agricultural land includes all of the following except which

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? B. Sharon and Steve have just taken a second mortgage on their home. What is the purpose of a states statute of frauds? Secure documents that are public information from the courthouse and other sources available to the public. The appraisal standards and qualification criteria promulgated by the boards of The Appraisal Foundation achieves legal authority by adoption, citation or implementation by, government agenciesthe U.S Congress onlyFannie Mae and Freddie MacGinnie Mae. Similarly, the use of kiosks in self-serve restaurants can help firms cut back on their labor costs. How much will you have to deliver to closing to cover both the down payment and the loan points? b. reliction A. What should Tom do? 2240 acres The main cause of undernutrition and food insecurity globally is lack of available food. a. b. accretion While land is an essential component of most ventures, its importance can diminish or increase based on industry. 41- Agricultural land includes all of the following EXCEPT which? Farm and agricultural land can also include: land that is compatible with agricultural purposes and used incidentally for those purposes, not to exceed 20% of the classified land; land on which appurtenances necessary for the production, preparation, or sale of agricultural products if it is in conjunction with the land producing the products; a Information on current loan programs. C. Parks. A column of townships running North and South is called a: HINT: Round the acreage amount to two decimal places, An appraisal report is defined as the ____________ communication of an appraisal; the document transmitted to the __________upon completion of an appraisal assignment.. d. a showing of the property's boundaries to scale, a. an identification of the grantor and grantee, 27. Because of their low clay content, sandy soils are often referred to as "light soils.". All of the following would be considered improvements to land EXCEPT. B. For example, an accountants job requires the analysis of financial data for a company. The home comes equipped with all furnishings. B. Ken must obtain his own training. B. Pleases the sellers by inv=creasing activity. B. 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. The purchase price, plus improvements, C. The fair market value at the time of sale. the appraisers value opinionthe borrowers estimate of valuethe square footage of the homenone of these. To that end, technologylike moneyis a facilitator of the factors of production. He pays rent for occupancy, plus maintenance and operating expenses. a. each check contain 16 townships who four boundaries each measure 6 miles Practice Questions with no Answers for Preview, >Ch4-6 R.E. For a group of early French economists called the physiocrats, who predated the classical political economists, land was responsible for generating economic value. He says to them, Would you prefer to take possession on September 1 or October 1? What kind of closing technique is Harry using? A. You have found comparable sales of rural land parcels that indicate the following sale prices per acre: ($930, $775, $1202, $995, $1612, $906). The value of the property the borrower wants to purchase, D. The neighborhood in which the property is located. The lender in case of the borrowers death, C. The lender against delinquent payments, D. The lender in case of the borrowers default. What will they have to pay at closing for the points? Land as a factor of production can mean agriculture and farming to the use of natural resources. a. the water rights reserved by a previous owner A. However, money is not a factor of production because it is not directly involved in producing a good or service. where c=h/mc\lambda_c=h / m cc=h/mc is the Compton wavelength of the electron and =ke2/c\alpha=k e^2 / \hbar c=ke2/c is the finestructure constant. b. to protect against encroachments But that is a theoretical construct and rarely the case in practice. 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. c. an easement a. a radon level test 82- What is the minimum period of time over which the owner of an apartment building can depreciate the improvements? b. setback c. accretion 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. A basic homeowner's insurance policy would protect all of the following EXCEPT which one: fire & lightning, earthquake and volcanic action, windstorm and hail, water damage caused by a leaking pipe? 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. Calculate the de Broglie wavelength associated with a helium-4 atom (4.00 amu) moving at 3.0106m/s3.0\times10^6\;\mathrm{m/s}3.0106m/s. 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 . As a factor of production, capital refers to the purchase of goods made with money in production. 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. What does that mean? d. assemblage, 39. A. Ken is responsible for his own taxes, while the broker pays Sarahs. The buyer was responsible for making the discovery, so Pam is therefore liable. Practice Questions with no Answers for Preview, >ALL Real Estate Practice Class Questions with Answers & most with Explanations. d. all of the above, Arizona Real Estate "Escrow and Closing B-7", Real Estate Test National Portion B1-B9 Exam, Fundamentals of Engineering Economic Analysis, David Besanko, Mark Shanley, Scott Schaefer. - bioaccumulation of pesticides in animal tissue can lead to extinction of species 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. a. Fannie Mae FDIC OCC FRB. Which is the fullest and most complete type of estate? Which is NOT a requirement of a valid deed? The length of the front of a lot on the street is referred to as the lot's: D. The appraised value prior to sale 19- Which of the following is not an advantage of hosting an open house? 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). What did it sell for per acre? The factors of production include land . c. 400 ft A. a. recorded plat, us government survey, and street address. When, is 0.100 M, the rate of disappearance of ethyl bromide is, 1.7107M/s1.7 \times 10 ^ { - 7 } \mathrm { M } / \mathrm { s } b. buyer Deforestation is the permanent removal of trees to make room for something besides forest. 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. c. recorded plat Economists consider TFPto be the main factor driving economic growth for a country. 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? 63- Jennys home appraised for $550,000. a. 4. Sustainable land use can help to reduce the impacts of agriculture and livestock, preventing soil degradation and erosion and the loss of valuable land to desertification. D. Amanda smiles at Jim when she sees the whirlpool tub. C. Identifies buyers for other properties. Which countries are overapplying nitrogen without gains in crop yields? Except for labor, ownership for factors of production varies based on industry and economic system. c. lot, block, and subdivision This is further explained below. d. annexation, 32. b. C. Tangible assets transferred in the sale include inventory, fixtures and equipment. A. Installation of central air conditioning, D. Addition of a tenant laundry facility. a. easement 6. has an increased likelihood of obesity, diabetes, and heart disease. He sells this right to nearby Property Owner B who wishes to develop his property into additional lots. A. Greg Burns is selling his interest in his home to his wife Melanie as part of their divorce settlement. a. metes and bounds "IFR Presents World Robotics Report 2020. Please consult our full legal disclaimer. 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. . Those who control the factors of production often enjoy the greatest wealth in a society. Prices of properties currently on the market, C. Properties that were listed but did not sell. B. 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. 57- Under federal income tax law, the basis for a personal residence is which of the following: 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? c. to protect against liens California: Real Estate Practice Sample of Final Course Exam, Answers will be revealed with the correct subscription. D. Their lender can profit from the difference in interest rates. Each of these requires significant real estate and capital investments. 27- Mr. and Mrs. Haley are purchasing beachfront property in an upscale development. Depending on the context, some factors of production might be more important than others. d. a setback, 12. b. setback 106- If broker Tim advertises a property for sale that he doesnt intend to sell so that he can attract potential buyers, Tim is practicing: >Example Final Exam for R.E. International (Global) Trade: Definition, Benefits, Criticisms. This is further explained below. 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? b. the boundaries of the property b. conformity D. The monthly payments increase overtime. b. recorded plat, street address, and metes and bounds c. sections C. Payments will not be enough to retire the loan. In some cases, all you need is a piece of land that's not currently being used. On the other hand, land is the most significant investment for a real estate venture. Image by Sabrina Jiang Investopedia2020, Absorption Costing Explained, With Pros and Cons and Example, What Is an Amortization Schedule? But, if yields and labor productivity do not increase it will have far-reaching consequences for global poverty, and protection of the environment. Which of the following best describes a plat? C. Jim and Amanda whisper and frown when they see the basement. Our World in Data is free and accessible for everyone. You can learn more about the standards we follow in producing accurate, unbiased content in our, The Evolution of Accounting and Accounting Terminology. 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? $5,500 the first year, plus a maximum 2% increase in market value per year, B. 61- Bill and Sue secured a mortgage loan that is tied to an index which fluctuates over the life of the loan. Give the prospects a black copy of a purchase agreement to look over. 6- According to California real estate law, how often must a broker balance his or her trust accounts? 103- Kirk and Sandy obtained a wraparound mortgage. 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. Twenty years ago, most appraisal reports that were sent electronically were sent using _____ technology; today, most appraisals are sent electronically using a _______ format. B. C. Theyre probably paying a higher interest rate on the second mortgage. Purchase price b. Indicate whether each item is dis Why Are the Factors of Production Important to Economic Growth? 44- Jim owns a gift shop in a commercial building. B. However, during periods of economic expansion, they invest in new machinery and equipment to bring new products to market. A. 91- This paragraph of the purchase agreements informs the seller of the buyers right to inspect the property and can cancel or request maintenance based on findings. Which statement is true? What is the median price of homes today? Even an artist involved in making art, whether it is a painting or a symphony, is considered labor. Variable Cost: What It Is and How to Calculate It, Work-in-Progress (WIP) Definition With Examples, Write-Offs: Understanding Different Types To Save on Taxes, Year-Over-Year (YOY): What It Means, How It's Used in Finance, Zero-Based Budgeting: What It Is and How to Use It, Marxism: What It Is and Comparison to Communism, Socialism, and Capitalism, What Is Productivity and How to Measure It Explained, Fragmentation: Definition, Examples, Pros and Cons in Business, Social Entrepreneur: Definition and Examples, Circular Flow Model Definition and Calculation, Absolute Advantage: Definition, Benefits, and Example, Sustaining Chinas Economic Growth After the Global Financial Crisis, The Industrial Robotics Industry in China: Demand and Domestic Innovation, North American Robot Orders Fall 21% in 2008. 31- Patrick has a written independent contractor agreement with his broker Tami. D. Offer something valuable to the reader. 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. . 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? Earthquake and volcanic action A longer mortgage loan term will: Result in lower monthly mortgage payments 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. A. 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 second mortgage has now become the primary loan. 92- Which of the following situations is not exempt from the seller disclosure requirement? 88- Sally and Dan must pay 2 points on their new $65,000 loan. a. erosion As such, factors of production, such as land and capital, are owned and regulated by the community as a whole under socialism. Which of these factors would result in a violation of USPAP if the appraiser based his or her appraisal fee on it? 14- Value includes which of the following aspects? The factors of production are an important economic concept outlining the elements needed to produce a good or service for sale. A potential benefit of genetic engineering is the development of crop plants. 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. 10- Which of the following prospecting techniques do you have to use carefully because it has tended to upset people in recent years? What kind of loan do they have? What do you call the process by which a land owner loses land by a sudden or violent act of nature? Negotiate agreements regarding commission structuring. c. us government survey, PO box, and metes and bounds d. benchmark, 30. The recent trend of U.S. prime farmland has been a loss of 160,000 hectares per year. Insurance will cost $6.00 per thousand per year. The majority of GM crops in the United States are regulated by the United States Department of Agriculture. returns on investment is computed in the following manner. A net listing is illegal in all states. 100- What does the Real Estate Disclosure Law refer to? real estatesavings accountmoney market fundcertificate of deposit. A. A lot measures 178 feet by 464 feet. a. putting more land into production b. increasing the yield of land under cultivation. D. A basis of $140,000 and no taxable gain. Your property, which consists of a house and lot, is valued at $244,000. B. tomatoes contain a soybean's gene for disease resistance. B. It does not include land that is predominantly under agricultural or urban land use. The World Bank divides the world into four groups. 2. A farm described as the SW 1/4 of the NW 1/4 of section 7 and the W 1/2 section 8 is how many acres? How much will your insurance cost per month? Which is a true statement? By increasing crop yields we can reduce the amount of land we use for agriculture. Practice Questions with no Answers for Preview, >Ch16-18 R.E. 65- Which of the following items is usually not prorated at closing? Gradual declines have occurred in cropland and pasture . Required Information and Example, Retained Earnings in Accounting and What They Can Tell You, Revenue Recognition: What It Means in Accounting and the 5 Steps. ", Starbucks Coffee Corporation. C) street lights, sewers, and drainage systems cost. A. Challenges facing U.S. agriculture include all of the following except decline in prime farmland decline in numbers of domesticated plant varieties addressing habitat fragmentation improving crop and livestock yields 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? Help us do this work by making a donation. Which statement is true? Estimate its value. In capitalism, the factors of production are most often controlled by business owners and investors. b. riparian Because entrepreneurs are vital for economic growth, countries are creating the necessary framework and policies to make it easier for them to start companies. Sustainable agriculture encourages the use of antibiotics to prevent disease. Both types of leases involve different forms of a definite rental rate. 1. d. an easement, a. the water rights reserved by a previous owner, 14. c. easement b. a parcel of land is 1/8 mile by 1/8 mile is 40 acres. Depending on the specific circumstances, one or more factors of production might be more important than the others. c. lot, block and subdivision A. The state of technological progress can influence the total factors of production and account for any efficiencies not related to the four typical factors. What is the meaning of T(12)?T^{\prime}(12) ?T(12)? 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. Under the current qualification criteria, an applicant for Appraiser Trainee must have completed ___ creditable hours of experience. The cost of purchase of inventory does not include a. c. front footage 4 rods A social entrepreneur is a person who pursues an innovative idea with the potential to solve a community problem. Real Estate includes all of the following except: Property rights. Get started for free! 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? It would be misleading if the appraiser did not disclose the existence of this structure in the report. Under no circumstances, however, is labor owned by firms. a. seller The cash rent lease and the crop-share lease are the two most frequently used land leases in agriculture. C. They can make payments directly to the original lender. 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. 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. However, commentators sometimes refer to labor and capital as the two primary factors of production. Brainscape helps you realize your greatest personal and professional ambitions through strong habits and hyper-efficient studying. (b) 3.31011m3.3\times10^{-11}\;\mathrm{m}3.31011m D. Allows viewing access to strangers. Electronic Data Interchange for transmitting appraisal reports became popular in the (date). 22- Jane sold her personal home for $148,000. 4. There are currently 180 houses for sale in this market. The broker will not provide any. A. Derive an expression for the gravitational potential energy of a system consisting of Earth and a brick of mass m placed at Earths center. habitiat fragmentation, none, these are all problems associated with industrial agriculture. What Is a Sunk Costand the Sunk Cost Fallacy? All of the following statements about the US government survey system are true except: Crop yields might seem far from being one of the worlds largest problems. 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. f(z)=z3z2+2z+2f(z)=\frac{z-3}{z^{2}+2 z+2}f(z)=z2+2z+2z3. sewers; crops; buildings; roads 80- Which of the following is an example of commingling? It must be in writing to be enforceable. b. 7- In the initial meetings with the prospects, the agent should do all of the following except which? The modern definition of factors of production is primarily derived from a neoclassical view of economics. 48- The public report that a developer must provide when offering subdivided lands for sale is provided by which agency? 4. the point of beginning is associated with: 5. Some common land or natural resources are water, oil, copper, natural gas, coal, and forests. [2] [3] It is generally synonymous with both farmland or cropland, as well as pasture or rangeland . Two months later she purchased and moved into a new home that cost $145,000. A. In the 1970s, who developed uniform rules for mortgage underwriting? 98- Grant moves into his new office space while he awaits the completion of the negotiations of the lease terms. 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. 50- Harry has some buyers that he believes are ready to make an offer. 67- Hannah is a real estate assistant. He paid $100,000 for it, and made $300,000 worth of improvements. What will the new owners pay in property taxes? a) construct an influence diagram that relates these variables When citing this topic page, please also cite the underlying data sources. Practice Questions with no Answers for Preview, >Practice Exam for R.E. 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. c. Lot 2 block M, Lincoln wood subdivision, missoula country, MT 59802 It is important to distinguish personal and private capital in factors of production. The simplot house, Brentwood Subdivision, Sun Rose township, Great Falls MT 59405 Depreciation. c. the section lines must be clearly noted Find and create gamified quizzes, lessons, presentations, and flashcards for students, employees, and everyone else. d. encroachment, 13. You apply for a mortgage. The metes and bounds form of land description uses: 2. a township contains how many square miles? A. For modern mainstream (neoclassical) economists, capital is the primary driver of value. Department of Housing and Urban Development, C. Recorders Office in the county where the land is located. This analysis can only be applied if there are no existing improvements. b. the description is imperfect if it does not end at the point of beginning 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. D) grading, filling, draining, and clearing costs. Factors of production are the inputs needed for creating a good or service, and the factors of production include land, labor, entrepreneurship, and capital. This is called: Practice Questions with no Answers for Preview, >CALIFORNIA REAL ESTATE PRACTICE PRELICENSE CLASS, >CALIFORNIA LEGAL ASPECTS OF REAL ESTATE PRELICENSE CLASS, >ALL Questions with Answers for ALL 3 PreLicense Classes Guides on 1 page, >CALIFORNIA Fair Housing & Fair Housing with Role-Play Activity CE CLASSES Questions with Answers, >CALIFORNIA Fair Housing & Fair Housing with Role-Play Activity CE CLASSES Questions with no Answers for Preview, >CALIFORNIA Fair Housing & Fair Housing with Role-Play Activity CE CLASSES OVERVIEW, >CALIFORNIA Ethics CE CLASS Questions with Answers, >CALIFORNIA Ethics CE CLASS Questions with no Answers for Preview, >CALIFORNIA Ethics in the Age of Disruption CE CLASS Questions with Answers, >CALIFORNIA Ethics in the Age of Disruption CE CLASS Questions with no Answers for Preview, >CALIFORNIA Ethics in the Age of Disruption CE CLASS OVERVIEW, >CALIFORNIA NAR: May The Code Be With You CE CLASS Questions with Answers, >CALIFORNIA NAR: May The Code Be With You CE CLASS Questions with no Answers for Preview, >CALIFORNIA NAR: May The Code Be With You CE CLASS OVERVIEW, >Real Estate Practice Class Questions with no Answers for Preview (ALL R.E. For the early political economists, labor was the primary driver of economic value. c. There are 36 sections in a township What is the median of these indications? Browse over 1 million classes created by top students, professors, publishers, and experts. How much will your insurance cost per month? A. B. I will do two practice listing presentations per week with an experienced agent for the next two months. For example, a technology company can easily begin operations with zero investment in land. 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 )

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