agricultural land includes all of the following except which

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? What property type will he be dealing with? 73- Which of these is not a buying signal? 4. B. Pleases the sellers by inv=creasing activity. Except for labor, ownership for factors of production varies based on industry and economic system. b. setback All of the following statements about the US government survey system are true except: 60- Seller Tom has an agreement with Broker Bill, Broker Jim and Broker Joe. C) street lights, sewers, and drainage systems cost. . turnover is sales div 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? a. frontage The metes and bounds form of land description uses: 2. a township contains how many square miles? He just sold it for $13,000. a. The ___ has oversight authority over state appraisal boards: Which is not true concerning the highest and best use of land as though vacant? 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. While not directly listed as a factor, technology plays a vital role in influencing production. B. The appraiser must avoid mentioning this structure in the report. He pays rent for occupancy, plus maintenance and operating expenses. D) grading, filling, draining, and clearing costs. 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. For example, private enterprises and individuals own most of the factors of production in capitalism. Which of the following is Kirk himself not likely to do during the application process? Labor refers to all wage-earning activities, such as the work of professionals, retail workers, and so on. B. Ken must obtain his own training. C. Analyzing the income potential of the property. Brenda refuses. Practice Questions with no Answers for Preview, >Ch13-15 R.E. Please consult our full legal disclaimer. But, if yields and labor productivity do not increase it will have far-reaching consequences for global poverty, and protection of the environment. C. The date the lender receives her application. Integrated pest management incorporates all of the following methods except Fannie Mae FDIC OCC FRB. B. D. The date Abby makes the request to receive the booklet. A land owner is contemplating building a septic tank sewer system on his lot. habitiat fragmentation, none, these are all problems associated with industrial agriculture. How many owners are there? C. Use an attractive first-class stamp. 42- Alice is planning her career and setting her goals. The right to construct and maintain tunnels, subways, subcellars, pipelines, sewers, etc. is the definition of _________ rights. 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. C. Refuse to accept the offer and check. The borrowers family in case of his or her death, B. He raised venture capital money to rent office space, hire more employees, and purchase additional server space for development. The state of technological progress can influence the total factors of production and account for any efficiencies not related to the four typical factors. a. 99- All exclusive listing agreements must have, C. A list of personal property included in the sale. 28- Abby applies for a federally-related loan to purchase a home. 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. 74- Which statement is not true about an agency relationship? Certain homeowners may qualify for a $10,000 exemption. c. lien . Prices of properties currently on the market, C. Properties that were listed but did not sell. 14- Value includes which of the following aspects? disease-resistant crop varieties 42- Alice is planning her career and setting her goals. B. 6. 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. What kind of mortgage are they looking for? 50- Harry has some buyers that he believes are ready to make an offer. \text{T} & \text{48} & \text{46} & \text{51} & \text{57} & \text{62} & \text{68} & \text{71}\\ 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 b. us government system 49- Agent Dan tells his buyers that the seller will leave the washer and dryer if the buyers make an offer now. Which of the following would be PRIVATE restrictions on property rights? Deforestation can include clearing the land for farming or livestock, or using the timber for fuel . A. For income tax purposes, the IRS would probably classify Patrick as: 32- Broker Alice has a listing agreement with Jack. 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. 65- Which of the following items is usually not prorated at closing? As the demands of a business change over time, the relative importance of the factors of production will also change accordingly. Sustainable agriculture encourages the use of antibiotics to prevent disease. What Are the Most Important Aspects of a Capitalist System? 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. The adjusted cost basis of the first home was $140,000. 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 . c. 8.4 ROI is equal to turnover multiplied by earning as a percent of sales. The definition of factors of production in economic systems presumes that ownership lies with households, who lend or lease them to entrepreneurs and organizations. In some cases, all you need is a piece of land that's not currently being used. b. setback 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? A. A. You can say that the land is preserved wilderness, or put it to some kind of agricultural use to save on property taxes. The World Bank divides the world into four groups. 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. 54- Jim and Jane are buying a home for $120,000. 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. Decks in Basic Appraisal . D. Broker Gina puts $150 into her trust account. For the early political economists, labor was the primary driver of economic value. Understanding the kind of responses your advertising generates, D. Being able to anticipate the callers requirements. "Sustaining Chinas Economic Growth After the Global Financial Crisis," Pages 1-2. International Federation of Robotics. 96- Which statement is not true about a listing contract? As a factor of production, capital refers to the purchase of goods made with money in production. All of the following would be considered improvements to land EXCEPT. 52- Which statement is true about a listing contract? (a) 2.01020m2.0\times10^{-20}\;\mathrm{m}2.01020m 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. Purchase price b. (b) 3.31011m3.3\times10^{-11}\;\mathrm{m}3.31011m 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. 64- Which of the following is not a form of personal advertising? 9. a. government survey b. the description is imperfect if it does not end at the point of beginning Get started for free! C. Real Estate Settlement and Procedures Act. Values increased in that area by 5% the first year and 7% the second year. Which of the following would be considered an intermediate goal? 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. 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). A. B. D. Farms. 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? The Federal Reserve can influence the level of economic activity by. A. B. Real Estate includes all of the following except: Property rights. A. I will complete the GRI certification in the next four years. 56- Which is not a true statement about the Agency Disclosure? 86- Which of the following is not considered a benefit of investing in real estate? a. a grant 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. Another example of entrepreneurship is Starbucks Corporation (SBUX). You want to buy a house for $243,500. B. Yarilet Perez is an experienced multimedia journalist and fact-checker with a Master of Science in Journalism. It can also refer to market, industry, and business fragmentation. B. B. You want to insure it for 80% of value and the annual insurance premium will cost $5.75 per thousand. c. check The purchase price, plus depreciation a) construct an influence diagram that relates these variables b. recorded plat, street address, and metes and bounds Broker John puts $500 into his trust account. What kind of agreement is this? What kind of listing agreement does Alice have with Jack? 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. 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. 2. The selling agent must provide the disclosure to the seller as soon as practicable prior to presenting a purchase offer. C. The fair market value at the time of sale The borrower makes payments of interest only over the term of the loan. $5,500 the first year, plus a maximum 2% increase in market value per year, B. The Buckle, Incorporated, included the following in its statement of cash flows presented using the indirect method. a. erosion 435,600 square feet U.S. land area covers nearly 2.3 billion acres. 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 three methods used to legally describe land are: Improvements in crop yields have been essential to feed a growing population, while reducing the environmental impact of food production at the same time. 34- Sarah is an employee and Ken is an independent contractor at Kerns Realty. C. Neither Sarah nor Ken can get employer-provided health insurance. b. easement 34- Sarah is an employee and Ken is an independent contractor at Kerns Realty. A problem with the real property market is that the amount of ________ is slow to change. Building b. Land resources are the raw materials in the production process. a. putting more land into production b. increasing the yield of land under cultivation. Absolute advantage allows an entity to produce a greater quantity of the same good or service with the same constraints than another entity. 4. Jason Fernando is a professional investor and writer who enjoys tackling and communicating complex business and financial problems. 62- When agent Hal shows a home he should never: A. 10- Which of the following prospecting techniques do you have to use carefully because it has tended to upset people in recent years? The retail coffee chain needs land (prime real estate in big cities for its coffee chain), capital (large machinery to produce and dispense coffee), and labor (employees at its retail outposts for service). Why is the Schroendinger equation not valid for relativistic particles? crop rotation c. easement C. Brenda could be liable for a breach of the listing terms. What is the median price of homes today? What would we call Hannah? 75 Here are all the sales in your area in the last 4 months. A property is owned as tenancy in severalty. The factors of production include land . B) assumption of any liens or mortgages on the property. A business engaged in agriculture or farming as defined in MGL. Why might a lender require a survey before making a loan? - bioaccumulation of pesticides in animal tissue can lead to extinction of species 47- Which of the following duties is not a permitted activity for an unlicensed personal assistant? c. There are 36 sections in a township Which of these statements is true about the wraparound mortgage? Who has the dominant tenement in this situation? Licenses: All visualizations, data, and articles produced by Our World in Data are open access under the Creative Commons BY license. What is most likely their main motivation for investing? This is called: 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. a. quadrant Agricultural land includes all of the following EXCEPT which? Which is a true statement? The borrower makes payments of interest only over the term of the loan. d. 1/2 mile, 22. Brainscape helps you realize your greatest personal and professional ambitions through strong habits and hyper-efficient studying. Marxism is a set of social, political, and economic theories developed by Karl Marx that formed the basis of socialist principles. Agricultural land is typically land devoted to agriculture the systematic and controlled use of other forms of lifeparticularly the rearing of livestock and production of cropsto produce food for humans. Depending on the context, some factors of production might be more important than others. 41- Agricultural land includes all of the following EXCEPT which? a. a series of wire links each 7.92' long C. Tangible assets transferred in the sale include inventory, fixtures and equipment. 3- A property manager can refuse to rent to applicant Mike for any of the following reasons except which? Goodwill is an intangible asset that results from the reputation of the business. The cost of land typically includes all, except a. Grading, filling, draining and cleaning cost b. c. an encroaching elm tree What is the mean sale price? 68- Greg and Joyce have an adjustable rate mortgage on their home. 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. How many acres are there is the described property? What Is a Sunk Costand the Sunk Cost Fallacy? a. government survey system 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). ", U.S. International Trade Commission. A. This is further explained below. 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. The Uniform Commercial Code covers the sale of goods over $________. b. an environmental impact statement It amalgamates past approaches to economic theory, such as the concept of labor as a factor of production from socialism, into a single definition. C. Payments will not be enough to retire the loan. b. buyer b. During the time Sam owned the property he paid $350 per year in taxes, $150 per year on maintenance like grass cutting and $90 per year on miscellaneous expenses. It must be in writing to be enforceable. -pesticides kill prey thereby causing predators to starve or migrate. A. 61- Bill and Sue secured a mortgage loan that is tied to an index which fluctuates over the life of the loan. Estimate its value. 92- Which of the following situations is not exempt from the seller disclosure requirement? 300 ft c. front footage 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. a. The buyer was responsible for making the discovery, so Pam is therefore liable. a. a radon level test A. 3. a plat map is used in which type of legal description? B. b. to protect against encroachments A property owner on a river or creek is said to have which type of rights? They will owe a balloon payment at the end of the loan term. d. lien, 35. The permanent receding of water increases the land owner's property by: Land refers to physical land, such as the acres used for a farm or the city block on which a building is constructed. 39- When doing a competitive market analysis, an agent looks at all but which of the following factors? The most common lease in agriculture is a land lease. 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. 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. A. 78- Nancy bought her home last year for $425,000. 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.. Accounts payable (decrease). Labor refers to the effort expended by an individual to bring a product or service to the market. Which of these factors would result in a violation of USPAP if the appraiser based his or her appraisal fee on it? narrow-spectrum pesticide because it focuses on killing specific organisms. 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. Skilled and trained workers are called human capital and are paid higher wages because they bring more than their physical capacity to the task. An illustration of the above is the difference in markets for robots in China compared to the United States after the 2008 financial crisis. a. How much did Sam gain or lose on the sale? 4 rods a. erosion C. The court has ordered the transfer of Sally Greens home to her friend Penny Jacobs as part of the settlement of Sallys estate. Fragmentation is the use of various suppliers and manufacturers to produce a good. 84- Four years ago, Sam purchased a vacant lot for $10,000. Finally, capital refers to the cash, equipment, and other assets needed to start or grow a business. 75- All but which of the following is NOT an AIDA feature? What do you call the process by which a land owner loses land by a sudden or violent act of nature? Which of the following statements is true? 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. Tell the sellers exactly how she feels and why she thinks the offer is not a good one. Information on current loan programs. An important characteristic of land is that it may be modified or improved at any given time. 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