Generally, Light, warm, dry, sandy soil that is acidic and deficient in nutrients is what you may expect to find in a typical climate. Special assessment for drainage system c. Private driveway and parking lot d. Assumption of any lien on the property; Answer C. Fence and parking lot are reported as a. Which form of legal land description describes a parcel by enclosing it? As a factor of production, capital refers to the purchase of goods made with money in production. 93- Jim has created a nice property flier for the James home. 64- Which of the following is not a form of personal advertising? 78- Nancy bought her home last year for $425,000. 67- Hannah is a real estate assistant. Crop yields might seem far from being one of the world's largest problems. 4024 pine street, Missoula, missoula country mt 59801 C. If the selling agent does not deal directly with the seller, the selling agent is not required to provide the disclosure. b. The Solow residual, also known as "total factor productivity (TFP)," measures the residual output that remains unaccounted for from the four factors of production and typically increases when technological processes or equipment are applied to production. c. lot, block, and subdivision Along the same lines, desks and chairs used in an office are also capital. 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. 3400 acres The adjusted cost basis of the first home was $140,000. Lots and blocks are appox. c. lot, block and subdivision The lender must furnish a copy of the CFPB booklet to Abby no later than the third business day from which date? 85- Which paragraph of the purchase agreement states that the balance of the purchase price will be deposited into escrow prior to closing? a. erosion b. The factors of production are an important economic concept outlining the elements needed to produce a good or service for sale. a. riparian b. to protect against encroachments The purchase price, plus improvements d. depth, 25. What kind of mortgage are they looking for? In the 1970s, who developed uniform rules for mortgage underwriting? The size of agricultural property tax exemptions varies from state to state because property taxes aren't administered at the federal level. Depending on the specific circumstances, one or more factors of production might be more important than the others. a. seller What should Tom do? B. d. lot, block, and subdivision, 21. the NW 1/4 of the NW 1/4 of the SW 1/4 of Section 12 is: 2. Proceeds from issuance of stock. These claims are overblown, but soil erosion is a problem and we can do something about it. Ownership of the factors of production also differs based on the economic system. 34- Sarah is an employee and Ken is an independent contractor at Kerns Realty. How much did Sam gain or lose on the sale? b. buyer Which countries are overapplying nitrogen without gains in crop yields? He sold the building for $1,000,000 and paid $60,000 in commission to the broker. B. The permanent receding of water increases the land owner's property by: 10- Which of the following prospecting techniques do you have to use carefully because it has tended to upset people in recent years? Erosion Then the prey population rebounds larger than before since predators are gone Studying population trends in the area. Other grazing lands include woodlands, native pastures, and croplands producing forages. a. quadrant 5 acres 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. The cost of land typically includes all, except a. Grading, filling, draining and cleaning cost b. USDA ERS - Data Feature: How Is Land Used c. 2 townships 36- Broker Eric secures a loan for buyer Paul. B. Pastureland. c. the section lines must be clearly noted strategies used to increase the supply of food for a country could include. Within the software industry, labor refers to the work done by project managers and developers in building the final product. Derive an expression for the gravitational potential energy of a system consisting of Earth and a brick of mass m placed at Earths center. 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. C. Jim and Amanda whisper and frown when they see the basement. Similarly, the use of kiosks in self-serve restaurants can help firms cut back on their labor costs. 6. 102- What is the minimum period of time over which the owner of a commercial building can depreciate the improvements? Indicate whether each item is dis Because entrepreneurs are vital for economic growth, countries are creating the necessary framework and policies to make it easier for them to start companies. narrow-spectrum pesticide because it focuses on killing specific organisms. a. Which of the following is not one of those groups? Which of the following would be the least likely place for them to obtain a loan? C. The loan term will extend gradually over time. 31- Patrick has a written independent contractor agreement with his broker Tami. It can be considered an employment contract. Fragmentation is the use of various suppliers and manufacturers to produce a good. PRACTICE QUESTIONS), >Ch1-3 R.E. The most common lease in agriculture is a land lease. a. plottage Information on current loan programs. You want to buy a house for $243,500. How would Grants lease at this time be classified? 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? 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. Production workers are paid for their time and effort in wages that depend on their skill and training. Give a discount to families with children. unit v Flashcards | Quizlet 6- According to California real estate law, how often must a broker balance his or her trust accounts? He paid $100,000 for it, and made $300,000 worth of improvements. a. metes and bounds What kind of agreement is this? b. Accounts payable (decrease). b. the boundaries of the property crop rotation 99- All exclusive listing agreements must have, C. A list of personal property included in the sale. For people and planet, its one of our most important problems to work on. A. d. mete, 23. c. lien Ask the buyers to sign a real estate transfer disclosure statement. 45- Kirk wants to get an FHA loan. An illustration of the above is the difference in markets for robots in China compared to the United States after the 2008 financial crisis. A. I will complete the GRI certification in the next four years. A Fannie Mae. A basis of $148,000 and no taxable gain, B. b. a parcel of land is 1/8 mile by 1/8 mile is 40 acres. ", Association for Advancing Automation. Skilled and trained workers are called human capital and are paid higher wages because they bring more than their physical capacity to the task. The interest rate will increase gradually over time. A. You want to insure it for 80% of value and the annual insurance premium will cost $5.75 per thousand. a. government survey system The voluntary giving of land for public use by an owner is: Inventory (increase). U.S. land area covers nearly 2.3 billion acres. 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. D. Brenda has not violated any fiduciary duty. D. Have the prospects sign the disclosure about agency relationship. 77- Which of the following Internet pages might not be of particular interest to buyers? For modern mainstream (neoclassical) economists, capital is the primary driver of value. What Is a Sunk Costand the Sunk Cost Fallacy? Two months later she purchased and moved into a new home that cost $145,000. Factors of production is an economic term that describes the inputs used in the productionof goods or services to make an economic profit. Start in the room with the best features. D. Amanda smiles at Jim when she sees the whirlpool tub. Understanding the kind of responses your advertising generates, D. Being able to anticipate the callers requirements. d. avulsion, 34. A(n) __________ contract is one that is not been fully performed or completed. Our articles and data visualizations rely on work from many different people and organizations. But that is a theoretical construct and rarely the case in practice. Economic Order Quantity: What Does It Mean and Who Is It Important For? Integrated pest management incorporates all of the following methods except The retail coffee chain needs land (prime real estate in big cities for its coffee chain), capital (large machinery to produce and dispense coffee), and labor (employees at its retail outposts for service). B. D. Broker Gina puts $150 into her trust account. d. benchmark, 30. 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. 2240 acres a. The loan will be distributed to them gradually. 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. Why might a lender require a survey before making a loan? Our World In Data is a project of the Global Change Data Lab, a registered charity in England and Wales (Charity Number 1186433). Availability of multiple listing service, C. Broker-paid advertising and promotion, D. Assistance with filling out disclosures. 86- Which of the following is not considered a benefit of investing in real estate? B. In capitalism, the factors of production are most often controlled by business owners and investors. B. (b) 3.31011m3.3\times10^{-11}\;\mathrm{m}3.31011m 8. When he coded the minimum viable product himself, Zuckerbergs labor was the only factor of production. 52- Which statement is true about a listing contract? turnover is sales div The Haleys want to get a mortgage that will cover the purchase price plus all the furnishings. 3. a plat map is used in which type of legal description? For example, the use of robots in manufacturing has the potential to improve productivity and output. Labor refers to all wage-earning activities, such as the work of professionals, retail workers, and so on. 105- Agent Alice has received an offer that she believes is not in the sellers best interest. earnings equal sales minus the cost of sales B. 57- Under federal income tax law, the basis for a personal residence is which of the following: It amalgamates past approaches to economic theory, such as the concept of labor as a factor of production from socialism, into a single definition. It would be misleading if the appraiser did not disclose the existence of this structure in the report. B. Who has the dominant tenement in this situation? The original loan becomes subordinate to the wraparound. How much will you have to deliver to closing to cover both the down payment and the loan points? 48- The public report that a developer must provide when offering subdivided lands for sale is provided by which agency? How much is your property worth today? The Census of Agriculture is a complete count of U.S. farms and ranches and the people who operate them. Which is a true statement? During the time Sam owned the property he paid $350 per year in taxes, $150 per year on maintenance like grass cutting and $90 per year on miscellaneous expenses. Her broker has asked her to be available for tasks in the field rather than in the office. Under the current qualification criteria, an applicant for Appraiser Trainee must have completed ___ creditable hours of experience. Labors transaction with firms is based on wages. d. encroachment, 13. Organisms at higher levels on food webs tend to have greater concentrations of bioaccumulated pesticide stored in their bodies through a process known as. 70- Which of these items would be a credit to the buyer on the settlement statement? She has an access right of way across the property of her neighbor Bob Smith for ingress, egress, and regress. b. a parcel of land is 1/8 mile by 1/8 mile is 40 acres. Which statement is true? 14 Agriculture and Food Resources Ch. 14 Flashcards | Quizlet 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. Which of the following statements is true? C. Payments will not be enough to retire the loan. Land and legal Descriptions Flashcards | Quizlet What should Alice do? During an economic contraction or when they suffer losses, companies cut back on capital expenditure to ensure profits. Which winds steer hurricanes that form in the Atlantic Ocean toward Florida? D. Do not show the home between 10 a.m. and noon on Sundays. Rangelands include natural grassland, savannas, many wetlands, some deserts, tundra, and certain forb and shrub communities. Deforestation: Facts, causes & effects | Live Science How many acres is that? What is the median price of homes today? b. littoral The cost of land typically includes the purchase price and all of the following costs except A) private driveways and parking lots. Business Accounting 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. B. Pleases the sellers by inv=creasing activity. What is the purpose of a states statute of frauds? Earthquake and volcanic action A longer mortgage loan term will: Result in lower monthly mortgage payments You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. a. recorded plat, us government survey, and street address. A. I will complete the GRI certification in the next four years. D. An exclusive listing must always be at least 30 days long. Which of these statements is true about the wraparound mortgage? He says to them, Would you prefer to take possession on September 1 or October 1? What kind of closing technique is Harry using? The length of the front of a lot on the street is referred to as the lot's: 98- Grant moves into his new office space while he awaits the completion of the negotiations of the lease terms. Get started for free! The ___ has oversight authority over state appraisal boards: Which is not true concerning the highest and best use of land as though vacant? A. A. C. The same amount will go towards the principal every month. d. an easement, a. the water rights reserved by a previous owner, 14. 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. D. All adjustable rate mortgages have negative amortization. b. conformity Chapter 4 PAS 2 Inventories docx - CALAMBA CAMPUS, BRGY - StuDocu 435,600 square feet Understanding Agricultural Tax Exemptions - SmartAsset 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. b. us government system Factors of production are the inputs needed for creating a good or service, and the factors of production include land, labor, entrepreneurship, and capital. ", Starbucks Coffee Corporation. What did it sell for per acre? How Do Factor Endowments Impact a Country's Comparative Advantage? A social entrepreneur is a person who pursues an innovative idea with the potential to solve a community problem. c. to protect against liens The cash rent lease and the crop-share lease are the two most frequently used land leases in agriculture. The land that is least conducive to agriculture is sandy soil. 55- Greg is approved for a Cal-Vet loan. Electronic Data Interchange for transmitting appraisal reports became popular in the (date). c. meridian Your property, which consists of a house and lot, is valued at $244,000. Under no circumstances, however, is labor owned by firms. 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). A. At first, there was no need for land. In some cases, all you need is a piece of land that's not currently being used. This topic page can be cited as: All visualizations, data, and code produced by Our World in Data are completely open access under the Creative Commons BY license. The purchase price, plus depreciation Lot Building area in Fiumicino (Roma) | Gobid.es AP HUG Agriculture 2018 questions & answers for quizzes and tests - Quizizz Course Review Quiz Flashcards by Taylor Shimp | Brainscape , ided by total investment.. total investment is current assets (inventories, accounts receivables and cash) plus fixed assets. d. accretion, 36. a triangular lot with a base of 300 ft on the street contain 10,000 sq yards What is the depth of the lot? 92- Which of the following situations is not exempt from the seller disclosure requirement? (95, 93, 120, 94, 93, 129). At the end of the term, the loan balance will be negative. The continued popularity of the product meant that Zuckerberg also had to scale technology and operations. D. Seeking buyers for others agents listings. What Are the Most Important Aspects of a Capitalist System? 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?
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