b. conformity Secure documents that are public information from the courthouse and other sources available to the public. 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 lot measures 316.4 X 428.90. The federal financial institutions regulatory agencies directly involved in fair lending include all of the following EXCEPT. D. The UCC is a body of law that standardizes a number of business practices. A social entrepreneur is a person who pursues an innovative idea with the potential to solve a community problem. The land that is least conducive to agriculture is sandy soil. \text{T} & \text{48} & \text{46} & \text{51} & \text{57} & \text{62} & \text{68} & \text{71}\\ Which of the following best describes a plat? Calculate the de Broglie wavelength associated with a helium-4 atom (4.00 amu) moving at 3.0106m/s3.0\times10^6\;\mathrm{m/s}3.0106m/s. How Do Factor Endowments Impact a Country's Comparative Advantage? Ownership of the factors of production also differs based on the economic system. For example, private enterprises and individuals own most of the factors of production in capitalism. 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. ", Starbucks Coffee Corporation. 160 acres Get started for free! All of the following are similarities between undernutrition and overnutrition except, both involve lack of access to sufficient daily calories. C. Payments will not be enough to retire the loan. Why Are the Factors of Production Important to Economic Growth? What kind of agreement is this? Estimate its value. A. b. It can also refer to market, industry, and business fragmentation. 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. b. accretion Factors of production are the inputs needed for creating a good or service, and the factors of production include land, labor, entrepreneurship, and capital. In capitalism, the factors of production are most often controlled by business owners and investors. Today, capital and labor remain the two primary inputs for processes and profits. 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. b. setback You have found comparable sales of rural land parcels that indicate the following sale prices per acre: ($930, $775, $1202, $995, $1612, $906). You have found comparable sales of rural land parcels that indicate the following sale prices per acre: ($930, $775, $1202, $995, $1612, $906). 20.6 The S 1/2 of the NW 1/4 of the SW 1/4 of section 14 is how many acres. 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? 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? 87- What information can you gather from the newspaper to help develop a Prospecting Plan? Start in the room with the best features. d. 600 ft, 37. 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 . These include any resource needed for the creation of a good or service. What will the new owners pay in property taxes? 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. b. us government system B. Labor by an uneducated and untrained worker is typically paid at low prices. 69- According to ECOA, lenders cannot discriminate against potential borrowers on the basis of all but which of the following? 6. All of the following statements about sections as defined in the US government survey system are true EXCEPT: a. a section is 640 acres. 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. Agricultural productivity across Sub-Saharan Africa needs to improve to reduce hunger, poverty, and the destruction of biodiversity. (95, 93, 120, 94, 93, 129), A right or interest in property is a(n). A. Ken is responsible for his own taxes, while the broker pays Sarahs. D. The interest payment is always smaller then the amount allocated to the principal. The original loan becomes subordinate to the wraparound. B. 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. The loan will be distributed to them gradually. Depending on its type, an improvement may increase the value of real estate greatly. A Fannie Mae. 95- Who is liable for the withholding on the sale of a property owned by a foreigner? For people and planet, it's one of . 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. Which of these factors would result in a violation of USPAP if the appraiser based his or her appraisal fee on it? D. Their lender can profit from the difference in interest rates. A. Generates leads for new listings. D. The appraised value prior to sale 1.7107M/s. Which is a true statement? a) construct an influence diagram that relates these variables b. metes and bounds Decks in Basic Appraisal . Give credit to all potential borrowers. C. It creates an agency relationship. c. 8.4 C. Insurance agents dealing with customers. 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? B. What kind of a mortgage do they have? The selling agent must provide the disclosure to the seller as soon as practicable prior to presenting a purchase offer. When citing this topic page, please also cite the underlying data sources. The right of ingress and egress over the land of another person is call a: A Montana ranch is made up of Section 9, 10, 11 and North Half of Section 16. A. 2. The factors of production are land, labor, capital, and entrepreneurship. Land refers to physical land, such as the acres used for a farm or the city block on which a building is constructed. 1. 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? b. This term typically refers to. The state of technological progress can influence the total factors of production and account for any efficiencies not related to the four typical factors. B. 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. 64- Which of the following is not a form of personal advertising? 44- Jim owns a gift shop in a commercial building. Take the potential energy for the system with the brick placed at infinity to be zero. What is sandy soil? Information on current loan programs. A. The permanent receding of water increases the land owner's property by: crop rotation In some cases, all you need is a piece of land that's not currently being used. d. a percolation test, 29. 39- When doing a competitive market analysis, an agent looks at all but which of the following factors? D. All adjustable rate mortgages have negative amortization. Increasingly, technology is responsible for the difference in efficiency among firms. 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. c. contribution The broker will not provide any. 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 main cause of undernutrition and food insecurity globally is lack of available food. An example of entrepreneurship is the evolution of the social media behemoth Meta (META), formerly Facebook. 6- According to California real estate law, how often must a broker balance his or her trust accounts? John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, David N. Shier, Jackie L. Butler, Ricki Lewis, Nursing Fundamentals- Medication Administrati. c. meridian 65- Which of the following items is usually not prorated at closing? 34- Sarah is an employee and Ken is an independent contractor at Kerns Realty. 88- Sally and Dan must pay 2 points on their new $65,000 loan. A. In socialist systems, the government (or community) often exerts greater control over the factors of production. 98- Grant moves into his new office space while he awaits the completion of the negotiations of the lease terms. (95, 93, 120, 94, 93, 129). What kind of closing technique is Jim using? Explain the meaning of abov Fragmentation is the use of various suppliers and manufacturers to produce a good. D) grading, filling, draining, and clearing costs. 4 rods Prices of properties currently on the market, C. Properties that were listed but did not sell. 34- Sarah is an employee and Ken is an independent contractor at Kerns Realty. B. Pam is not liable since it was summer and the heating problem was not obvious. What Is Depreciation, and How Is It Calculated? The borrower makes payments of interest only over the term of the loan. 62- When agent Hal shows a home he should never: A. c. check b. an environmental impact statement 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. Which is NOT a requirement of a valid deed? Tell the sellers exactly how she feels and why she thinks the offer is not a good one. 42- Alice is planning her career and setting her goals. 82- What is the minimum period of time over which the owner of an apartment building can depreciate the improvements? A personal vehicle used to transport family is not considered a capital good, but a commercial vehicle used expressly for official purposes is. Deposit the check into his trust fund account on the next business day. At first, there was no need for land. Which of the following statements is TRUE about metes and bounds? However, as business continued to grow, Meta built its own office space and data centers. C. If the selling agent does not deal directly with the seller, the selling agent is not required to provide the disclosure. However, collective good is the predominating principle in socialism. 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. Availability of multiple listing service, C. Broker-paid advertising and promotion, D. Assistance with filling out disclosures. Which of the following types of investments has historically generated the highest return on investment? Generally, Light, warm, dry, sandy soil that is acidic and deficient in nutrients is what you may expect to find in a typical climate. Purchase of equipment. Special purpose: Property used by the public, such as cemeteries,. As such, factors of production, such as land and capital, are owned and regulated by the community as a whole under socialism. How much did Sam gain or lose on the sale? 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. It sold for $80,000. 21- Which form of advertising is considered the most cost-effective method for selling a home? A property is owned as tenancy in severalty. 19- Which of the following is not an advantage of hosting an open house? a. The cash rent lease and the crop-share lease are the two most frequently used land leases in agriculture. Use these expressions to check the numerical values of the constants a0a_0a0 and E1E_1E1. 59- Which of the following is a sellers request that an agent cannot honor? Make no recommendations and let the sellers decide on their own. For income tax purposes, the IRS would probably classify Patrick as: 32- Broker Alice has a listing agreement with Jack. d. it is used to describe lots in a subdivision, b. the description is imperfect if it does not end at the point of beginning, 24. They are commonly broken down into four elements: land, labor, capital, and entrepreneurship. 5 acres C. Have keys made for company listings. b. recorded plat, street address, and metes and bounds Which of the following would be the least likely place for them to obtain a loan? b. range a. b. setback What is the mean of the GRMs? Which of the following methods of legal land description would most likely be used to describe agricultural lands? 3400 acres Which entity is responsible for making periodic changes to USPAP? C. Analyzing the income potential of the property. What kind of lease does Jim have? A. What kind of mortgage are they looking for? C. Recommend a counteroffer back to list price. Production, such as manufacturing, can be tracked by certain indexes, including the ISM manufacturing index. The rate at which vacant space in a property or a group of properties for sale or lease has been or is expected to be successfully sold or leased over a specified period of time is the definition of a(n) __________ rate. Why? disease-resistant crop varieties B. f(z)=z3z2+2z+2f(z)=\frac{z-3}{z^{2}+2 z+2}f(z)=z2+2z+2z3. You want to insure it for 80% of value. C. Broker Harry deposits $1000 into his brokerage business account. Give the prospects a black copy of a purchase agreement to look over. e statement and outline the possible factors that could determine the contextual Variations in the manifestation of entrepreneurship. Which of the following statements is true? Those who control the factors of production often enjoy the greatest wealth in a society. Property Owner A has the right to develop his property into 10 lots. Broker Alice holds an uncashed check until the offer is accepted. Brenda refuses. Again, it can take on various forms. 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. C. The date the lender receives her application. B. How would Grants lease at this time be classified? yields at a global level following the pattern established over the past five decades will not be sufficient to meet food needs. d. lots and blocks, 16. Except for labor, ownership for factors of production varies based on industry and economic system. 104- Lorna and Hal have obtained a growing equity mortgage for their new home. 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. c. lot, block and subdivision c. highest and best use For example, a tractor purchased for farming is capital. 96- Which statement is not true about a listing contract? Buyer Amanda asks if she can measure the windows to see if her current drapes will fit. 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? The borrower makes payments of interest only over the term of the loan. Sharon and Steve have just taken a second mortgage on their home. Skilled and trained workers are called human capital and are paid higher wages because they bring more than their physical capacity to the task. Some common land or natural resources are water, oil, copper, natural gas, coal, and forests. A business engaged in agriculture or farming as defined in MGL. Her asking price was $560,000 and the property sold for $575,000. 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. a. putting more land into production b. increasing the yield of land under cultivation. b. a parcel of land is 1/8 mile by 1/8 mile is 40 acres. 7. soil erosion The proportion of the land base in agricultural uses has declined from 63 percent in 1949 to 51 percent in 2007. During an economic contraction or when they suffer losses, companies cut back on capital expenditure to ensure profits. Meanwhile, a company that makes its money from building and renting out office space might see land and capital as its most valuable factors. D. Avoid negative comments while hes inside the home. 14- Value includes which of the following aspects? Because of their low clay content, sandy soils are often referred to as " light soils." Real Estate includes all of the following except: Property rights. When appraising an income producing property, you have the following GRMs indicated from comparable sales (122, 159, 132, 126, 122, 173, 152, 126). D. Brenda has not violated any fiduciary duty. B. A. The length of the front of a lot on the street is referred to as the lot's: Give a discount to families with children. 63- Jennys home appraised for $550,000. Deforestation is the permanent removal of trees to make room for something besides forest. By increasing crop yields we can reduce the amount of land we use for agriculture. C. Exclusive-authorization-and-right-to-sell. The Uniform Commercial Code covers the sale of goods over $________. 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? You can learn more about the standards we follow in producing accurate, unbiased content in our, The Evolution of Accounting and Accounting Terminology. 100- What does the Real Estate Disclosure Law refer to? 9. Which winds steer hurricanes that form in the Atlantic Ocean toward Florida? b. the description is imperfect if it does not end at the point of beginning b. littoral Find and create gamified quizzes, lessons, presentations, and flashcards for students, employees, and everyone else. Other grazing lands include woodlands, native pastures, and croplands producing forages. a. 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? Your property, which consists of a house and lot, is valued at $244,000. Two months later she purchased and moved into a new home that cost $145,000. You have permission to use, distribute, and reproduce these in any medium, provided the source and authors are credited. A. Practice Questions with no Answers for Preview, >Practice Exam for R.E. A. But, if yields and labor productivity do not increase it will have far-reaching consequences for global poverty, and protection of the environment. How many acres are there is the described property? B. I will do two practice listing presentations per week with an experienced agent for the next two months. Integrated pest management incorporates all of the following methods except . d. a showing of the property's boundaries to scale, a. an identification of the grantor and grantee, 27. B. Which of the following would be considered an intermediate goal? $5,600 every year, with no increase, C. $5,750 the first year, plus a maximum 2% increase in market value per year, D. $5,750, plus a maximum 1% increase in market value per year. B. Pastureland. 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. The most common lease in agriculture is a land lease. Rangelands include natural grassland, savannas, many wetlands, some deserts, tundra, and certain forb and shrub communities. 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 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. B. 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. 78- Nancy bought her home last year for $425,000. 5. What do you call the process by which a land owner loses land by a sudden or violent act of nature? Absolute advantage allows an entity to produce a greater quantity of the same good or service with the same constraints than another entity. a. d. 1/2 mile, 22. The principle of supply and demand states that the price of a commodity, good, or service varies __________, but not necessarily _____________, with demand. C. I will open my own office within nine years. Our World in Data is free and accessible for everyone. b. 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. She has worked in multiple cities covering breaking news, politics, education, and more. How many acres is that? 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? 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 (a) 2.01020m2.0\times10^{-20}\;\mathrm{m}2.01020m The greater a firm's or country's TFP, the greater its growth. 1. On this page you can find all our data, visualizations and writing relating to crop yields. B. The median price of homes sold in your county nine months ago was $217,400. A. Mike has changed jobs six times in the past six months. The website with the largest amount of demographics information is, What is the median of the following set of gross rent multipliers? The simplot house, Brentwood Subdivision, Sun Rose township, Great Falls MT 59405 How many acres is that? 5. While not directly listed as a factor, technology plays a vital role in influencing production. A. During this interim period, grant makes monthly rent payments and the owner accepts them. A property owner on a river or creek is said to have which type of rights? 15- Karen and Al obtained a 30-year fixed-rate, fully amortized loan when they purchased their home. Her property taxes would be assessed at: 79- Tom and Mary want to purchase their first home. To that end, technologylike moneyis a facilitator of the factors of production. C. Consider child support payments in the decision. 84- Four years ago, Sam purchased a vacant lot for $10,000. d. recorded plat, us government survey and metes and bounds, d. recorded plat, us government survey and metes and bounds, 18. 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 D. The monthly payments increase overtime. Entrepreneurship is the secret sauce that combines all the other factors of production into a product or service for the consumer market. Along the same lines, desks and chairs used in an office are also capital. Land resources are the raw materials in the production process. Which form of legal land description uses measures of definite distances in indicated directions? 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. 300 ft 25- According to the law governing mortgage loan brokers, what is the maximum commission Broker Claire can charge for securing a $50,000 first mortgage for a period of 2 years? The factors of production are an important economic concept outlining the elements needed to produce a good or service for sale. 31- Patrick has a written independent contractor agreement with his broker Tami. He says to them, Would you prefer to take possession on September 1 or October 1? What kind of closing technique is Harry using? You want to buy a house for $243,500. D. Do not show the home between 10 a.m. and noon on Sundays. resistant to viral diseases, drought, heat, or herbicides. A. Which is the fullest and most complete type of estate? 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. D. Exclusive-authorization-and-right-to-sell agreement. The US government survey uses all of the following EXCEPT: a. riparian 74- Which statement is not true about an agency relationship? [2] [3] It is generally synonymous with both farmland or cropland, as well as pasture or rangeland . In the 1970s, who developed uniform rules for mortgage underwriting? Which of the following types of agriculture is correctly matched with the agricultural practice? Federal Reserve Bank of San Francisco. A column of townships running North and South is called a: 22- Jane sold her personal home for $148,000. 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. B. 53- Greg sold an apartment building he owned for 20 years. The Haleys want to get a mortgage that will cover the purchase price plus all the furnishings. 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. 48- The public report that a developer must provide when offering subdivided lands for sale is provided by which agency? Goodwill is an intangible asset that results from the reputation of the business. The home comes equipped with all furnishings. Referral fee to a homeowners insurance agent.