agricultural land includes all of the following except which

65- Which of the following items is usually not prorated at closing? A property is owned as tenancy in severalty. A. 61- Bill and Sue secured a mortgage loan that is tied to an index which fluctuates over the life of the loan. Brainscape helps you realize your greatest personal and professional ambitions through strong habits and hyper-efficient studying. A. Orchards. You have found comparable sales of rural land parcels that indicate the following sale prices per acre: ($930, $775, $1202, $995, $1612, $906). 76- Mark believes he has been discriminated against during his home search. You want to insure it for 80% of value and the annual insurance premium will cost $5.75 per thousand. What kind of agreement is this? A potential benefit of genetic engineering is the development of crop plants. (e) 6.61027m6.6\times10^{-27}\;\mathrm{m}6.61027m. What is the mean sale price? B. c. front footage 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? 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. Earthquake and volcanic action A longer mortgage loan term will: Result in lower monthly mortgage payments You can get a loan for 90% of value. C) street lights, sewers, and drainage systems cost. 6- According to California real estate law, how often must a broker balance his or her trust accounts? 46- A life insurance company would most likely invest in all but which of the following properties? Practice Questions with no Answers for Preview, >Ch16-18 R.E. The lender must furnish a copy of the CFPB booklet to Abby no later than the third business day from which date? He says to them, Would you prefer to take possession on September 1 or October 1? What kind of closing technique is Harry using? Generally, Light, warm, dry, sandy soil that is acidic and deficient in nutrients is what you may expect to find in a typical climate. How much cropland has the world spared due to increases in crop yields? d. benchmark, 30. The four components of the Appraiser Qualification Criteria are: qualifying education, examination, experience, continuing education. Business Accounting 1. The difference in skill levels and terminology also helps companies and entrepreneurs create corresponding disparities in pay scales. What is the purpose of a states statute of frauds? Image by Sabrina Jiang Investopedia2020, Absorption Costing Explained, With Pros and Cons and Example, What Is an Amortization Schedule? For example, a tractor purchased for farming is capital. We also reference original research from other reputable publishers where appropriate. The lender will allow you to spend up to 28% of your annual income for housing costs, including your mortgage, property taxes, and insurance. What is the median of these numbers: 19, 11, 64, 36, 81, 22, 35, 95? c. 400 ft disposal of livestock wastes Depending on the context, some factors of production might be more important than others. 40- Which of the following phrases should Salesperson Brenda avoid when writing an advertisement for one of her listings? C. The seller did not disclose the problem on a sellers disclosure form so Pam is off the hook. As a result, the country became the biggest market for robots. In zoning, the distance from the street to the front of a house is called: A personal vehicle used to transport family is not considered a capital good, but a commercial vehicle used expressly for official purposes is. 105- Agent Alice has received an offer that she believes is not in the sellers best interest. 186,000 x .80 = 148,800148,800 x .006 = 892.8892.8/12 (months) =74.4Answer: $74.40, Short term money instruments are traded on the. The continued popularity of the product meant that Zuckerberg also had to scale technology and operations. Which of these statements is true about the wraparound mortgage? Even small plots of land - whether rural or urban - growing fruit, vegetables or some food animals count if $1,000 or more of such products were raised and sold, or normally would have been sold, during the Census year. C. The same amount will go towards the principal every month. c. lot, block, and subdivision B. Building b. Which of the following statements is TRUE about metes and bounds? C. They can make payments directly to the original lender. Ask questions of the prospects children. 66- When doing a listing presentation which of the following items would you not describe to the owners as being a benefit of listing with an agent? a. Purchase price b. Which of the following is Kirk himself not likely to do during the application process? Because entrepreneurs are vital for economic growth, countries are creating the necessary framework and policies to make it easier for them to start companies. Which is a true statement? D. Their loan payments will gradually increase. 4. He raised venture capital money to rent office space, hire more employees, and purchase additional server space for development. The borrowers family in case of his or her death, B. Who is responsible for appointing members to the ASB and AQB? 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. A net listing is illegal in all states. Which of the following would be considered an intermediate goal? 52 weeks in a year divided by 2 is 26.1,472 x 26 = 38,27238,272 x .28 = 10,716,16 (28% of the annual income per yr)10,716 divided by 12 (months) =893.01 monthly payments. B. Derive an expression for the gravitational potential energy of a system consisting of Earth and a brick of mass m placed at Earths center. Deforestation can include clearing the land for farming or livestock, or using the timber for fuel . She is probably using all but which of the following tools? B. C. Allow indoor pets to leave their designated area. 4 Factors of Production Explained With Examples, Fiscal Year: What It Is and Advantages Over Calendar Year, How a General Ledger Works With Double-Entry Accounting Along With Examples, Just-in-Time (JIT): Definition, Example, and Pros & Cons, Net Operating Loss (NOL): Definition and Carryforward Rules, NRV: What Net Realizable Value Is and a Formula To Calculate It, No-Shop Clause: Meaning, Examples and Exceptions, Operating Costs Definition: Formula, Types, and Real-World Examples, Operating Profit: How to Calculate, What It Tells You, Example, Production Costs: What They Are and How to Calculate Them, What Is a Pro Forma Invoice? What is sandy soil? Productivity measures the efficiency of production in economics. A Bill of Sale gives title to the business equipment. He sold the building for $1,000,000 and paid $60,000 in commission to the broker. 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. 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. Buyer Jim asks if he can visit the property for a second time. How many months inventory does this represent? c. the section lines must be clearly noted b. to protect against encroachments 27- Mr. and Mrs. Haley are purchasing beachfront property in an upscale development. Purchase of investments. ", Association for Advancing Automation. Along the same lines, desks and chairs used in an office are also capital. b. dedication They have $20,000 for a down payment and assumed the sellers mortgage of $75,000. c. 25 acres by Hannah Ritchie, Max Roser and Pablo Rosado, To protect the worlds wildlife we must improve crop yields especially across Africa, After millennia of agricultural expansion, the world has passed peak agricultural land, Yields vs. Land Use: How the Green Revolution enabled us to feed a growing population. Import duties and taxes c. Freight, handling and other costs directly attributable to the acquisition of goods d. Trade discounts, rebates and other similar items. Natural resources, such as oil and gold, can be extracted and refined for human consumption from the land. 1. b. range To that end, technologylike moneyis a facilitator of the factors of production. B. a. 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. Which form of legal land description describes a parcel by enclosing it? ", U.S. International Trade Commission. a. government survey . Two months later she purchased and moved into a new home that cost $145,000. Practice Questions with no Answers 33- Which statement is true about a loan that has a negative amortization? 67- Hannah is a real estate assistant. There are four factors of productionland, labor, capital, and entrepreneurship. 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. 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. I will open my own office within nine years. Which of the following uses of pesticide can lead to ecological imbalance? A Fannie Mae. d. a showing of the property's boundaries to scale, a. an identification of the grantor and grantee, 27. 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? The definition of factors of production in economic systems presumes that ownership lies with households, who lend or lease them to entrepreneurs and organizations. 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. All the software and code that we write is open source and made available via GitHub under the permissive MIT license. 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? What Is Depreciation, and How Is It Calculated? Information on current loan programs. C. Recommend a counteroffer back to list price. A facade easement is a type of_______________ easement. A. Practice Questions with no Answers for Preview, >Practice Exam for R.E. 100 ft 15- Karen and Al obtained a 30-year fixed-rate, fully amortized loan when they purchased their home. 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? Absolute advantage allows an entity to produce a greater quantity of the same good or service with the same constraints than another entity. Learn how it impacts trade. D. The first and second mortgage will be rolled into one. 44- Jim owns a gift shop in a commercial building. A surveyor's chain is: 41- Agricultural land includes all of the following EXCEPT which? A. C. Neither Sarah nor Ken can get employer-provided health insurance. When appraising an income producing property, you have the following GRMs indicated from comparable sales (122, 159, 132, 126, 122, 173, 152, 126). the same size B. Pastureland. A basis of $148,000 and no taxable gain, B. b. meridians If Broker Tom procures a buyer for Jack, Tom will get the commission and Alice will not. 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. B. Agricultural land includes all of the following EXCEPT which? C. Use an attractive first-class stamp. The purchase price, plus depreciation 31- Patrick has a written independent contractor agreement with his broker Tami. earnings equal sales minus the cost of sales c. lot, block and subdivision Read about productivity in the workplace and how productivity impacts investments. a. an identification of the grantor and grantee Production workers are paid for their time and effort in wages that depend on their skill and training. a. government survey system 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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