A developer of a shopping center buys three adjoining lots for $124,000, $75,000 and $111,000 creating a single parcel worth $420,000. Another example of entrepreneurship is Starbucks Corporation (SBUX). a. each check contain 16 townships who four boundaries each measure 6 miles D. Broker Gina puts $150 into her trust account. This term typically refers to. 29- Which of the following is not a good direct mail technique? 81- Jake has decided to specialize in working with clients who purchase schools. For modern mainstream (neoclassical) economists, capital is the primary driver of value. While not directly listed as a factor, technology plays a vital role in influencing production. D. Exclusive-authorization-and-right-to-sell agreement. How much will you have to deliver to closing to cover both the down payment and the loan points? When he coded the minimum viable product himself, Zuckerbergs labor was the only factor of production. b. metes and bounds 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 . A. I will complete the GRI certification in the next four years. the same size Explain the meaning of abov His depreciation was $2,500 per year. A Bill of Sale gives title to the business equipment. The other 75% came from an hourly wage paid by Tami. 49- Agent Dan tells his buyers that the seller will leave the washer and dryer if the buyers make an offer now. Generally, Light, warm, dry, sandy soil that is acidic and deficient in nutrients is what you may expect to find in a typical climate. Availability of multiple listing service, C. Broker-paid advertising and promotion, D. Assistance with filling out disclosures. 1. narrow-spectrum pesticide because it focuses on killing specific organisms. How many acres are there in 2 parcels of land described a SW 1/4 and the NW 1/4 of the SE 1/4? 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. c. 2 townships As a result, the country became the biggest market for robots. c. meridian C. Discuss alternative properties that may be interest. How long does he have to file a complaint with the Department of Housing and Urban Development? Her property taxes would be assessed at: 79- Tom and Mary want to purchase their first home. The lender must furnish a copy of the CFPB booklet to Abby no later than the third business day from which date? A. A. ", Starbucks Coffee Corporation. Jim and Jane financed the remaining $25,000 through the seller. Her asking price was $560,000 and the property sold for $575,000. a. erosion This is an example of. It can be considered an employment contract. c. reliction The right to construct and maintain tunnels, subways, subcellars, pipelines, sewers, etc. is the definition of _________ rights. 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. She is probably using all but which of the following tools? Other grazing lands include woodlands, native pastures, and croplands producing forages. b. the description is imperfect if it does not end at the point of beginning d. benchmark, 30. D. Understanding characteristics of the rental market. c. check Licenses: All visualizations, data, and articles produced by Our World in Data are open access under the Creative Commons BY license. tomatoes contain a soybean's gene for disease resistance. a. a radon level test These claims are overblown, but soil erosion is a problem and we can do something about it. 64- Which of the following is not a form of personal advertising? 57- Under federal income tax law, the basis for a personal residence is which of the following: A. 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? sewers; crops; buildings; roads Factors of production is an economic term that describes the inputs that are used in the production of goods or services in order to make an economic profit. Read about productivity in the workplace and how productivity impacts investments. 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. buyer 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. B. resistant to viral diseases, drought, heat, or herbicides. b. dedication When comparing printers, make sure to compare the cost per. Crop yields might seem far from being one of the worlds largest problems. 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? Why is the Schroendinger equation not valid for relativistic particles? 5 acres It must be in writing to be enforceable. During an economic contraction or when they suffer losses, companies cut back on capital expenditure to ensure profits. 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. 45- Kirk wants to get an FHA loan. Which countries are overapplying nitrogen without gains in crop yields? When appraising an income producing property, you have the following GRMs indicated from comparable sales (122, 159, 132, 126, 122, 173, 152, 126). c. it is a document used to record the subdivision of land, 11. a. to protect the buyer by showing the size of the lot The borrower makes payments of interest only over the term of the loan. 3. a plat map is used in which type of legal description? As such, factors of production, such as land and capital, are owned and regulated by the community as a whole under socialism. B. d. lots and blocks, 16. This analysis can only be applied if there are no existing improvements. The S 1/2 of the NW 1/4 of the SW 1/4 of section 14 is how many acres. Which entity is responsible for making periodic changes to USPAP? C. The fair market value at the time of sale When, is 0.100 M, the rate of disappearance of ethyl bromide is, 1.7107M/s1.7 \times 10 ^ { - 7 } \mathrm { M } / \mathrm { s } What Is Depreciation, and How Is It Calculated? A type of subsistence agriculture in which short periods of cultivation are followed by longer periods of fallow land is called, The recent trend of U.S. prime farmland has been, Challenges facing U.S. agriculture include all of the following except, increase in number of domesticated animal varieties, One of the problems associated with the "green revolution" is that, it makes developing countries dependent on high-energy consuming imported technologies. Business Accounting 1. What do you call the process by which a land owner loses land by a sudden or violent act of nature? A. d. 600 ft, 37. She has an access right of way across the property of her neighbor Bob Smith for ingress, egress, and regress. "Sustaining Chinas Economic Growth After the Global Financial Crisis," Pages 1-2. International Federation of Robotics. 34- Sarah is an employee and Ken is an independent contractor at Kerns Realty. C. Mike has been late with his rent payments seven times in the past year, D. He had a serious physical altercation with his downstairs neighbor. He sells this right to nearby Property Owner B who wishes to develop his property into additional lots. The Buckle, Incorporated, included the following in its statement of cash flows presented using the indirect method. Fannie Mae FDIC OCC FRB. U.S. land area covers nearly 2.3 billion acres. limited use of pesticides, Which of the following is not a problem associated with industrial agriculture? b. reliction The date Abby receives the good faith estimate. The U.S. land area covers nearly 2.3 billion acres. c. 66 feet 80- Which of the following is an example of commingling? There are currently 180 houses for sale in this market. 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. What is the mean of the GRMs? 5. Why might a lender require a survey before making a loan? C. Identifies buyers for other properties. D. The UCC is a body of law that standardizes a number of business practices. For example, a tractor purchased for farming is capital. c. front footage Values increased in that area by 5% the first year and 7% the second year. Because of their low clay content, sandy soils are often referred to as " light soils." Which method of land description would describe an irregular piece of property? Which form of legal land description describes a parcel by enclosing it? Find a home that meets FHA requirements. B. The Federal Reserve can influence the level of economic activity by. 39- When doing a competitive market analysis, an agent looks at all but which of the following factors? What is the median sale price? 67- Hannah is a real estate assistant. strategies used to increase the supply of food for a country could include. Federal Reserve Bank of San Francisco. a. easement c. recorded plat 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. Accounts payable (decrease). However, during periods of economic expansion, they invest in new machinery and equipment to bring new products to market. C2H5Br(alc)+OH(alc)C2H5OH(I)+Br(alc), is first order each in ethyl bromide and hydroxide ion. D. Have the prospects sign the disclosure about agency relationship. Broker John puts $500 into his trust account. In zoning, the distance from the street to the front of a house is called: 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. B. Pleases the sellers by inv=creasing activity. Which of the following statements is true? 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. 5. -All of the above The principle of supply and demand states that the price of a commodity, good, or service varies __________, but not necessarily _____________, with demand. The ERS Major Land Uses series is the longest running accounting of all major uses of public and private land in all 50 States. C. The same amount will go towards the principal every month. What should Alice do? D. Allows viewing access to strangers. The state of technological progress can influence the total factors of production and account for any efficiencies not related to the four typical factors. 76- Mark believes he has been discriminated against during his home search. a. recorded plat, us government survey, and street address. 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. We also reference original research from other reputable publishers where appropriate. Estimate its value. A. c. highest and best use An example of entrepreneurship is the evolution of the social media behemoth Meta (META), formerly Facebook. Who will pay the points? For example, a software company that relies primarily on the labor of skilled software engineers might see labor as its most valuable factor of production. You apply for a mortgage. How many acres is that? Ownership of the factors of production also differs based on the economic system. You want to insure it for 80% of value. The four components of the Appraiser Qualification Criteria are: qualifying education, examination, experience, continuing education. What property type will he be dealing with? tT4486468511057126214681671. ", Association for Advancing Automation. Land improvement c. Land d. Expense; Answer B 3- A property manager can refuse to rent to applicant Mike for any of the following reasons except which? materials, buildingslabor, entrepreneurial coordinationbuildings, labormaterials, entrepreneurship. C. If the selling agent does not deal directly with the seller, the selling agent is not required to provide the disclosure. b. us government system Along the same lines, desks and chairs used in an office are also capital. The right of ingress and egress over the land of another person is call a: ", U.S. International Trade Commission. What kind of listing agreement does Alice have with Jack? returns on investment is computed in the following manner. D) grading, filling, draining, and clearing costs. As a factor of production, capital refers to the purchase of goods made with money in production. Land as a factor of production can mean agriculture and farming to the use of natural resources. 2. The factors of production are land, labor, capital, and entrepreneurship. a. quadrant 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 World Bank divides the world into four groups. The appraiser must avoid mentioning this structure in the report. 69- According to ECOA, lenders cannot discriminate against potential borrowers on the basis of all but which of the following? In some cases, all you need is a piece of land that's not currently being used. C. Neither Sarah nor Ken can get employer-provided health insurance. d. recorded plat, us government survey and metes and bounds, d. recorded plat, us government survey and metes and bounds, 18. 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. It amalgamates past approaches to economic theory, such as the concept of labor as a factor of production from socialism, into a single definition. What Is a Sunk Costand the Sunk Cost Fallacy? The original loan becomes subordinate to the wraparound. Yarilet Perez is an experienced multimedia journalist and fact-checker with a Master of Science in Journalism. How Cash Books Work, With Examples, Cost of Debt: What It Means, With Formulas to Calculate It, Cost of Equity Definition, Formula, and Example, Cost-Volume-Profit (CVP) Analysis: What It Is and the Formula for Calculating It, Current Account: Definition and What Influences It, Days Payable Outstanding (DPO) Defined and How It's Calculated. How much will your insurance cost per month? 68- Greg and Joyce have an adjustable rate mortgage on their home. 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. d. 2.5 square miles, 15. The introduction of technology into a labor or capital process makes it more efficient. turnover is sales div a. frontage A. Brenda must follow all of Jims instructions. b. recorded plat \text{t} & \text{4} & \text{6} & \text{8} & \text{10} & \text{12} & \text{14} & \text{16}\\ Please consult our full legal disclaimer. A column of townships running North and South is called a: Productivity measures the efficiency of production in economics. 61- Bill and Sue secured a mortgage loan that is tied to an index which fluctuates over the life of the loan. A basis of $145,000 and a taxable gain of $3,000, C. A basis of $130,000 and a table gain of $18,000. d. lien, 35. Which of the following statements is true? Depreciation. 41- Agricultural land includes all of the following EXCEPT which? A. Greg Burns is selling his interest in his home to his wife Melanie as part of their divorce settlement. Brenda refuses. Depending on the specific circumstances, one or more factors of production might be more important than the others. Installation of central air conditioning, D. Addition of a tenant laundry facility. B. Indicate whether each item is dis What test would determine the ground's ability to absorb water? You can say that the land is preserved wilderness, or put it to some kind of agricultural use to save on property taxes. The factors of production are an important economic concept outlining the elements needed to produce a good or service for sale. antibiotic application Your property, which consists of a house and lot, is valued at $244,000. Double-Declining Balance (DDB) Depreciation Method Definition With Formula. C. Insurance agents dealing with customers. C. Payments will not be enough to retire the loan. You will also have to pay 2.75 points on the loan. Buyer Amanda asks if she can measure the windows to see if her current drapes will fit. B. Sharon and Steve have just taken a second mortgage on their home. The metes and bounds form of land description uses: 2. a township contains how many square miles? C) street lights, sewers, and drainage systems cost. Deforestation is the permanent removal of trees to make room for something besides forest. The website with the largest amount of demographics information is, What is the median of the following set of gross rent multipliers? C. Theyre probably paying a higher interest rate on the second mortgage. 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?
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