Who will pay the points? B. Cultivation of crops on land by farmers increases its value and utility. ", Starbucks Coffee Corporation. "North American Robot Orders Fall 21% in 2008. John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, David N. Shier, Jackie L. Butler, Ricki Lewis, Nursing Fundamentals- Medication Administrati. 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. B. b. Use these expressions to check the numerical values of the constants a0a_0a0 and E1E_1E1. Ask the buyers to sign a real estate transfer disclosure statement. Which form of legal land description uses measures of definite distances in indicated directions? Electronic Data Interchange for transmitting appraisal reports became popular in the (date). Deposit the check into his trust fund account on the next business day. 96- Which statement is not true about a listing contract? Absolute advantage allows an entity to produce a greater quantity of the same good or service with the same constraints than another entity. c. 200 acres 78- Nancy bought her home last year for $425,000. c. in each township section 7 is south of section 6. d. there are 36 sections in a township. A. Labor by an uneducated and untrained worker is typically paid at low prices. A. 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. A lot measures 248.4 feet X 378.90 feet. 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. These include white papers, government data, original reporting, and interviews with industry experts. Today, capital and labor remain the two primary inputs for processes and profits. A Bill of Sale gives title to the business equipment. This can result in a transformation of factors of production for entire industries. Crop yields might seem far from being one of the worlds largest problems. c. an encroaching elm tree A. What is the meaning of T(12)?T^{\prime}(12) ?T(12)? Your property, which consists of a house on a lot, is valued at $186,000. C. Theyre probably paying a higher interest rate on the second mortgage. Browse over 1 million classes created by top students, professors, publishers, and experts. What kind of mortgage are they looking for? C. Payments will not be enough to retire the loan. c. easement 36- Broker Eric secures a loan for buyer Paul. a. erosion d. The Jones farm 13 miles west of Clinton, MT, c. Lot 2 block M, Lincoln wood subdivision, missoula country, MT 59802, 31. d. 2.5 square miles, 15. Which is a true statement? 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? 81- Jake has decided to specialize in working with clients who purchase schools. closed in the operating activities (O), investing activities (I), or financing activities (F) section of the statement or use (NA) if the item does not appear on the statement. Your income is $1,472 every two weeks. gives the FBI jurisdiction over state authorities in certain casesprohibits fraud in real estate transactionsestablishes penalties for any criminal activitiesrequires certain documents to be in writing, prohibits fraud in real estate transactions. Get started for free! sewers; crops; buildings; roads 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 Property rights are part of real property, not real estate, The ownership interest held by the lessor, which includes the right to receive the contract rent specified in the lease plus the reversionary right when the lease expires is the definition of. 64- Which of the following is not a form of personal advertising? a. putting more land into production b. increasing the yield of land under cultivation. C. Parks. What kind of loan do they have? 60- Seller Tom has an agreement with Broker Bill, Broker Jim and Broker Joe. 42- Alice is planning her career and setting her goals. b. accretion In some cases, all you need is a piece of land that's not currently being used. A. soil erosion A basis of $148,000 and no taxable gain, B. 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? Which of these factors would result in a violation of USPAP if the appraiser based his or her appraisal fee on it? How would Grants lease at this time be classified? B. 100- What does the Real Estate Disclosure Law refer to? 57- Under federal income tax law, the basis for a personal residence is which of the following: A. The factors of production are land, labor, capital, and entrepreneurship. 48- The public report that a developer must provide when offering subdivided lands for sale is provided by which agency? c. front footage Those who control the factors of production often enjoy the greatest wealth in a society. b. setback In zoning, the distance from the street to the front of a house is called: c. contribution These claims are overblown, but soil erosion is a problem and we can do something about it. This is called: Generally, Light, warm, dry, sandy soil that is acidic and deficient in nutrients is what you may expect to find in a typical climate. The interest rate will increase gradually over time. 19- Which of the following is not an advantage of hosting an open house? A property owner on a river or creek is said to have which type of rights? The borrower makes payments of interest only over the term of the loan. While not directly listed as a factor, technology plays a vital role in influencing production. She sold the property and several months later the buyer sued Pam for not disclosing the problem. c. identifying new food sources d. increasing food imports e. all of the above e. all of the following are aspects of commerical agriculture except: a. a heavy reliance on machinery limited use of pesticides, Which of the following is not a problem associated with industrial agriculture? 69- According to ECOA, lenders cannot discriminate against potential borrowers on the basis of all but which of the following? Pastures are those lands that are primarily used for the production of adapted, domesticated forage plants for livestock. The purchase price, plus depreciation Along the same lines, desks and chairs used in an office are also capital. Department of Housing and Urban Development, C. Recorders Office in the county where the land is located. B. d. recorded plat, us government survey and metes and bounds, d. recorded plat, us government survey and metes and bounds, 18. Which of the following is Kirk himself not likely to do during the application process? What kind of closing technique is Jim using? 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. 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.. What Is Depreciation, and How Is It Calculated? Jason Fernando is a professional investor and writer who enjoys tackling and communicating complex business and financial problems. 80- Which of the following is an example of commingling? real estatesavings accountmoney market fundcertificate of deposit. yields at a global level following the pattern established over the past five decades will not be sufficient to meet food needs. They are commonly broken down into four elements: land, labor, capital, and entrepreneurship. Agricultural land includes all of the following EXCEPT which? 8. 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. It sold for $80,000. A facade easement is a type of_______________ easement. How many acres is that? [2] [3] It is generally synonymous with both farmland or cropland, as well as pasture or rangeland . a. redemption D. The date Abby makes the request to receive the booklet. Increasingly, technology is responsible for the difference in efficiency among firms. All of these factors contribute to the food shortages in Developing countries except, increased mortality of infants and children. 45- Kirk wants to get an FHA loan. How many acres are there is the described property? What Are the Most Important Aspects of a Capitalist System? All other material, including 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. Business Accounting 1. b. conformity ", Association for Advancing Automation. 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: 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. a. metes and bounds C. If the selling agent does not deal directly with the seller, the selling agent is not required to provide the disclosure. To that end, technologylike moneyis a facilitator of the factors of production. 37- When dealing with the sale of a business, which is not a true statement? When comparing printers, make sure to compare the cost per. But that is a theoretical construct and rarely the case in practice. B. d. annexation, 32. C. The seller did not disclose the problem on a sellers disclosure form so Pam is off the hook. 7. In conclusion, The term "permanent cropland" includes wooded plantations used to harvest fruit but excludes tree farms and true forests utilized for wood or lumber. How much will your insurance cost per month? 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. She has worked in multiple cities covering breaking news, politics, education, and more. Economic Order Quantity: What Does It Mean and Who Is It Important For? 4 rods b. recorded plat resistant to viral diseases, drought, heat, or herbicides. Both types of leases involve different forms of a definite rental rate. For people and planet, its one of our most important problems to work on. D. The UCC is a body of law that standardizes a number of business practices. D. Write advertisements and promotional materials with the approval of the licensee and supervising broker. D. Avoid negative comments while hes inside the home. A. Brenda must follow all of Jims instructions. 30.4 Labors transaction with firms is based on wages. 160 acres 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. c. lot, block, and subdivision The difference in skill levels and terminology also helps companies and entrepreneurs create corresponding disparities in pay scales. Claims that the world has only 100, 60, or even 30 years of harvests left often hit the headlines. He pays rent for occupancy, plus maintenance and operating expenses. 15- Karen and Al obtained a 30-year fixed-rate, fully amortized loan when they purchased their home. C. Find a lender who is willing to do FHA loans. b. buyer Last year, about 25% of his income came from sales commissions. 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. C. Have keys made for company listings. B. A. The modern definition of factors of production is primarily derived from a neoclassical view of economics. -All of the above You want to buy a house for $243,500. 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. Which of the following uses of pesticide can lead to ecological imbalance? 42- Alice is planning her career and setting her goals. Which form of legal land description describes a parcel by enclosing it? B. In the chart here we see a global map of land used for arable agriculture (as a share of total land area). 34- Sarah is an employee and Ken is an independent contractor at Kerns Realty. c. reliction d. depth, 25. 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. 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. For the early political economists, labor was the primary driver of economic value. depletion of fossil fuels Depending on its type, an improvement may increase the value of real estate greatly. 54- Jim and Jane are buying a home for $120,000. The median price of homes sold in your county nine months ago was $217,400. habitiat fragmentation, none, these are all problems associated with industrial agriculture. 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? We also reference original research from other reputable publishers where appropriate. Depending on the specific circumstances, one or more factors of production might be more important than the others. a. an identification of the grantor and grantee A. It can be considered an employment contract. A lot measures 316.4 X 428.90. 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 . Countries that are rich in human capital experience increased productivity and efficiency. Proceeds from issuance of stock. Sustainable agriculture encourages the use of antibiotics to prevent disease. The S 1/2 of the NW 1/4 of the SW 1/4 of section 14 is how many acres. 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. It is important to distinguish personal and private capital in factors of production. d. 1/2 mile, 22. What kind of lease does Jim have? In the 1970s, who developed uniform rules for mortgage underwriting? 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. 41- Agricultural land includes all of the following EXCEPT which? D. The monthly payments increase overtime. Who has the dominant tenement in this situation? Which of the following items can Matt not add to the original cost when doing the computation? b. setback You can learn more about the standards we follow in producing accurate, unbiased content in our, The Evolution of Accounting and Accounting Terminology. b. littoral Land includes any natural resource used to produce goods and services; anything that comes from the land. How many owners are there? 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. real estate broker d. a percolation test, 29. c. lot, block and subdivision B. disease-resistant crop varieties What is sandy soil? $5,500 the first year, plus a maximum 2% increase in market value per year, B. A. B. What is the purpose of a states statute of frauds? 92- Which of the following situations is not exempt from the seller disclosure requirement? b. an environmental impact statement What did it sell for per acre? b) define symbols and develop mathematical model, how does a change in each variable affect demand, Explain in details 4 different ways in which Information is Critical to an entrepreneurship, It has been said that entrepreneurship is Contextual and it will manifest differently in different countries and religion. 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. Real Estate includes all of the following except: Property rights. Housing and Community Development Act. Their first mortgage will get paid off immediately. 44- Jim owns a gift shop in a commercial building. A. the appraisers value opinionthe borrowers estimate of valuethe square footage of the homenone of these. D. Do not show the home between 10 a.m. and noon on Sundays. The majority of GM crops in the United States are regulated by the United States Department of Agriculture. The borrowers family in case of his or her death, B. Our World in Data is free and accessible for everyone. D. Pam is has no duty to investigate and may rely on the opinion of a heating professional or home inspector.

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