A Fannie Mae. Because of their low clay content, sandy soils are often referred to as " light soils." [2] [3] It is generally synonymous with both farmland or cropland, as well as pasture or rangeland . What kind of a mortgage do they have? 96- Which statement is not true about a listing contract? 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. Purchase of investments. 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. easement C. If the selling agent does not deal directly with the seller, the selling agent is not required to provide the disclosure. c. check 102- What is the minimum period of time over which the owner of a commercial building can depreciate the improvements? 46- A life insurance company would most likely invest in all but which of the following properties? Earthquake and volcanic action A longer mortgage loan term will: Result in lower monthly mortgage payments 68- Greg and Joyce have an adjustable rate mortgage on their home. 52- Which statement is true about a listing contract? Which type of pesticide has fewer deleterious environmental effects? Practice Questions with no Answers for Preview, >Ch16-18 R.E. It sold for $80,000. What did it sell for per acre? However, as business continued to grow, Meta built its own office space and data centers. 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? A facade easement is a type of_______________ easement. 30- Being prepared to handle incoming phone calls means all of the following except which? B. 98- Grant moves into his new office space while he awaits the completion of the negotiations of the lease terms. The 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. You have found comparable sales of rural land parcels that indicate the following sale prices per acre: ($930, $775, $1202, $995, $1612, $906). She sold the property and several months later the buyer sued Pam for not disclosing the problem. That includes Randy Newman, who sings about his hometown.1:A nickname of a place can have the following functions except .Abuilding up identityBentertainmentCbringing pride to the localsDuniting surrounding cities2:The underlined sentence can best be replaced by .AYour trip to Los Angeles is not perfect if you miss . The cash rent lease and the crop-share lease are the two most frequently used land leases in agriculture. A net listing is illegal in all states. Production, such as manufacturing, can be tracked by certain indexes, including the ISM manufacturing index. Land: Includes undeveloped property, vacant land, and agricultural lands such as farms, orchards, ranches, and timberland. 28- Abby applies for a federally-related loan to purchase a home. 47- Which of the following duties is not a permitted activity for an unlicensed personal assistant? d. an easement, a. the water rights reserved by a previous owner, 14. At first, there was no need for land. Find a home that meets FHA requirements. Which statement is true? B. b. us government system He says to them, Would you prefer to take possession on September 1 or October 1? What kind of closing technique is Harry using? What is Gregs capital gain on the apartment? $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. B. habitiat fragmentation, none, these are all problems associated with industrial agriculture. c. 200 acres How many acres is that? Building b. a. erosion B. Which law extended discrimination to include handicap and familial status? D. The interest payment is always smaller then the amount allocated to the principal. a. a grant Which of the following would be the least likely place for them to obtain a loan? Goodwill is an intangible asset that results from the reputation of the business. What is the mean of the GRMs? The three methods used to legally describe land are: C. Find a lender who is willing to do FHA loans. a. recorded plat, us government survey, and street address. A. Ken is responsible for his own taxes, while the broker pays Sarahs. Improvements in crop yields have been essential to feed a growing population, while reducing the environmental impact of food production at the same time. (d) 1.81019m1.8\times10^{-19}\;\mathrm{m}1.81019m Take the potential energy for the system with the brick placed at infinity to be zero. b. setback A business engaged in agriculture or farming as defined in MGL. Investopedia requires writers to use primary sources to support their work. B. 6. Our articles and data visualizations rely on work from many different people and organizations. In 2012, the latest update to ERS's Major Land Uses (MLU) series, grassland pasture and range uses accounted for the largest share of the Nation's land base, surpassing land in forest uses, which includes grazed forest land, for the first time since 1959.Although the shares of land in different uses have fluctuated to some degree over time . B. Brenda has violated the fiduciary duty of obedience to Jim. the estimated cost to -replace a property, a guarantee of the true worth of a property, the President of The Appraisal Foundation. 5. Read about productivity in the workplace and how productivity impacts investments. What is the meaning of T(12)?T^{\prime}(12) ?T(12)? 54- Jim and Jane are buying a home for $120,000. A. Indicate whether each item is dis A. 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. This practice is: 24- When talking to his investment clients, Broker Adam often to tax shelters. 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. C. The fair market value at the time of sale Her asking price was $560,000 and the property sold for $575,000. 8. 6. Our World In Data is a project of the Global Change Data Lab, a registered charity in England and Wales (Charity Number 1186433). This is an example of. 20.6 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. A surveyor's chain is: You have found comparable sales of rural land parcels that indicate the following sale prices per acre: ($930, $775, $1202, $995, $1612, $906). c. it is a document used to record the subdivision of land, 11. 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. 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? Ask questions of the prospects children. Because of their low clay content, sandy soils are often referred to as "light soils.". What kind of agreement is this? Proceeds from issuance of stock. For purposes of federal income tax, which statement is true? Increasingly, technology is responsible for the difference in efficiency among firms. c. eminent domain 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. C. Payments will not be enough to retire the loan. A. In this context,technology has a fairly broad definition and can refer to software, hardware, or a combination of both used to streamline organizational or manufacturing processes. D. Avoid negative comments while hes inside the home. Present the offer and tell the seller that the check needs to be held until June 30. A. 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 state of technological progress can influence the total factors of production and account for any efficiencies not related to the four typical factors. Costs directly related to the . C. A seller can sell his or own home and owe home and owe no commission if he or she signs an exclusive agency listing. A Bill of Sale gives title to the business equipment. The permanent receding of water increases the land owner's property by: In economics, capital typically refers to money. $5,500 the first year, plus a maximum 2% increase in market value per year, B. Then the prey population rebounds larger than before since predators are gone disease-resistant crop varieties A. The recent trend of U.S. prime farmland has been a loss of 160,000 hectares per year. Which of the following is an example of a genetically modified crop? b. metes and bounds b. recorded plat 15- Karen and Al obtained a 30-year fixed-rate, fully amortized loan when they purchased their home. "The Industrial Robotics Industry in China: Demand and Domestic Innovation. The selling agent must provide the disclosure to the seller as soon as practicable prior to presenting a purchase offer. Marxism is a set of social, political, and economic theories developed by Karl Marx that formed the basis of socialist principles. Labor by an uneducated and untrained worker is typically paid at low prices. B. A. Which is a true statement? c. lot, block, and subdivision This site is using cookies under cookie policy . Which winds steer hurricanes that form in the Atlantic Ocean toward Florida? 82- What is the minimum period of time over which the owner of an apartment building can depreciate the improvements? a. survey 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? The lender in case of the borrowers death, C. The lender against delinquent payments, D. The lender in case of the borrowers default. b. a parcel of land is 1/8 mile by 1/8 mile is 40 acres. pheromone traps These include white papers, government data, original reporting, and interviews with industry experts. . 59- Which of the following is a sellers request that an agent cannot honor? 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? For the early political economists, labor was the primary driver of economic value. A. I will complete the GRI certification in the next four years. The Census of Agriculture is a complete count of U.S. farms and ranches and the people who operate them. A basis of $148,000 and no taxable gain, B. A. Mike has changed jobs six times in the past six months. a. a series of wire links each 7.92' long "North American Robot Orders Fall 21% in 2008. tomatoes contain a soybean's gene for disease resistance. a. a radon level test Browse over 1 million classes created by top students, professors, publishers, and experts. The metes and bounds form of land description uses: 2. a township contains how many square miles? c. real estate broker "IFR Presents World Robotics Report 2020. b. the columns of townships running north and south within a check are called ranges C. Payments will not be enough to retire the loan. (e) 6.61027m6.6\times10^{-27}\;\mathrm{m}6.61027m. Installation of central air conditioning, D. Addition of a tenant laundry facility. It is important to distinguish personal and private capital in factors of production. Labor refers to all wage-earning activities, such as the work of professionals, retail workers, and so on. 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. How long does he have to file a complaint with the Department of Housing and Urban Development? 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. The fees that Eric charges Paul for making the loan could be any but which of the following amounts? Which countries are overapplying nitrogen without gains in crop yields? D. Seeking buyers for others agents listings. depletion of fossil fuels 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. returns on investment is computed in the following manner. Which of the following is not one of those groups? C. Real Estate Settlement and Procedures Act. It can be considered an employment contract. c. meridian D. Pam is has no duty to investigate and may rely on the opinion of a heating professional or home inspector. The median price of homes sold in your county nine months ago was $217,400. Natural resources, such as oil and gold, can be extracted and refined for human consumption from the land. The date Abby receives the good faith estimate. 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? All of the following statements about sections as defined in the US government survey system are true EXCEPT: a. a section is 640 acres. 60- Seller Tom has an agreement with Broker Bill, Broker Jim and Broker Joe. Your property, which consists of a house on a lot, is valued at $186,000. 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. b. an environmental impact statement 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. The monthly payments increase overtime. The table shows values of this function recorded every two hours. B. a. How much is your property worth today? The purchase price, plus improvements, C. The fair market value at the time of sale. 37- When dealing with the sale of a business, which is not a true statement? When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. a. redemption a. quadrant 39- When doing a competitive market analysis, an agent looks at all but which of the following factors? 34- Sarah is an employee and Ken is an independent contractor at Kerns Realty. What property type will he be dealing with? 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 U.S. land area covers nearly 2.3 billion acres. A. Crop yields might seem far from being one of the worlds largest problems. 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). The cost of land typically includes the purchase price and all of the following costs except A) private driveways and parking lots. 160 acres 14- Value includes which of the following aspects? Prices of properties currently on the market, C. Properties that were listed but did not sell. b. 7- In the initial meetings with the prospects, the agent should do all of the following except which? Again, it can take on various forms. The other 75% came from an hourly wage paid by Tami. This is further explained below. c. contribution Each of their payments is for the same amount. The original loan becomes subordinate to the wraparound. A. yields at a global level following the pattern established over the past five decades will not be sufficient to meet food needs. A. Who has the dominant tenement in this situation? What is the median sale price? Broker John puts $500 into his trust account. A. The cost of purchase of inventory does not include a. In socialist systems, the government (or community) often exerts greater control over the factors of production. 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? 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. When comparing printers, make sure to compare the cost per. 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. Which of the following types of agriculture is correctly matched with the agricultural practice? b. dedication 4. the point of beginning is associated with: 5. C. Allow indoor pets to leave their designated area. Erosion Estimate its value. D. All adjustable rate mortgages have negative amortization. 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. -pesticides show mobility, moving other than where they were applied inadvertently killing non-pest organisms. The borrowers family in case of his or her death, B. Long-term agricultural yields in the United Kingdom. A problem with the real property market is that the amount of ________ is slow to change. A. I will complete the GRI certification in the next four years. C. Discuss alternative properties that may be interest. b. the description is imperfect if it does not end at the point of beginning 6- According to California real estate law, how often must a broker balance his or her trust accounts? 300 ft Information on current loan programs. 56- Which is not a true statement about the Agency Disclosure? What do you call the process by which a land owner loses land by a sudden or violent act of nature? Land, labor, and capital as factors of production were originally identified by early political economists such as Adam Smith, David Ricardo, and Karl Marx. Integrated pest management incorporates all of the following methods except B. 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).
