C. Recommend a counteroffer back to list price. Practice Questions with no Answers for Preview, >Ch7-9 R.E. Demand analysis in a market indicates that 15 houses per month can be sold in the market. Labor refers to all wage-earning activities, such as the work of professionals, retail workers, and so on. A. Generates leads for new listings. Because of their low clay content, sandy soils are often referred to as " light soils." How would Grants lease at this time be classified? b. metes and bounds Prices of properties currently on the market, C. Properties that were listed but did not sell. indirectly, proportionatelydirectly, proportionatelyinversely, directlydirectly, inversely, A business arrangement in which two or more persons jointly own a business and share in its profits and losses is the definition of, limited partnershippartnershipgeneral partnershiptrust. A. resistant to viral diseases, drought, heat, or herbicides. 92- Which of the following situations is not exempt from the seller disclosure requirement? What kind of agreement is this? 6- According to California real estate law, how often must a broker balance his or her trust accounts? c. 66 feet You want to insure it for 80% of value and the annual insurance premium will cost $5.75 per thousand. disposal of livestock wastes These include any resource needed for the creation of a good or service. The appraiser must avoid mentioning this structure in the report. The land that is least conducive to agriculture is sandy soil. Jim and Jane financed the remaining $25,000 through the seller. Brainscape helps you realize your greatest personal and professional ambitions through strong habits and hyper-efficient studying. 64- Which of the following is not a form of personal advertising? Which of the following items can Matt not add to the original cost when doing the computation? A(n) __________ contract is one that is not been fully performed or completed. a. redemption 65- Which of the following items is usually not prorated at closing? Each of their payments is for the same amount. 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 a. the water rights reserved by a previous owner A. Ken is responsible for his own taxes, while the broker pays Sarahs. d. 1/2 mile, 22. Entrepreneur Howard Schultz, the companys founder, provided the fourth factor of production by being the first person to realize that a market for such a chain existed and figuring out the connections among the other three factors of production. D. Broker Gina puts $150 into her trust account. What will they have to pay at closing for the points? The right to construct and maintain tunnels, subways, subcellars, pipelines, sewers, etc. is the definition of _________ rights. Mary Jones has a property with no road frontage. Image by Sabrina Jiang Investopedia2020, Absorption Costing Explained, With Pros and Cons and Example, What Is an Amortization Schedule? a. government survey International (Global) Trade: Definition, Benefits, Criticisms. For example, the use of robots in manufacturing has the potential to improve productivity and output. A facade easement is a type of_______________ easement. "About Us.". The Haleys want to get a mortgage that will cover the purchase price plus all the furnishings. 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. She sold the property and several months later the buyer sued Pam for not disclosing the problem. Estimate its value. Gradual declines have occurred in cropland and pasture . U.S. land area covers nearly 2.3 billion acres. (d) 1.81019m1.8\times10^{-19}\;\mathrm{m}1.81019m It is important to distinguish personal and private capital in factors of production. c. front footage 46- A life insurance company would most likely invest in all but which of the following properties? However, as business continued to grow, Meta built its own office space and data centers. 59- Which of the following is a sellers request that an agent cannot honor? 103- Kirk and Sandy obtained a wraparound mortgage. Twenty years ago, most appraisal reports that were sent electronically were sent using _____ technology; today, most appraisals are sent electronically using a _______ format. Crop yields might seem far from being one of the world's largest problems. C. I will open my own office within nine years. Except for labor, ownership for factors of production varies based on industry and economic system. How many acres are there in 2 parcels of land described a SW 1/4 and the NW 1/4 of the SE 1/4? Meanwhile, a company that makes its money from building and renting out office space might see land and capital as its most valuable factors. Practice Questions with no Answers for Preview, >Ch13-15 R.E. Availability of multiple listing service, C. Broker-paid advertising and promotion, D. Assistance with filling out disclosures. These claims are overblown, but soil erosion is a problem and we can do something about it. Improvements in crop yields have been essential to feed a growing population, while reducing the environmental impact of food production at the same time. He sells this right to nearby Property Owner B who wishes to develop his property into additional lots. Your income is $1,472 every two weeks. 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? What should Tom do? 42- Alice is planning her career and setting her goals. c. reliction He raised venture capital money to rent office space, hire more employees, and purchase additional server space for development. 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). 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? b. 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. What is the area of the ranch? B. Agricultural land is typically land devoted to agriculture, [1] the systematic and controlled use of other forms of life particularly the rearing of livestock and production of crops to produce food for humans. earnings equal sales minus the cost of sales A. f(z)=z3z2+2z+2f(z)=\frac{z-3}{z^{2}+2 z+2}f(z)=z2+2z+2z3. Production, such as manufacturing, can be tracked by certain indexes, including the ISM manufacturing index. 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. How many acres is that? C. Identifies buyers for other properties. A. D) grading, filling, draining, and clearing costs. This is an example of. Certain homeowners may qualify for a $10,000 exemption. b. an environmental impact statement What is the median of these numbers: 19, 11, 64, 36, 81, 22, 35, 95? c. highest and best use B. 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 ) 49- Agent Dan tells his buyers that the seller will leave the washer and dryer if the buyers make an offer now. 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. a. metes and bounds 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? Which of the following statements is true? For example, the construction worker at a hotel site is part of labor, as is the waiter who serves guests or the receptionist who enrolls them into the hotel. c. lot, block, and subdivision 4 rods B. Pam is not liable since it was summer and the heating problem was not obvious. What Is a Sunk Costand the Sunk Cost Fallacy? He just sold it for $13,000. Skilled and trained workers are called human capital and are paid higher wages because they bring more than their physical capacity to the task. d. 2.5 square miles, 15. What should Alice do? For income tax purposes, the IRS would probably classify Patrick as: 32- Broker Alice has a listing agreement with Jack. B. What Are the Most Important Aspects of a Capitalist System? This practice is: 24- When talking to his investment clients, Broker Adam often to tax shelters. 6. Start in the room with the best features. 102- What is the minimum period of time over which the owner of a commercial building can depreciate the improvements? As a result, the country became the biggest market for robots. The Federal Reserve can influence the level of economic activity by. Purchase of equipment. Erosion How many acres is that? d. depth, 25. 44- Jim owns a gift shop in a commercial building. While large companies make for excellent examples, a majority of companies within the United States are small businesses started by entrepreneurs. C. Theyre probably paying a higher interest rate on the second mortgage. What is the mean sale price? 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. 300 ft 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. a description of the property using metes and bounds This is further explained below. Labors transaction with firms is based on wages. The adjusted cost basis of the first home was $140,000. C. Neither Sarah nor Ken can get employer-provided health insurance. 90- Marsha has been keeping track of the effectiveness of her advertising campaigns. 5. Ask questions of the prospects children. During an economic contraction or when they suffer losses, companies cut back on capital expenditure to ensure profits. 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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. B. Your property, which consists of a house on a lot, is valued at $186,000. What test would determine the ground's ability to absorb water? 20- Which of the following would not be an essential component when researching the purchase of an apartment building? Agricultural productivity across Sub-Saharan Africa needs to improve to reduce hunger, poverty, and the destruction of biodiversity. 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. The U.S. land area covers nearly 2.3 billion acres. D. Seeking buyers for others agents listings. C. Real Estate Settlement and Procedures Act. 1.7107M/s. The ___ has oversight authority over state appraisal boards: Which is not true concerning the highest and best use of land as though vacant? If Broker Tom procures a buyer for Jack, Tom will get the commission and Alice will not. 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? For modern mainstream (neoclassical) economists, capital is the primary driver of value. d. 2.5, 28. In the chart here we see a global map of land used for arable agriculture (as a share of total land area). For example, a firm operating in the real estate industry typically owns significant parcels of land, while retail corporations and shops lease land for extended periods of time. What kind of listing agreement does Alice have with Jack? 5. 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. Solved Knowledge Check 01 Merchandise Inventory includes all | Chegg.com Which statement is true ? 99- All exclusive listing agreements must have, C. A list of personal property included in the sale. Secure documents that are public information from the courthouse and other sources available to the public. A net listing is illegal in all states. a. townships Real Estate includes all of the following except: Property rights. Please remove your shoes before entering the home. Housing and Community Development Act. Lot Building area in Fiumicino (Roma) | Gobid.it 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. TFA - Chapter 39 - Land, Building and Machinery - StuDocu Our articles and data visualizations rely on work from many different people and organizations. Who will pay the points? Who has the dominant tenement in this situation? Which of the following is not one of those groups? 34- Sarah is an employee and Ken is an independent contractor at Kerns Realty. 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. -pesticides kill prey thereby causing predators to starve or migrate. Broker John puts $500 into his trust account. Each of these requires significant real estate and capital investments. For example, a tractor purchased for farming is capital. You can learn more about the standards we follow in producing accurate, unbiased content in our, The Evolution of Accounting and Accounting Terminology. Answered: 1. The cost of land typically includes | bartleby Sharon and Steve have just taken a second mortgage on their home. He sold the building for $1,000,000 and paid $60,000 in commission to the broker. The factors of production are an important economic concept outlining the elements needed to produce a good or service for sale. PDF Definition of Agricultural Land Use - Montana Why? 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