He hired two people, an engineer (Dustin Moskovitz) and a spokesperson (Chris Hughes), who both allocated hours to the project, meaning that their invested time became a factor of production. 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. 78- Nancy bought her home last year for $425,000. f(z)=z3z2+2z+2f(z)=\frac{z-3}{z^{2}+2 z+2}f(z)=z2+2z+2z3. If Broker Tom procures a buyer for Jack, Tom will get the commission and Alice will not. B. The listing agent must provide the disclosure to the seller prior to securing the listing agreement. c. sections Other grazing lands include woodlands, native pastures, and croplands producing forages. By increasing crop yields we can reduce the amount of land we use for agriculture. Solved Knowledge Check 01 Merchandise Inventory includes all | Chegg.com All of our charts can be embedded in any site. d. a percolation test, 29. Practice Questions with no Answers for Preview, >Ch10-12 R.E. d. recorded plat, us government survey and metes and bounds, d. recorded plat, us government survey and metes and bounds, 18. B. the same size This can result in a transformation of factors of production for entire industries. a. to protect the buyer by showing the size of the lot A surveyor's chain is: Deforestation is the permanent removal of trees to make room for something besides forest. The permanent receding of water increases the land owner's property by: Land includes any natural resource used to produce goods and services; anything that comes from the land. c. real estate broker b. the columns of townships running north and south within a check are called ranges C. Find a lender who is willing to do FHA loans. Ask the buyers to sign a real estate transfer disclosure statement. The cost of land typically includes all, except a. Grading, filling, draining and cleaning cost b. Trespassing on the domain of another is the definition of, All of the following would be social influences on value EXCEPT, A firm agreement to perform an act, refrain from acting or make a payment or delivery is the definition of, All of the following would be considered to be economic influences on value EXCEPT, interest rateszoningunemployment ratesConsumer Price Index. C. Real Estate Settlement and Procedures Act. What is Gregs capital gain on the apartment? On the other hand, land is the most significant investment for a real estate venture. Chapter 4 PAS 2 Inventories docx - CALAMBA CAMPUS, BRGY - StuDocu b. reliction The European state model includes all of the following except: A. a clearly and legally defined territory B. a population governed from a capital city C. a representative government D. a high level of urbanization 2. Even an artist involved in making art, whether it is a painting or a symphony, is considered labor. The ERS Major Land Uses series is the longest running accounting of all major uses of public and private land in all 50 States. The state of technological progress can influence the total factors of production and account for any efficiencies not related to the four typical factors. Economists consider TFPto be the main factor driving economic growth for a country. A Fannie Mae. A. Mike has changed jobs six times in the past six months. 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? However, money is not a factor of production because it is not directly involved in producing a good or service. Agricultural Pasture, Rangeland and Grazing | US EPA Earthquake and volcanic action A longer mortgage loan term will: Result in lower monthly mortgage payments Building b. The other 75% came from an hourly wage paid by Tami. c. lien 47- Which of the following duties is not a permitted activity for an unlicensed personal assistant? a. 100 acres Which of the following types of investments has historically generated the highest return on investment? Negotiate agreements regarding commission structuring. 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 right of ingress and egress over the land of another person is call a: Which of the following is not one of those groups? Nicknames for Los AngelesA nickname is a shortened form of a person's a. D. Avoid negative comments while hes inside the home. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Increasingly, technology is responsible for the difference in efficiency among firms. 2. The U.S. land area covers nearly 2.3 billion acres. 73- Which of these is not a buying signal? ", Association for Advancing Automation. What does that mean? . 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. The cost of purchase of inventory does not include a. b. a description of the property using metes and bounds D. Have the prospects sign the disclosure about agency relationship. b. easement Within the software industry, labor refers to the work done by project managers and developers in building the final product. -pesticides kill prey thereby causing predators to starve or migrate. Under no circumstances, however, is labor owned by firms. c. meridian Which of these statements is true about the wraparound mortgage? 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? 20.6 What is the process by which a landowner increases his property due to the accumulation of alluvial deposits washed on to his property from other properties? In the 1970s, who developed uniform rules for mortgage underwriting? A survey would reveal all of the following about a property EXCEPT: 10. Agricultural Land Includes All of the Following Except Which D. All adjustable rate mortgages have negative amortization. A. Generates leads for new listings. c. an easement a. putting more land into production b. increasing the yield of land under cultivation. 4. B. While large companies make for excellent examples, a majority of companies within the United States are small businesses started by entrepreneurs. 34- Sarah is an employee and Ken is an independent contractor at Kerns Realty. Which law extended discrimination to include handicap and familial status? 36- Broker Eric secures a loan for buyer Paul. The federal financial institutions regulatory agencies directly involved in fair lending include all of the following EXCEPT. Lot Building area in Fiumicino (Roma) | Gobid.es 63- Jennys home appraised for $550,000. The broker will not provide any. It would be misleading if the appraiser did not disclose the existence of this structure in the report. Organisms at higher levels on food webs tend to have greater concentrations of bioaccumulated pesticide stored in their bodies through a process known as. Which of the following would NOT be considered a negative easement? After Facebook, the social media site, became popular and spread across campuses, it realized it needed to recruit additional employees. What Are the Most Important Aspects of a Capitalist System? 4 Factors of Production Explained With Examples - Investopedia D. I will distribute 200 business cards every month for the next six months. The cost of land typically includes the purchase price and all of the following costs except A) private driveways and parking lots. There are two main uses of agricultural land: arable farming (which is land dedicated to growing crops), and pastureland (which includes meadows and pastures used for livestock rearing). pheromone traps Which statement is TRUE regarding this situation? a. 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? Pastures are those lands that are primarily used for the production of adapted, domesticated forage plants for livestock. Finally, capital refers to the cash, equipment, and other assets needed to start or grow a business. has an increased likelihood of obesity, diabetes, and heart disease. She has an access right of way across the property of her neighbor Bob Smith for ingress, egress, and regress. Practice Questions with no Answers for Preview, >ALL Real Estate Practice Class Questions with Answers & most with Explanations. How many months inventory does this represent? 68- Greg and Joyce have an adjustable rate mortgage on their home. The four components of the Appraiser Qualification Criteria are: qualifying education, examination, experience, continuing education. 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. b. setback 10- Which of the following prospecting techniques do you have to use carefully because it has tended to upset people in recent years? A. 95- Who is liable for the withholding on the sale of a property owned by a foreigner? The home comes equipped with all furnishings. C2H5Br(alc)+OH(alc)C2H5OH(I)+Br(alc), is first order each in ethyl bromide and hydroxide ion. In capitalism, the factors of production are most often controlled by business owners and investors. For modern mainstream (neoclassical) economists, capital is the primary driver of value. 96- Which statement is not true about a listing contract? 59- Which of the following is a sellers request that an agent cannot honor? Increasing agricultural productivity across Sub-Saharan Africa is one of the most important problems this century, Area of land needed to meet global vegetable oil demand, Area of land needed to produce one tonne of vegetable oil, Cereal yields vs. tractor inputs in agriculture, Change in calorie production as a result of climate change impacts on crop yields, Change in cereal production, yield and land use. Last year, about 25% of his income came from sales commissions. The most common lease in agriculture is a land lease. A land owner is contemplating building a septic tank sewer system on his lot. A. I will complete the GRI certification in the next four years. c. recorded plat Which form of legal land description describes a parcel by enclosing it? Countries that are rich in human capital experience increased productivity and efficiency. TFA - Chapter 39 - Land, Building and Machinery - StuDocu Prove that Cf(z)dz=0\oint_{C} f(z) d z=0Cf(z)dz=0, where f is the given function and C is the unit circle z=1|z|=1z=1. 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? Which entity is responsible for making periodic changes to USPAP? 28- Abby applies for a federally-related loan to purchase a home. The median price of homes sold in your county nine months ago was $217,400. b. buyer . resistant to viral diseases, drought, heat, or herbicides. b. 75- All but which of the following is NOT an AIDA feature? Land: Includes undeveloped property, vacant land, and agricultural lands such as farms, orchards, ranches, and timberland. Another example of entrepreneurship is Starbucks Corporation (SBUX). 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. Understanding the kind of responses your advertising generates, D. Being able to anticipate the callers requirements. Which is NOT a requirement of a valid deed? 57- Under federal income tax law, the basis for a personal residence is which of the following: A. How much did Sam gain or lose on the sale? 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? 93- Jim has created a nice property flier for the James home. 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. Both types of leases involve different forms of a definite rental rate. "North American Robot Orders Fall 21% in 2008. c. the section lines must be clearly noted 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. a. government survey 40- Which of the following phrases should Salesperson Brenda avoid when writing an advertisement for one of her listings? ", Starbucks Coffee Corporation. On this page you can find all our data, visualizations and writing relating to crop yields. c. it is a document used to record the subdivision of land, 11. b. range A. What kind of mortgage are they looking for? Which statement is true ? Who has the dominant tenement in this situation? A. c. 66 feet Solved 1. The European state model includes all of the - Chegg What property type will he be dealing with? C. The loan term will extend gradually over time. \text{t} & \text{4} & \text{6} & \text{8} & \text{10} & \text{12} & \text{14} & \text{16}\\ This is an example of. Indicate whether each item is dis \end{matrix} In the above question, the increased value created by the assemblage is called: Crop yields might seem far from being one of the worlds largest problems. Department of Housing and Urban Development, C. Recorders Office in the county where the land is located. C. The date the lender receives her application. Depending on its type, an improvement may increase the value of real estate greatly. B. A lot measures 248.4 feet X 378.90 feet. a. a grant 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. d. private mortgage insurance, 26. if a property owner had a land survey done on his property it would include all of the following EXCEPT: For a group of early French economists called the physiocrats, who predated the classical political economists, land was responsible for generating economic value. What kind of a mortgage do they have? Electronic Data Interchange for transmitting appraisal reports became popular in the (date). Image by Sabrina Jiang Investopedia2020, Absorption Costing Explained, With Pros and Cons and Example, What Is an Amortization Schedule? Accounts payable (decrease). 37- When dealing with the sale of a business, which is not a true statement? Secure documents that are public information from the courthouse and other sources available to the public. "About Us.". Two years ago, you bought a property for $264,500. A personal vehicle used to transport family is not considered a capital good, but a commercial vehicle used expressly for official purposes is. Broker John puts $500 into his trust account. For the early political economists, labor was the primary driver of economic value. Economic Order Quantity: What Does It Mean and Who Is It Important For? 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? C. Parks. (a) 2.01020m2.0\times10^{-20}\;\mathrm{m}2.01020m B. 5 acres She has worked in multiple cities covering breaking news, politics, education, and more. C. Refuse to accept the offer and check. c. 200 acres The definition of factors of production in economic systems presumes that ownership lies with households, who lend or lease them to entrepreneurs and organizations. 42- Alice is planning her career and setting her goals. Deforestation can include clearing the land for farming or livestock, or using the timber for fuel . Practice Questions with no Answers for Preview, >Ch16-18 R.E. What kind of listing agreement does Alice have with Jack? A net listing is illegal in all states. Chapter 1 Flashcards | Chegg.com turnover is sales div The appraiser must avoid mentioning this structure in the report. narrow-spectrum pesticide because it focuses on killing specific organisms. This site is using cookies under cookie policy . What is the mean of the GRMs? During the time Sam owned the property he paid $350 per year in taxes, $150 per year on maintenance like grass cutting and $90 per year on miscellaneous expenses. The website with the largest amount of demographics information is, What is the median of the following set of gross rent multipliers? 5. What did it sell for per acre? b. the description is imperfect if it does not end at the point of beginning Explain the meaning of abov 5. 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 form of legal land description uses measures of definite distances in indicated directions? When he coded the minimum viable product himself, Zuckerbergs labor was the only factor of production. 88- Sally and Dan must pay 2 points on their new $65,000 loan. Skilled and trained workers are called human capital and are paid higher wages because they bring more than their physical capacity to the task. We also reference original research from other reputable publishers where appropriate. The borrower makes payments of interest only over the term of the loan. Availability of multiple listing service, C. Broker-paid advertising and promotion, D. Assistance with filling out disclosures. D. Amanda smiles at Jim when she sees the whirlpool tub. 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? b. Then the prey population rebounds larger than before since predators are gone Natural resources, such as oil and gold, can be extracted and refined for human consumption from the land. Her broker has asked her to be available for tasks in the field rather than in the office. B. 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. USDA ERS - Data Feature: How Is Land Used These include any resource needed for the creation of a good or service. c. 8.4 You want to insure it for 80% of value. 77- Which of the following Internet pages might not be of particular interest to buyers? , ided by total investment.. total investment is current assets (inventories, accounts receivables and cash) plus fixed assets. Depreciation. a. recorded plat, us government survey, and street address. d. 640 acres, 38. How Do Factor Endowments Impact a Country's Comparative Advantage? 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? A. An open listing is an exclusive contract. B. I will do two practice listing presentations per week with an experienced agent for the next two months. 87- What information can you gather from the newspaper to help develop a Prospecting Plan? 29- Which of the following is not a good direct mail technique? d. a setback, 12. crop rotation What would we call Hannah? Help us do this work by making a donation. Sharon and Steve have just taken a second mortgage on their home. Property Owner A has the right to develop his property into 10 lots. 34- Sarah is an employee and Ken is an independent contractor at Kerns Realty. A property owner on a river or creek is said to have which type of rights? If pesticide from a farm runs off into Lake Michigan, which organism in the lake's food chain would test highest for the pesticide? Purchase price b. c. in each township section 7 is south of section 6. d. there are 36 sections in a township. Agricultural land includes all of the following EXCEPT which? 15- Karen and Al obtained a 30-year fixed-rate, fully amortized loan when they purchased their home. C. Theyre probably paying a higher interest rate on the second mortgage. What are the Factors of Production - Federal Reserve Bank of St. Louis B. How would Grants lease at this time be classified? Which of the following is Kirk himself not likely to do during the application process? Production, such as manufacturing, can be tracked by certain indexes, including the ISM manufacturing index. You have found comparable sales of rural land parcels that indicate the following sale prices per acre: ($930, $775, $1202, $995, $1612, $906). D. The first and second mortgage will be rolled into one. D. An exclusive listing must always be at least 30 days long. 8- When considering making a loan to a borrower, which of the following factors would probably exert the least amount of influence on the lender? Crop yields might seem far from being one of the world's largest problems. Give the prospects a black copy of a purchase agreement to look over. C) street lights, sewers, and drainage systems cost. b. a parcel of land is 1/8 mile by 1/8 mile is 40 acres. 86- Which of the following is not considered a benefit of investing in real estate? 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? C. Broker Harry deposits $1000 into his brokerage business account. Which of the following statements is true? d. benchmark, 30. C. The seller did not disclose the problem on a sellers disclosure form so Pam is off the hook. b. a parcel of land is 1/8 mile by 1/8 mile is 40 acres. You want to buy a house for $243,500. B. 49- Agent Dan tells his buyers that the seller will leave the washer and dryer if the buyers make an offer now. A. 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. A. What is the mean sale price? Which statement is true? B. "IFR Presents World Robotics Report 2020. d. accretion, 36. a triangular lot with a base of 300 ft on the street contain 10,000 sq yards What is the depth of the lot? The introduction of technology into a labor or capital process makes it more efficient. A Bill of Sale gives title to the business equipment. C. Analyzing the income potential of the property. The second mortgage has now become the primary loan. Estimate its value. 9- Which California Fair Housing Law Prohibits discrimination based on sexual orientation of source of income? Practice Questions with no Answers for Preview, >Ch4-6 R.E. b. dedication c. contribution 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. e statement and outline the possible factors that could determine the contextual Variations in the manifestation of entrepreneurship. A. D. The interest payment is always smaller then the amount allocated to the principal. Course Review Quiz Flashcards by Taylor Shimp | Brainscape 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? d. an easement, a. the water rights reserved by a previous owner, 14.
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