You can specify conditions of storing and accessing cookies in your browser. c. an encroaching elm tree D. Have the prospects sign the disclosure about agency relationship. "Sustaining Chinas Economic Growth After the Global Financial Crisis," Pages 1-2. International Federation of Robotics. If you apply for the loan, how much can your maximum monthly payment be? D. Do not show the home between 10 a.m. and noon on Sundays. The factors of production are land, labor, capital, and entrepreneurship. You can say that the land is preserved wilderness, or put it to some kind of agricultural use to save on property taxes. Depreciation. D. Write advertisements and promotional materials with the approval of the licensee and supervising broker. The right of ingress and egress over the land of another person is call a: Land not classified as "Forest", spanning more than 0.5 hectares; with trees higher than 5 meters and a canopy cover of 5-10 percent, or trees able to reach these thresholds in situ; or with a combined cover of shrubs, bushes and trees above 10 percent. A land owner is contemplating building a septic tank sewer system on his lot. Which of the following would be considered an intermediate goal? 63- Jennys home appraised for $550,000. B. C. It creates an agency relationship. d. a showing of the property's boundaries to scale, a. an identification of the grantor and grantee, 27. $5,500 the first year, plus a maximum 2% increase in market value per year, B. Brenda refuses. Generally, Light, warm, dry, sandy soil that is acidic and deficient in nutrients is what you may expect to find in a typical climate. 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. 9- Which California Fair Housing Law Prohibits discrimination based on sexual orientation of source of income? 47- Which of the following duties is not a permitted activity for an unlicensed personal assistant? d. lot, block, and subdivision, 21. the NW 1/4 of the NW 1/4 of the SW 1/4 of Section 12 is: Which of the following methods of legal land description would most likely be used to describe agricultural lands? It would be misleading if the appraiser did not disclose the existence of this structure in the report. B. the appraisers value opinionthe borrowers estimate of valuethe square footage of the homenone of these. a. survey An open listing is an exclusive contract. 41- Agricultural land includes all of the following EXCEPT which? On the other hand, land is the most significant investment for a real estate venture. Ask the buyers to sign a real estate transfer disclosure statement. yields at a global level following the pattern established over the past five decades will not be sufficient to meet food needs. 6. B. c. in each township section 7 is south of section 6. d. there are 36 sections in a township. You have permission to use, distribute, and reproduce these in any medium, provided the source and authors are credited. A. C. Exclusive-authorization-and-right-to-sell. Image by Sabrina Jiang Investopedia2020, Absorption Costing Explained, With Pros and Cons and Example, What Is an Amortization Schedule? Under no circumstances, however, is labor owned by firms. C. Broker Harry deposits $1000 into his brokerage business account. c. the section lines must be clearly noted d. assemblage, 39. Secure documents that are public information from the courthouse and other sources available to the public. An illustration of the above is the difference in markets for robots in China compared to the United States after the 2008 financial crisis. Brainscape helps you realize your greatest personal and professional ambitions through strong habits and hyper-efficient studying. b. $5,600 every year, with no increase, C. $5,750 the first year, plus a maximum 2% increase in market value per year, D. $5,750, plus a maximum 1% increase in market value per year. 160 acres You have the permission to use, distribute, and reproduce these in any medium, provided the source and authors are credited. 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. 73- Which of these is not a buying signal? strategies used to increase the supply of food for a country could include. What property type will he be dealing with? -pesticides alter the genetic resistance in populations causing the pests to persist. For a group of early French economists called the physiocrats, who predated the classical political economists, land was responsible for generating economic value. D. Pam is has no duty to investigate and may rely on the opinion of a heating professional or home inspector. a) construct an influence diagram that relates these variables That includes Randy Newman, who sings about his hometown.1:A nickname of a place can have the following functions except .Abuilding up identityBentertainmentCbringing pride to the localsDuniting surrounding cities2:The underlined sentence can best be replaced by .AYour trip to Los Angeles is not perfect if you miss . Which of the following statements is true? Organisms at higher levels on food webs tend to have greater concentrations of bioaccumulated pesticide stored in their bodies through a process known as. 85- Which paragraph of the purchase agreement states that the balance of the purchase price will be deposited into escrow prior to closing? Her broker has asked her to be available for tasks in the field rather than in the office. Some common land or natural resources are water, oil, copper, natural gas, coal, and forests. has an increased likelihood of obesity, diabetes, and heart disease. c. real estate broker 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. In the above question, the increased value created by the assemblage is called: 55- Greg is approved for a Cal-Vet loan. D. All adjustable rate mortgages have negative amortization. c. it is a document used to record the subdivision of land, 11. Both types of leases involve different forms of a definite rental rate. 30.4 83- Matt is computing the adjusted cost basis of his apartment building for income tax purposes. 20.6 Which of the following is Kirk himself not likely to do during the application process? a. Give a discount to families with children. Copyright - CaliforniaRealEstateExamAnswers.com - 2023 -, >Example Final Exam for R.E. antibiotic application For modern mainstream (neoclassical) economists, capital is the primary driver of value. b. a parcel of land is 1/8 mile by 1/8 mile is 40 acres. This analysis can only be applied if there are no existing improvements. A. d. 640 acres, 38. Randy gives Tom an earnest money check for $1,000 and asks Tom to hold it until June 30, regardless of the date the seller accepts the offer. The federal financial institutions regulatory agencies directly involved in fair lending include all of the following EXCEPT, The primary purpose of USPAP is to protect. 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.. 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. Referral fee to a homeowners insurance agent. Two months later she purchased and moved into a new home that cost $145,000. a. seller 51- Which statement is true about a homeowners exemption? D. The UCC is a body of law that standardizes a number of business practices. The term of the loan can be shortened. 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 . B. 96- Which statement is not true about a listing contract? He says to them, Would you prefer to take possession on September 1 or October 1? What kind of closing technique is Harry using? Claims that the world has only 100, 60, or even 30 years of harvests left often hit the headlines. C2H5Br(alc)+OH(alc)C2H5OH(I)+Br(alc), is first order each in ethyl bromide and hydroxide ion. C. Theyre probably paying a higher interest rate on the second mortgage. A. 3. 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. How Do Factor Endowments Impact a Country's Comparative Advantage? 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. A survey would reveal all of the following about a property EXCEPT: 10. 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. 7. 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? The land that is least conducive to agriculture is sandy soil. c. us government survey, PO box, and metes and bounds A. 68- Greg and Joyce have an adjustable rate mortgage on their home. 2240 acres c. 2 townships 61- Bill and Sue secured a mortgage loan that is tied to an index which fluctuates over the life of the loan. Her expertise is in personal finance and investing, and real estate. He pays rent for occupancy, plus maintenance and operating expenses. Two years ago, you bought a property for $264,500. His depreciation was $2,500 per year. A. Ken is responsible for his own taxes, while the broker pays Sarahs. We will always indicate the original source of the data in our documentation, so you should always check the license of any such third-party data before use and redistribution. d. 600 ft, 37. The Buckle, Incorporated, included the following in its statement of cash flows presented using the indirect method. resistant to viral diseases, drought, heat, or herbicides. It can be considered an employment contract. The circular flow model of economics shows how money moves through an economy in a constant loop from producers to consumers and back again. 75 Here are all the sales in your area in the last 4 months. "About Us.". ", Association for Advancing Automation. In socialist systems, the government (or community) often exerts greater control over the factors of production. The interest rate will increase gradually over time. Why is the Schroendinger equation not valid for relativistic particles? C. Recommend a counteroffer back to list price. The lender will allow you to spend up to 28% of your annual income for housing costs, including your mortgage, property taxes, and insurance. The length of the front of a lot on the street is referred to as the lot's: d. it is used to describe lots in a subdivision, b. the description is imperfect if it does not end at the point of beginning, 24. C. Identifies buyers for other properties. D. Farms. 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 surveyor's chain is: As a result, the country became the biggest market for robots. 92- Which of the following situations is not exempt from the seller disclosure requirement? B. Brenda has violated the fiduciary duty of obedience to Jim. These include any resource needed for the creation of a good or service. d. 2.5, 28. But, if yields and labor productivity do not increase it will have far-reaching consequences for global poverty, and protection of the environment. Integrated pest management incorporates all of the following methods except B. The proportion of the land base in agricultural uses has declined from 63 percent in 1949 to 51 percent in 2007. A. Let T(t) be the temperature (inF)\left(\text { in }^{\circ} \mathrm{F}\right)(inF) in Seattle t hours after midnight on May 7, 2012. Even an artist involved in making art, whether it is a painting or a symphony, is considered labor. . \text{t} & \text{4} & \text{6} & \text{8} & \text{10} & \text{12} & \text{14} & \text{16}\\ Purchase of investments. Who is responsible for appointing members to the ASB and AQB? The definition of factors of production in economic systems presumes that ownership lies with households, who lend or lease them to entrepreneurs and organizations. A. I will complete the GRI certification in the next four years. The introduction of technology into a labor or capital process makes it more efficient. 49- Agent Dan tells his buyers that the seller will leave the washer and dryer if the buyers make an offer now. 86- Which of the following is not considered a benefit of investing in real estate? Labor refers to all wage-earning activities, such as the work of professionals, retail workers, and so on. What is Gregs capital gain on the apartment? 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. B. What Are the Most Important Aspects of a Capitalist System? d. annexation, 32. a. They have $20,000 for a down payment and assumed the sellers mortgage of $75,000. 64- Which of the following is not a form of personal advertising? d. a percolation test, 29. All the software and code that we write is open source and made available via GitHub under the permissive MIT license. Practice Questions with no Answers for Preview, >Ch16-18 R.E. The rate at which vacant space in a property or a group of properties for sale or lease has been or is expected to be successfully sold or leased over a specified period of time is the definition of a(n) __________ rate. c. 25 acres 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. He sells this right to nearby Property Owner B who wishes to develop his property into additional lots. 10- Which of the following prospecting techniques do you have to use carefully because it has tended to upset people in recent years? A lot measures 316.4 X 428.90. How many acres are there is the described property? d. an easement, a. the water rights reserved by a previous owner, 14. 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. us government system Entrepreneurship refers to the initiatives taken by entrepreneurs, who typically begin as the first workers in their firms and then gradually employ other factors of production to grow their businesses. C. Insurance agents dealing with customers. There are four factors of productionland, labor, capital, and entrepreneurship. Broker Alice holds an uncashed check until the offer is accepted. 30- Being prepared to handle incoming phone calls means all of the following except which? Erosion D. The date Abby makes the request to receive the booklet. 87- What information can you gather from the newspaper to help develop a Prospecting Plan? D. A basis of $140,000 and no taxable gain. This is an example of. A. b. setback A client has requested that an appraiser value a property that is improved with an old dilapidated single family home, and asks the appraiser not to mention the existence of the home in the appraisal report. Please consult our full legal disclaimer. B. Pam is not liable since it was summer and the heating problem was not obvious. a. a series of wire links each 7.92' long Depending on its type, an improvement may increase the value of real estate greatly. A. Along the same lines, desks and chairs used in an office are also capital. In the 1970s, who developed uniform rules for mortgage underwriting? Practice Questions with no Answers for Preview, >Ch7-9 R.E. What kind of mortgage are they looking for? 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. The borrowers family in case of his or her death, B. How much will your insurance cost per month? Double-Declining Balance (DDB) Depreciation Method Definition With Formula. d. encroachment, 13. 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. Which of the following types of investments has historically generated the highest return on investment? 4. Prices of properties currently on the market, C. Properties that were listed but did not sell. 14- Value includes which of the following aspects? Which of the following is an example of a genetically modified crop? Special assessment for drainage system c. Private driveway and parking lot d. Assumption of any lien on the property; Answer C. Fence and parking lot are reported as a. All of the following would be considered improvements to land EXCEPT. c. There are 36 sections in a township At the end of the term, the loan balance will be negative. 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 ) C. Refuse to accept the offer and check. Is equal for each year over the life of the property, C. Is high during the first five years of the ownership period, then reduces gradually over the life of the property, D. Varies according to the expired life of the improvements made to the property. How many acres is that? 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. However, collective good is the predominating principle in socialism. Depending on the specific circumstances, one or more factors of production might be more important than the others. 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. conformity c. lien 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? Earthquake and volcanic action A longer mortgage loan term will: Result in lower monthly mortgage payments Which of the following statements is TRUE about metes and bounds? 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? 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? 435,600 square feet 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. These include white papers, government data, original reporting, and interviews with industry experts. While large companies make for excellent examples, a majority of companies within the United States are small businesses started by entrepreneurs. b. a description of the property using metes and bounds He paid $100,000 for it, and made $300,000 worth of improvements. This practice is: 24- When talking to his investment clients, Broker Adam often to tax shelters. B. The website with the largest amount of demographics information is, What is the median of the following set of gross rent multipliers? But, if yields and labor productivity do not increase it will have far-reaching consequences for global poverty, and protection of the environment. c. highest and best use C. Discuss alternative properties that may be interest. For people and planet, its one of our most important problems to work on. ", Starbucks Coffee Corporation. Pastures are those lands that are primarily used for the production of adapted, domesticated forage plants for livestock. 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. C. Allow indoor pets to leave their designated area. This topic page can be cited as: All visualizations, data, and code produced by Our World in Data are completely open access under the Creative Commons BY license. 103- Kirk and Sandy obtained a wraparound mortgage. 7- In the initial meetings with the prospects, the agent should do all of the following except which? If pesticide from a farm runs off into Lake Michigan, which organism in the lake's food chain would test highest for the pesticide? -pesticides kill prey thereby causing predators to starve or migrate. Agricultural land includes all of the following EXCEPT which? C. Use an attractive first-class stamp. In a typical cash rent lease, the tenant is obligated to pay a set price per acre or a set rate for the leased land. 6- According to California real estate law, how often must a broker balance his or her trust accounts? a. plottage C. The seller did not disclose the problem on a sellers disclosure form so Pam is off the hook.
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