenance and operating expenses. C. The date the lender receives her application. 6. B. D. The date Abby makes the request to receive the booklet. 48- The public report that a developer must provide when offering subdivided lands for sale is provided by which agency? The factors of production are an important economic concept outlining the elements needed to produce a good or service for sale. 85- Which paragraph of the purchase agreement states that the balance of the purchase price will be deposited into escrow prior to closing? 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. What kind of listing agreement does Alice have with Jack? 41- Agricultural land includes all of the following EXCEPT which? B. A. A column of townships running North and South is called a: ", Starbucks Coffee Corporation. 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. Gradual declines have occurred in cropland and pasture . 3400 acres 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. c. an encroaching elm tree C. It creates an agency relationship. 9. In the 1970s, who developed uniform rules for mortgage underwriting? Property rights are part of real property, not real estate, The ownership interest held by the lessor, which includes the right to receive the contract rent specified in the lease plus the reversionary right when the lease expires is the definition of. 14- Value includes which of the following aspects? Please consult our full legal disclaimer. c. reliction B. 1.7107M/s. C. They can make payments directly to the original lender. D. All adjustable rate mortgages have negative amortization. 19- Which of the following is not an advantage of hosting an open house? 57- Under federal income tax law, the basis for a personal residence is which of the following: A. d. 2.5, 28. A. c. the section lines must be clearly noted For a group of early French economists called the physiocrats, who predated the classical political economists, land was responsible for generating economic value. For example, an accountants job requires the analysis of financial data for a company. 52- Which statement is true about a listing contract? A. Generates leads for new listings. ROI is equal to turnover multiplied by earning as a percent of sales. Yarilet Perez is an experienced multimedia journalist and fact-checker with a Master of Science in Journalism. D. An exclusive listing must always be at least 30 days long. A. high income countries Which of the following statements is true? 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