Her broker has asked her to be available for tasks in the field rather than in the office. Jim should not use this flier as a: 94- Sellers agent Pam was unaware of the fact that the heating system of a home she had listed was defective. B. 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. The UCC is a body of law that standardizes a number of business practices. The price expected for a whole property, e.g., a house, or a part of a property, e.g., a plumbing fixture, that is removed from the premises usually for use elsewhere is the definition of ____________ value. 53- Greg sold an apartment building he owned for 20 years. Broker John puts $500 into his trust account. c. in each township section 7 is south of section 6. d. there are 36 sections in a township. A. These claims are overblown, but soil erosion is a problem and we can do something about it. For example, private enterprises and individuals own most of the factors of production in capitalism. Which entity is responsible for making periodic changes to USPAP? 33- Which statement is true about a loan that has a negative amortization? Which of the following statements is true? He just sold it for $13,000. 105- Agent Alice has received an offer that she believes is not in the sellers best interest. A Fannie Mae. 30.4 "About Us.". 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? As such, factors of production, such as land and capital, are owned and regulated by the community as a whole under socialism. How much cropland has the world spared due to increases in crop yields? Which of the following would be considered an intermediate goal? The buyer was responsible for making the discovery, so Pam is therefore liable. 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. b. the description is imperfect if it does not end at the point of beginning Each of these requires significant real estate and capital investments. 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. Accounts payable (decrease). The main cause of undernutrition and food insecurity globally is lack of available food. D. Write advertisements and promotional materials with the approval of the licensee and supervising broker. 97- Buyer Randy makes an offer to purchase one of Broker Toms listings on June 15. A. Proceeds from issuance of stock. How Do Factor Endowments Impact a Country's Comparative Advantage? Improvements in crop yields have been essential to feed a growing population, while reducing the environmental impact of food production at the same time. Cultivation of crops on land by farmers increases its value and utility. When comparing printers, make sure to compare the cost per. a. each check contain 16 townships who four boundaries each measure 6 miles A. Mike has changed jobs six times in the past six months. How much will your insurance cost per month? The lender must furnish a copy of the CFPB booklet to Abby no later than the third business day from which date? California: Real Estate Practice Sample of Final Course Exam, Answers will be revealed with the correct subscription. c. 25 acres b. riparian 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. The costs of conversion of inventory include all of the following, except a. D. Their loan payments will gradually increase. 4. 7- In the initial meetings with the prospects, the agent should do all of the following except which? Who will pay the points? 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? D. The date Abby makes the request to receive the booklet. When estimating the value of a fireplace in a single-family home, the most important principle is the principle of, changesubstitutionincreasing and decreasing returnscontribution, Normally the first step in highest and best use analysis is to research the uses that are, socially acceptablefinancially possiblelegally permissiblemaximally productive. Which is the fullest and most complete type of estate? What Is Depreciation, and How Is It Calculated? How many owners are there? 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. C. Have keys made for company listings. Which statement is true? soil erosion a. a series of wire links each 7.92' long What is the key feature of this type of loan? Meanwhile, a company that makes its money from building and renting out office space might see land and capital as its most valuable factors. Lots and blocks are appox. For a group of early French economists called the physiocrats, who predated the classical political economists, land was responsible for generating economic value. If you apply for the loan, how much can your maximum monthly payment be? Earthquake and volcanic action A longer mortgage loan term will: Result in lower monthly mortgage payments Whoever brings the buyer will get the commission. 1.7107M/s. When appraising an income producing property, you have the following GRMs indicated from comparable sales (122, 159, 132, 126, 122, 173, 152, 126). All of the following are similarities between undernutrition and overnutrition except, both involve lack of access to sufficient daily calories. How many months inventory does this represent? C. It creates an agency relationship. 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. The land that is least conducive to agriculture is sandy soil. What is the purpose of a states statute of frauds? a. metes and bounds He says to them, Would you prefer to take possession on September 1 or October 1? What kind of closing technique is Harry using? Another example of entrepreneurship is Starbucks Corporation (SBUX). Here are all the sales in your area in the last 4 months. Along the same lines, desks and chairs used in an office are also capital. All of these factors contribute to the food shortages in Developing countries except, increased mortality of infants and children. C. The seller did not disclose the problem on a sellers disclosure form so Pam is off the hook. c. recorded plat Derive an expression for the gravitational potential energy of a system consisting of Earth and a brick of mass m placed at Earths center. Then the prey population rebounds larger than before since predators are gone All of our charts can be embedded in any site. During this interim period, grant makes monthly rent payments and the owner accepts them. "The Industrial Robotics Industry in China: Demand and Domestic Innovation. Double-Declining Balance (DDB) Depreciation Method Definition With Formula. b. dedication Electronic Data Interchange for transmitting appraisal reports became popular in the (date). D. Avoid negative comments while hes inside the home. 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? 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. real estatesavings accountmoney market fundcertificate of deposit. Labors transaction with firms is based on wages. What is the area of the ranch? The federal financial institutions regulatory agencies directly involved in fair lending include all of the following EXCEPT. You want to insure it for 80% of value and the annual insurance premium will cost $5.75 per thousand. What is the mean of the GRMs? b. 4. c. us government survey, PO box, and metes and bounds 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. These include white papers, government data, original reporting, and interviews with industry experts. C2H5Br(alc)+OH(alc)C2H5OH(I)+Br(alc), is first order each in ethyl bromide and hydroxide ion. A. I will complete the GRI certification in the next four years. tT4486468511057126214681671. a. 1. 61- Bill and Sue secured a mortgage loan that is tied to an index which fluctuates over the life of the loan. 43- The Equal Credit Opportunity Act (ECOA) requires lenders to: A. 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. Why Are the Factors of Production Important to Economic Growth? D. Pam is has no duty to investigate and may rely on the opinion of a heating professional or home inspector. While large companies make for excellent examples, a majority of companies within the United States are small businesses started by entrepreneurs. Yarilet Perez is an experienced multimedia journalist and fact-checker with a Master of Science in Journalism. Practice Questions with no Answers for Preview, >Ch16-18 R.E. It sold for $80,000. 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. 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. I will distribute 200 business cards every month for the next six months. B. Buyer Jim asks if he can visit the property for a second time. A business engaged in agriculture or farming as defined in MGL. What kind of mortgage are they looking for? Finally, capital refers to the cash, equipment, and other assets needed to start or grow a business. It is determined by who pays the compensation. [2] [3] It is generally synonymous with both farmland or cropland, as well as pasture or rangeland . They sold for: $178,500; $166,000; $172,750; $182,000; $168,000; $174,000; $176,000; $184,000; $170,000; $175,000; $172,000; $181,500. a. townships a. a radon level test Who is responsible for appointing members to the ASB and AQB? b. 41- Agricultural land includes all of the following EXCEPT which? What is the median of these numbers: 19, 11, 64, 36, 81, 22, 35, 95? The interest rate will increase gradually over time. B. C) street lights, sewers, and drainage systems cost. D. An exclusive listing must always be at least 30 days long. 3. a plat map is used in which type of legal description? What does that mean? Increasingly, technology is responsible for the difference in efficiency among firms. In economics, capital typically refers to money. Which of the following types of agriculture is correctly matched with the agricultural practice? 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. A lot measures 248.4 feet X 378.90 feet. The circular flow model of economics shows how money moves through an economy in a constant loop from producers to consumers and back again. A. d. 1/2 mile, 22. Twenty years ago, most appraisal reports that were sent electronically were sent using _____ technology; today, most appraisals are sent electronically using a _______ format. earnings equal sales minus the cost of sales The metes and bounds form of land description uses: 2. a township contains how many square miles? A. Housing and Community Development Act. His depreciation was $2,500 per year. 100- What does the Real Estate Disclosure Law refer to? 63- Jennys home appraised for $550,000. The home comes equipped with all furnishings. Two months later she purchased and moved into a new home that cost $145,000. a. All of the following statements about sections as defined in the US government survey system are true EXCEPT: a. a section is 640 acres. 51- Which statement is true about a homeowners exemption? Real Estate includes all of the following except: Property rights. The U.S. land area covers nearly 2.3 billion acres. The four agents of production are land, ________, capital, and _____________. \text{T} & \text{48} & \text{46} & \text{51} & \text{57} & \text{62} & \text{68} & \text{71}\\ c. an easement 60- Seller Tom has an agreement with Broker Bill, Broker Jim and Broker Joe. D. Allows viewing access to strangers. D) grading, filling, draining, and clearing costs. A. Estimate its value. It amalgamates past approaches to economic theory, such as the concept of labor as a factor of production from socialism, into a single definition. The ERS Major Land Uses series is the longest running accounting of all major uses of public and private land in all 50 States. 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? 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. A. Greg Burns is selling his interest in his home to his wife Melanie as part of their divorce settlement. 64- Which of the following is not a form of personal advertising? 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. A. c. reliction A. D. Exclusive-authorization-and-right-to-sell agreement. Which is a true statement? 300 ft d. mete, 23. 3- A property manager can refuse to rent to applicant Mike for any of the following reasons except which? You have permission to use, distribute, and reproduce these in any medium, provided the source and authors are credited. A Bill of Sale gives title to the business equipment. How long does he have to file a complaint with the Department of Housing and Urban Development?