When comparing printers, make sure to compare the cost per. c. 200 acres Depending on its type, an improvement may increase the value of real estate greatly. For modern mainstream (neoclassical) economists, capital is the primary driver of value. C. The fair market value at the time of sale 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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For purposes of federal income tax, which statement is true? 45- Kirk wants to get an FHA loan. The right to construct and maintain tunnels, subways, subcellars, pipelines, sewers, etc. is the definition of _________ rights. b. recorded plat, street address, and metes and bounds The ___ has oversight authority over state appraisal boards: Which is not true concerning the highest and best use of land as though vacant? 41- Agricultural land includes all of the following EXCEPT which? Today, capital and labor remain the two primary inputs for processes and profits. Practice Questions with no Answers for Preview, >Practice Exam for R.E. Buyer Amanda asks if she can measure the windows to see if her current drapes will fit. How Do Factor Endowments Impact a Country's Comparative Advantage? A. A. b. dedication 10- Which of the following prospecting techniques do you have to use carefully because it has tended to upset people in recent years? b. setback Some common land or natural resources are water, oil, copper, natural gas, coal, and forests. Lots and blocks are appox. For example, the use of robots in manufacturing has the potential to improve productivity and output. The Uniform Commercial Code covers the sale of goods over $________. But, if yields and labor productivity do not increase it will have far-reaching consequences for global poverty, and protection of the environment. Buyer Jim asks if he can visit the property for a second time. 103- Kirk and Sandy obtained a wraparound mortgage. 69- According to ECOA, lenders cannot discriminate against potential borrowers on the basis of all but which of the following? - bioaccumulation of pesticides in animal tissue can lead to extinction of species He raised venture capital money to rent office space, hire more employees, and purchase additional server space for development. D. Seeking buyers for others agents listings. 3. Entrepreneur Howard Schultz, the companys founder, provided the fourth factor of production by being the first person to realize that a market for such a chain existed and figuring out the connections among the other three factors of production. A potential benefit of genetic engineering is the development of crop plants. Improvements in crop yields have been essential to feed a growing population, while reducing the environmental impact of food production at the same time. (95, 93, 120, 94, 93, 129). B. Land includes any natural resource used to produce goods and services; anything that comes from the land. Organisms at higher levels on food webs tend to have greater concentrations of bioaccumulated pesticide stored in their bodies through a process known as. Which of the following statements is true? Which statement is TRUE regarding this situation? 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. 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? How to Calculate with Formula, Average Collection Period Formula, How It Works, Example, Bill of Lading: Meaning, Types, Example, and Purpose, What Is a Cash Book? Brainscape helps you realize your greatest personal and professional ambitions through strong habits and hyper-efficient studying. The four agents of production are land, ________, capital, and _____________. 1. For income tax purposes, the IRS would probably classify Patrick as: 32- Broker Alice has a listing agreement with Jack. Increasing agricultural productivity across Sub-Saharan Africa is one of the most important problems this century, Area of land needed to meet global vegetable oil demand, Area of land needed to produce one tonne of vegetable oil, Cereal yields vs. tractor inputs in agriculture, Change in calorie production as a result of climate change impacts on crop yields, Change in cereal production, yield and land use. The purchase price, plus improvements 300 ft Is equal for each year over the life of the property, C. Is high during the first five years of the ownership period, then reduces gradually over the life of the property, D. Varies according to the expired life of the improvements made to the property. (a) 2.01020m2.0\times10^{-20}\;\mathrm{m}2.01020m It can also refer to market, industry, and business fragmentation. Use these expressions to check the numerical values of the constants a0a_0a0 and E1E_1E1. In zoning, the distance from the street to the front of a house is called: You apply for a mortgage. A column of townships running North and South is called a: Your property, which consists of a house on a lot, is valued at $186,000. In the 1970s, who developed uniform rules for mortgage underwriting? 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. His depreciation was $2,500 per year. Meanwhile, a company that makes its money from building and renting out office space might see land and capital as its most valuable factors. (c) 3.31014m3.3\times10^{-14}\;\mathrm{m}3.31014m B. Practice Questions with no Answers for Preview, >Ch10-12 R.E. What Is Depreciation, and How Is It Calculated? (d) 1.81019m1.8\times10^{-19}\;\mathrm{m}1.81019m c. lien b. to protect against encroachments Economic Order Quantity: What Does It Mean and Who Is It Important For? 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. You have the permission to use, distribute, and reproduce these in any medium, provided the source and authors are credited. t46810121416T48465157626871\begin{matrix} When, is 0.100 M, the rate of disappearance of ethyl bromide is, 1.7107M/s1.7 \times 10 ^ { - 7 } \mathrm { M } / \mathrm { s } Tell the sellers exactly how she feels and why she thinks the offer is not a good one. A lot measures 178 feet by 464 feet. You have permission to use, distribute, and reproduce these in any medium, provided the source and authors are credited. There are two main uses of agricultural land: arable farming (which is land dedicated to growing crops), and pastureland (which includes meadows and pastures used for livestock rearing). What is the median sale price? Business Accounting 1. What is the purpose of a states statute of frauds? 67- Hannah is a real estate assistant. Land improvement c. Land d. Expense; Answer B Which of the following would NOT be considered a negative easement? Instead, it facilitates the processes used in production by enabling entrepreneurs and company owners to purchase capital goods or land or to pay wages. Information on current loan programs. D. Brenda has not violated any fiduciary duty. Broker John puts $500 into his trust account. 100 ft c. the section lines must be clearly noted \text{T} & \text{48} & \text{46} & \text{51} & \text{57} & \text{62} & \text{68} & \text{71}\\ Factors of production is an economic term that describes the inputs used in the productionof goods or services to make an economic profit. 16- Dave and Nadine have decided that they want to become property investors. You have found comparable sales of rural land parcels that indicate the following sale prices per acre: ($930, $775, $1202, $995, $1612, $906). 52- Which statement is true about a listing contract? 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. Which countries are overapplying nitrogen without gains in crop yields? A(n) __________ contract is one that is not been fully performed or completed. Entrepreneurship is the secret sauce that combines all the other factors of production into a product or service for the consumer market. Help us do this work by making a donation. a. survey a. a radon level test Get started for free! 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. A Fannie Mae. 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 C2H5Br(alc)+OH(alc)C2H5OH(I)+Br(alc), is first order each in ethyl bromide and hydroxide ion. Thomas J. Brock is a CFA and CPA with more than 20 years of experience in various areas including investing, insurance portfolio management, finance and accounting, personal investment and financial planning advice, and development of educational materials about life insurance and annuities. 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. Broker Alice holds an uncashed check until the offer is accepted. 3- A property manager can refuse to rent to applicant Mike for any of the following reasons except which? He just sold it for $13,000. 59- Which of the following is a sellers request that an agent cannot honor? B. Which statement is true? B. The principle of supply and demand states that the price of a commodity, good, or service varies __________, but not necessarily _____________, with demand. c. accretion U.S. land area covers nearly 2.3 billion acres. c. 400 ft 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. The purchase price, plus depreciation, B. 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. Increasingly, technology is responsible for the difference in efficiency among firms. materials, buildingslabor, entrepreneurial coordinationbuildings, labormaterials, entrepreneurship. d. 600 ft, 37. 100 acres An example of entrepreneurship is the evolution of the social media behemoth Meta (META), formerly Facebook. Which law extended discrimination to include handicap and familial status? B. Fannie Mae FDIC OCC FRB. She has worked in multiple cities covering breaking news, politics, education, and more. Investopedia requires writers to use primary sources to support their work. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. C) street lights, sewers, and drainage systems cost. It amalgamates past approaches to economic theory, such as the concept of labor as a factor of production from socialism, into a single definition. 18- In a transaction that involves the purchase of a business, what document functions in the same way as the deed in a personal real estate transaction? Image by Sabrina Jiang Investopedia2020, Absorption Costing Explained, With Pros and Cons and Example, What Is an Amortization Schedule? They are commonly broken down into four elements: land, labor, capital, and entrepreneurship. 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? 28- Abby applies for a federally-related loan to purchase a home. Which of the following would be the least likely place for them to obtain a loan? The lender must furnish a copy of the CFPB booklet to Abby no later than the third business day from which date? B. Jim Sharp is purchasing his fathers home. There are four factors of productionland, labor, capital, and entrepreneurship. John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, David N. Shier, Jackie L. Butler, Ricki Lewis, Nursing Fundamentals- Medication Administrati. They have $20,000 for a down payment and assumed the sellers mortgage of $75,000. B. c. it is a document used to record the subdivision of land, 11. 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. 31- Patrick has a written independent contractor agreement with his broker Tami. Which winds steer hurricanes that form in the Atlantic Ocean toward Florida? Derive an expression for the gravitational potential energy of a system consisting of Earth and a brick of mass m placed at Earths center. C. Find a lender who is willing to do FHA loans. A. B. Pam is not liable since it was summer and the heating problem was not obvious. B. B. c. to protect against liens This is an example of. 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. 47- Which of the following duties is not a permitted activity for an unlicensed personal assistant? Here are all the sales in your area in the last 4 months. b. , ided by total investment.. total investment is current assets (inventories, accounts receivables and cash) plus fixed assets. Ownership of the factors of production also differs based on the economic system. 4 rods The federal financial institutions regulatory agencies directly involved in fair lending include all of the following EXCEPT, The primary purpose of USPAP is to protect. The greater a firm's or country's TFP, the greater its growth. Accounts payable (decrease). A social entrepreneur is a person who pursues an innovative idea with the potential to solve a community problem. $5,500 the first year, plus a maximum 2% increase in market value per year, B. D. Avoid negative comments while hes inside the home. 4024 pine street, Missoula, missoula country mt 59801 53- Greg sold an apartment building he owned for 20 years. C. Use an attractive first-class stamp. 6. D. Write advertisements and promotional materials with the approval of the licensee and supervising broker. 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. On this page you can find all our data, visualizations and writing relating to crop yields. e statement and outline the possible factors that could determine the contextual Variations in the manifestation of entrepreneurship. The three methods used to legally describe land are: b. littoral A. A. Which of the following uses of pesticide can lead to ecological imbalance? 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. Depreciation. An illustration of the above is the difference in markets for robots in China compared to the United States after the 2008 financial crisis. The simplot house, Brentwood Subdivision, Sun Rose township, Great Falls MT 59405 A Montana ranch is made up of Section 9, 10, 11 and North Half of Section 16. 106- If broker Tim advertises a property for sale that he doesnt intend to sell so that he can attract potential buyers, Tim is practicing: >Example Final Exam for R.E. California: Real Estate Practice Sample of Final Course Exam, Answers will be revealed with the correct subscription. a. erosion C. Insurance agents dealing with customers. Indicate whether each item is dis 70- Which of these items would be a credit to the buyer on the settlement statement? 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. Agricultural land includes all of the following EXCEPT which? However, during periods of economic expansion, they invest in new machinery and equipment to bring new products to market. When appraising an income producing property, you have the following GRMs indicated from comparable sales (122, 159, 132, 126, 122, 173, 152, 126). B. Generally, Light, warm, dry, sandy soil that is acidic and deficient in nutrients is what you may expect to find in a typical climate. Which is a true statement? 38- When using the straight-line method of depreciation, each year of economic age is given a rate that, A. Varies each year according to a table provided by the IRS, B. Within the software industry, labor refers to the work done by project managers and developers in building the final product. Each of these requires significant real estate and capital investments. 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 Jim and Jane financed the remaining $25,000 through the seller. The majority of GM crops in the United States are regulated by the United States Department of Agriculture. What did it sell for per acre? If you apply for the loan, how much can your maximum monthly payment be? 42- Alice is planning her career and setting her goals. 76- Mark believes he has been discriminated against during his home search. 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. B. Federal Reserve Bank of San Francisco. real estatesavings accountmoney market fundcertificate of deposit. b. the columns of townships running north and south within a check are called ranges In capitalism, the factors of production are most often controlled by business owners and investors. Who will pay the points? 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. But that is a theoretical construct and rarely the case in practice. The loan will be distributed to them gradually. 80- Which of the following is an example of commingling? 102- What is the minimum period of time over which the owner of a commercial building can depreciate the improvements? returns on investment is computed in the following manner. This can result in a transformation of factors of production for entire industries. b. Why is the Schroendinger equation not valid for relativistic particles? The US government survey uses all of the following EXCEPT: d. tier, 20. Give credit to all potential borrowers.

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