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88- Sally and Dan must pay 2 points on their new $65,000 loan. 102- What is the minimum period of time over which the owner of a commercial building can depreciate the improvements? Then the prey population rebounds larger than before since predators are gone The recent trend of U.S. prime farmland has been a loss of 160,000 hectares per year. The introduction of technology into a labor or capital process makes it more efficient. Secure documents that are public information from the courthouse and other sources available to the public. b. . A. 96- Which statement is not true about a listing contract? Which countries are overapplying nitrogen without gains in crop yields? This is further explained below. The factors of production include land . B. What is the key feature of this type of loan? Ownership of the factors of production also differs based on the economic system. 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 . Which method of land description would describe an irregular piece of property? 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. 61- Bill and Sue secured a mortgage loan that is tied to an index which fluctuates over the life of the loan. a. erosion C. Identifies buyers for other properties. The table shows values of this function recorded every two hours. By increasing crop yields we can reduce the amount of land we use for agriculture. c. easement Real Estate includes all of the following except: Property rights. By increasing crop yields we can reduce the amount of land we use for agriculture. 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. b. the boundaries of the property Here are all the sales in your area in the last 4 months. C. Allow indoor pets to leave their designated area. C. Find a lender who is willing to do FHA loans. The continued popularity of the product meant that Zuckerberg also had to scale technology and operations. b. Which of the following methods of legal land description would most likely be used to describe agricultural lands? The main cause of undernutrition and food insecurity globally is lack of available food. You can get a loan for 90% of value. 80- Which of the following is an example of commingling? d. depth, 25. C. Once filed, it remains until terminated. 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. After the crisis, China experienced a multi-year growth cycle, and its manufacturers invested in robots to improve productivity at their facilities and meet growing market demands. C. Broker Harry deposits $1000 into his brokerage business account. 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? What kind of loan do they have? Rangelands include natural grassland, savannas, many wetlands, some deserts, tundra, and certain forb and shrub communities. The majority of GM crops in the United States are regulated by the United States Department of Agriculture. B. However, as business continued to grow, Meta built its own office space and data centers. 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? Which of the following is a legal description of a property? C. Theyre probably paying a higher interest rate on the second mortgage. They are commonly broken down into four elements: land, labor, capital, and entrepreneurship. 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. 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. A. Information on current loan programs. Land includes any natural resource used to produce goods and services; anything that comes from the land. Inventory (increase). D. A basis of $140,000 and no taxable gain. soil erosion -pesticides show mobility, moving other than where they were applied inadvertently killing non-pest organisms. b. an environmental impact statement Goodwill is an intangible asset that results from the reputation of the business. 2240 acres 105- Agent Alice has received an offer that she believes is not in the sellers best interest. Her asking price was $560,000 and the property sold for $575,000. Starting at tree with a notch inside section 14, T3N, R2E of the Montana principle meridian go W 1/4 mile, then S 680 ft, E 1320ft, thence straight line back to the POB. b. riparian c. 400 ft e statement and outline the possible factors that could determine the contextual Variations in the manifestation of entrepreneurship. 50- Harry has some buyers that he believes are ready to make an offer. B. In some cases, all you need is a piece of land that's not currently being used. and hydroxide ion in ethyl alcohol at 330K, C2H5Br(alc)+OH(alc)C2H5OH(I)+Br(alc)\mathrm { C } _ { 2 } \mathrm { H } _ { 5 } \mathrm { Br } ( a l c ) + \mathrm { OH } ^ { - } ( a l c ) \longrightarrow \mathrm { C } _ { 2 } \mathrm { H } _ { 5 } \mathrm { OH } ( I ) + \mathrm { Br } ^ { - } ( a l c ) B. -All of the above Which of these factors would result in a violation of USPAP if the appraiser based his or her appraisal fee on it? The purchase price, plus improvements, C. The fair market value at the time of sale. Please remove your shoes before entering the home. Labor refers to the effort expended by an individual to bring a product or service to the market. 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. The fees that Eric charges Paul for making the loan could be any but which of the following amounts? 4. 100 acres 65- Which of the following items is usually not prorated at closing? d. mete, 23. 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? Housing and Community Development Act. 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. Her expertise is in personal finance and investing, and real estate. A. Lots and blocks are appox. c. 66 feet The four agents of production are land, ________, capital, and _____________. D. Offer something valuable to the reader. Which of the following types of investments has historically generated the highest return on investment? Crop yields might seem far from being one of the worlds largest problems. a. erosion 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. 28- Abby applies for a federally-related loan to purchase a home. He sells this right to nearby Property Owner B who wishes to develop his property into additional lots. 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. c. lot, block and subdivision Which entity is responsible for making periodic changes to USPAP? b. a parcel of land is 1/8 mile by 1/8 mile is 40 acres. Deposit the check into his trust fund account on the next business day. 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. 1/2 mile, 22. ", Association for Advancing Automation. Deforestation can include clearing the land for farming or livestock, or using the timber for fuel . 4. B. Values increased in that area by 5% the first year and 7% the second year. 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. Which of the following types of agriculture is correctly matched with the agricultural practice? C. Jim and Amanda whisper and frown when they see the basement. This is further explained below. The greater a firm's or country's TFP, the greater its growth. The proportion of the land base in agricultural uses has declined from 63 percent in 1949 to 51 percent in 2007. C. Exclusive-authorization-and-right-to-sell. It can also refer to market, industry, and business fragmentation. a. C. The same amount will go towards the principal every month. 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 of the following statements is true? Practice Questions with no Answers 33- Which statement is true about a loan that has a negative amortization? A surveyor's chain is: 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 Question: Knowledge Check 01 Merchandise Inventory includes all of the following except O Goods held for sale Goods located in the warehouse O Goods sold Goods located in an off-site warehouse Show transcribed image text Expert Answer 100% (30 ratings) Answer : Option - C, Goods sold Explanation : Merchandis View the full answer The U.S. land area covers nearly 2.3 billion acres. Because of their low clay content, sandy soils are often referred to as "light soils.". 19- Which of the following is not an advantage of hosting an open house? A survey would reveal all of the following about a property EXCEPT: 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. The cost of land typically includes all, except a. Grading, filling, draining and cleaning cost b. Cultivation of crops on land by farmers increases its value and utility. For example, a tractor purchased for farming is capital. He says to them, Would you prefer to take possession on September 1 or October 1? What kind of closing technique is Harry using? D. Their lender can profit from the difference in interest rates. 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. Which statement is true? 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. b. a parcel of land is 1/8 mile by 1/8 mile is 40 acres. a. a series of wire links each 7.92' long Pastures are those lands that are primarily used for the production of adapted, domesticated forage plants for livestock. The second mortgage has now become the primary loan. A. D. Brenda has not violated any fiduciary duty. This site is using cookies under cookie policy . b. reliction c. highest and best use c. 200 acres 93- Jim has created a nice property flier for the James home. 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? Give credit to all potential borrowers. returns on investment is computed in the following manner. 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. How much did Sam gain or lose on the sale? You apply for a mortgage. 97- Buyer Randy makes an offer to purchase one of Broker Toms listings on June 15. B. Brenda has violated the fiduciary duty of obedience to Jim. Tell the sellers exactly how she feels and why she thinks the offer is not a good one. How long does he have to file a complaint with the Department of Housing and Urban Development? She has worked in multiple cities covering breaking news, politics, education, and more. 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. What kind of mortgage are they looking for? Please consult our full legal disclaimer. "About Us.". B. Jim Sharp is purchasing his fathers home. C. Parks. 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. t46810121416T48465157626871\begin{matrix} A. What Is Depreciation, and How Is It Calculated? For purposes of federal income tax, which statement is true? Land: Includes undeveloped property, vacant land, and agricultural lands such as farms, orchards, ranches, and timberland. Get started for free! d. lien, 35. Indicate whether each item is dis Her broker has asked her to be available for tasks in the field rather than in the office. c. There are 36 sections in a township 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? yields at a global level following the pattern established over the past five decades will not be sufficient to meet food needs. a) construct an influence diagram that relates these variables What is the mean sale price? C. I will open my own office within nine years. c. in each township section 7 is south of section 6. d. there are 36 sections in a township. In the 1970s, who developed uniform rules for mortgage underwriting? a. redemption B. B. d. an easement, a. the water rights reserved by a previous owner, 14. b. range d. a showing of the property's boundaries to scale, a. an identification of the grantor and grantee, 27. a. recorded plat, us government survey, and street address. For modern mainstream (neoclassical) economists, capital is the primary driver of value. c. front footage Business Accounting 1. D. The appraised value prior to sale \text{T} & \text{48} & \text{46} & \text{51} & \text{57} & \text{62} & \text{68} & \text{71}\\ d. assemblage, 39. Within the software industry, labor refers to the work done by project managers and developers in building the final product. 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. a. The difference in skill levels and terminology also helps companies and entrepreneurs create corresponding disparities in pay scales. A. , ided by total investment.. total investment is current assets (inventories, accounts receivables and cash) plus fixed assets. D. An exclusive listing must always be at least 30 days long.