34- Sarah is an employee and Ken is an independent contractor at Kerns Realty. B. The Uniform Commercial Code covers the sale of goods over $________. B. 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. How much cropland has the world spared due to increases in crop yields? 47- Which of the following duties is not a permitted activity for an unlicensed personal assistant? The health of soil is a primary concern to farmers and the global community whose livelihoods depend on well managed agriculture that starts with the dirt beneath our feet. A business engaged in agriculture or farming as defined in MGL. You will also have to pay 2.75 points on the loan. The main cause of undernutrition and food insecurity globally is lack of available food. This is called: c. 25 acres Sharon and Steve have just taken a second mortgage on their home. B. Practice Questions with no Answers for Preview, >Ch4-6 R.E. They have $20,000 for a down payment and assumed the sellers mortgage of $75,000. d. lot, block, and subdivision, 21. the NW 1/4 of the NW 1/4 of the SW 1/4 of Section 12 is: c. to protect against liens -pesticides kill prey thereby causing predators to starve or migrate. When comparing printers, make sure to compare the cost per. John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, David N. Shier, Jackie L. Butler, Ricki Lewis, Nursing Fundamentals- Medication Administrati. the same size Land includes any natural resource used to produce goods and services; anything that comes from the land. Demand analysis in a market indicates that 15 houses per month can be sold in the market. 69- According to ECOA, lenders cannot discriminate against potential borrowers on the basis of all but which of the following? a. an identification of the grantor and grantee But that is a theoretical construct and rarely the case in practice. A. 93- Jim has created a nice property flier for the James home. This analysis can only be applied if there are no existing improvements. An important characteristic of land is that it may be modified or improved at any given time. A. B. Which of the following is Kirk himself not likely to do during the application process? Cultivation of crops on land by farmers increases its value and utility. 1. 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? 3400 acres A surveyor's chain is: Purchase price b. 62- When agent Hal shows a home he should never: A. 27- Mr. and Mrs. Haley are purchasing beachfront property in an upscale development. 36- Broker Eric secures a loan for buyer Paul. Use these expressions to check the numerical values of the constants a0a_0a0 and E1E_1E1. c. in each township section 7 is south of section 6. d. there are 36 sections in a township. A survey would reveal all of the following about a property EXCEPT: He sold the building for $1,000,000 and paid $60,000 in commission to the broker. f(z)=z3z2+2z+2f(z)=\frac{z-3}{z^{2}+2 z+2}f(z)=z2+2z+2z3. A personal vehicle used to transport family is not considered a capital good, but a commercial vehicle used expressly for official purposes is. 77- Which of the following Internet pages might not be of particular interest to buyers? a. recorded plat, us government survey, and street address. D. The UCC is a body of law that standardizes a number of business practices. B. Pam is not liable since it was summer and the heating problem was not obvious. The factors of production are land, labor, capital, and entrepreneurship. B. Jim Sharp is purchasing his fathers home. Brainscape helps you realize your greatest personal and professional ambitions through strong habits and hyper-efficient studying. C. I will open my own office within nine years. B. Our World In Data is a project of the Global Change Data Lab, a registered charity in England and Wales (Charity Number 1186433). . 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 metes and bounds form of land description uses: 2. a township contains how many square miles? (95, 93, 120, 94, 93, 129). To that end, technologylike moneyis a facilitator of the factors of production. Practice Questions with no Answers for Preview, >Practice Exam for R.E. this analysis can only be applied if there are no existing improvements. 23- Jonestown Community Bank refuses to lend money to potential homeowners trying to purchase property in the predominantly Asian neighborhood on the west end of town. c. 66 feet Prices of properties currently on the market, C. Properties that were listed but did not sell. C. Jim and Amanda whisper and frown when they see the basement. crop rotation Which type of pesticide has fewer deleterious environmental effects? 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. lien, 35. C) street lights, sewers, and drainage systems cost. Sustainable agriculture encourages the use of antibiotics to prevent disease. b. During this interim period, grant makes monthly rent payments and the owner accepts them. The table shows values of this function recorded every two hours. You can say that the land is preserved wilderness, or put it to some kind of agricultural use to save on property taxes. 30.4 What is Gregs capital gain on the apartment? d. all of the above, Arizona Real Estate "Escrow and Closing B-7", Real Estate Test National Portion B1-B9 Exam, Fundamentals of Engineering Economic Analysis, David Besanko, Mark Shanley, Scott Schaefer. a. easement Land refers to physical land, such as the acres used for a farm or the city block on which a building is constructed. When citing this topic page, please also cite the underlying data sources. 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. The modern definition of factors of production is primarily derived from a neoclassical view of economics. gives the FBI jurisdiction over state authorities in certain casesprohibits fraud in real estate transactionsestablishes penalties for any criminal activitiesrequires certain documents to be in writing, prohibits fraud in real estate transactions. B. Brenda has violated the fiduciary duty of obedience to Jim. Present the offer and tell the seller that the check needs to be held until June 30. 15- Karen and Al obtained a 30-year fixed-rate, fully amortized loan when they purchased their home. You want to buy a house for $243,500. Which of the following would be considered an intermediate goal? 50- Harry has some buyers that he believes are ready to make an offer. Labor refers to all wage-earning activities, such as the work of professionals, retail workers, and so on. Whoever brings the buyer will get the commission. D. The monthly payments increase overtime. b. meridians returns on investment is computed in the following manner. A. Orchards. C. Payments will not be enough to retire the loan. A. Make no recommendations and let the sellers decide on their own. Meanwhile, a company that makes its money from building and renting out office space might see land and capital as its most valuable factors. a. a series of wire links each 7.92' long A potential benefit of genetic engineering is the development of crop plants. c. 200 acres Indicate whether each item is dis 5 acres You have found comparable sales of rural land parcels that indicate the following sale prices per acre: ($930, $775, $1202, $995, $1612, $906). 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. 8. 12- The second installment of property taxes comes due on: 13- Seller Jim tells his agent Branda that he does not want his home marketed to families with children. d. a percolation test, 29. B. Ken must obtain his own training. 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. 34- Sarah is an employee and Ken is an independent contractor at Kerns Realty. D. An exclusive listing must always be at least 30 days long. 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. The land that is least conducive to agriculture is sandy soil. C. Identifies buyers for other properties. Special purpose: Property used by the public, such as cemeteries,. You can get a loan for 90% of value. c. meridian 1.7107M/s. Pastures are those lands that are primarily used for the production of adapted, domesticated forage plants for livestock. Your income is $1,472 every two weeks. She has an access right of way across the property of her neighbor Bob Smith for ingress, egress, and regress. disposal of livestock wastes USPAP includes performance standards for the appraisal of, real property, personal property, and business/intangible property, What is the mode of the following set of gross rent multipliers? What Is Depreciation, and How Is It Calculated? If you apply for the loan, how much can your maximum monthly payment be? What is the purpose of a states statute of frauds? Capital also follows a similar model in that it can be owned or leased from another party. They sold for: $178,500; $166,000; $172,750; $182,000; $168,000; $174,000; $176,000; $184,000; $170,000; $175,000; $172,000; $181,500. C. Discuss alternative properties that may be interest. Each of these requires significant real estate and capital investments. 43- The Equal Credit Opportunity Act (ECOA) requires lenders to: A. pheromone traps It would be misleading if the appraiser did not disclose the existence of this structure in the report. A basis of $148,000 and no taxable gain, B. Which of the following is an example of a genetically modified crop? 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? Twenty years ago, most appraisal reports that were sent electronically were sent using _____ technology; today, most appraisals are sent electronically using a _______ format. habitiat fragmentation, none, these are all problems associated with industrial agriculture. a. 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.
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