Help us do this work by making a donation. What is most likely their main motivation for investing? c. lot, block and subdivision ROI is equal to turnover multiplied by earning as a percent of sales. The median price of homes sold in your county nine months ago was $217,400. b. the boundaries of the property 80- Which of the following is an example of commingling? At the end of the term, the loan balance will be negative. Labors transaction with firms is based on wages. c. us government survey, PO box, and metes and bounds c. real estate broker -pesticides show mobility, moving other than where they were applied inadvertently killing non-pest organisms. 96- Which statement is not true about a listing contract? Which of these factors would result in a violation of USPAP if the appraiser based his or her appraisal fee on it? b. 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. You have found comparable sales of rural land parcels that indicate the following sale prices per acre: ($930, $775, $1202, $995, $1612, $906). The fees that Eric charges Paul for making the loan could be any but which of the following amounts? turnover is sales div 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. Property Owner A has the right to develop his property into 10 lots. c. lot, block, and subdivision 64- Which of the following is not a form of personal advertising? b. the columns of townships running north and south within a check are called ranges yields at a global level following the pattern established over the past five decades will not be sufficient to meet food needs. 65- Which of the following items is usually not prorated at closing? Information on current loan programs. 52- Which statement is true about a listing contract? A. Brenda must follow all of Jims instructions. At the end of the term, the loan balance will be negative. Which countries are overapplying nitrogen without gains in crop yields? This is called: However, as business continued to grow, Meta built its own office space and data centers. What does that mean? C. They can make payments directly to the original lender. D. Avoid negative comments while hes inside the home. D. The monthly payments increase overtime. A. A social entrepreneur is a person who pursues an innovative idea with the potential to solve a community problem. You want to insure it for 80% of value. a. to protect the buyer by showing the size of the lot The cost of purchase of inventory does not include a. What do you call the process by which a land owner loses land by a sudden or violent act of nature? 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). If pesticide from a farm runs off into Lake Michigan, which organism in the lake's food chain would test highest for the pesticide? 100- What does the Real Estate Disclosure Law refer to? c. 400 ft 9. While large companies make for excellent examples, a majority of companies within the United States are small businesses started by entrepreneurs. 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. 51- Which statement is true about a homeowners exemption? Generally, Light, warm, dry, sandy soil that is acidic and deficient in nutrients is what you may expect to find in a typical climate. When appraising an income producing property, you have the following GRMs indicated from comparable sales (122, 159, 132, 126, 122, 173, 152, 126). sewers; crops; buildings; roads Which statement is true? All of the following are similarities between undernutrition and overnutrition except, both involve lack of access to sufficient daily calories. Crop yields might seem far from being one of the worlds largest problems. 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. What should Tom do? We also reference original research from other reputable publishers where appropriate. The land that is least conducive to agriculture is sandy soil. d. encroachment, 13. 104- Lorna and Hal have obtained a growing equity mortgage for their new home. Values increased in that area by 5% the first year and 7% the second year. D. Allows viewing access to strangers. 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. A. He raised venture capital money to rent office space, hire more employees, and purchase additional server space for development. 3- A property manager can refuse to rent to applicant Mike for any of the following reasons except which? For a group of early French economists called the physiocrats, who predated the classical political economists, land was responsible for generating economic value. Land, labor, and capital as factors of production were originally identified by early political economists such as Adam Smith, David Ricardo, and Karl Marx. b. reliction Referral fee to a homeowners insurance agent. But, if yields and labor productivity do not increase it will have far-reaching consequences for global poverty, and protection of the environment. You can get a loan for 90% of value. 100 acres The 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. To that end, technologylike moneyis a facilitator of the factors of production. B. 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? A Montana ranch is made up of Section 9, 10, 11 and North Half of Section 16. However, collective good is the predominating principle in socialism. D. The first and second mortgage will be rolled into one. A. Generates leads for new listings. While land is an essential component of most ventures, its importance can diminish or increase based on industry. Under the current qualification criteria, an applicant for Appraiser Trainee must have completed ___ creditable hours of experience. a. easement b. metes and bounds Please consult our full legal disclaimer. In capitalism, the factors of production are most often controlled by business owners and investors. Practice Questions with no Answers 33- Which statement is true about a loan that has a negative amortization? Entrepreneurship is the secret sauce that combines all the other factors of production into a product or service for the consumer market. This is further explained below. Which of the following types of agriculture is correctly matched with the agricultural practice? b. D. Broker Gina puts $150 into her trust account. Broker John puts $500 into his trust account. An open listing is an exclusive contract. Why? a. frontage real estatesavings accountmoney market fundcertificate of deposit. Which of the following statements is true? 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? They will owe a balloon payment at the end of the loan term. Which of the following statements is true? What kind of closing technique is Jim using? the appraisers value opinionthe borrowers estimate of valuethe square footage of the homenone of these. A. Buyer Amanda asks if she can measure the windows to see if her current drapes will fit. Practice Questions with no Answers for Preview, >Ch16-18 R.E. Again, it can take on various forms. The purchase price, plus improvements, C. The fair market value at the time of sale. D. Amanda smiles at Jim when she sees the whirlpool tub. 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. 44- Jim owns a gift shop in a commercial building. d. tier, 20. The website with the largest amount of demographics information is, What is the median of the following set of gross rent multipliers? 4024 pine street, Missoula, missoula country mt 59801 What kind of loan do they have? The original loan becomes subordinate to the wraparound. He just sold it for $13,000. The appraiser must avoid mentioning this structure in the report. What did it sell for per acre? Studying population trends in the area. Proceeds from issuance of stock. California: Real Estate Practice Sample of Final Course Exam, Answers will be revealed with the correct subscription. c. accretion C. Identifies buyers for other properties. As such, factors of production, such as land and capital, are owned and regulated by the community as a whole under socialism. a. a radon level test B. d. recorded plat, us government survey and metes and bounds, d. recorded plat, us government survey and metes and bounds, 18. c. 8.4 The US government survey uses all of the following EXCEPT: 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. 56- Which is not a true statement about the Agency Disclosure? Similarly, the use of kiosks in self-serve restaurants can help firms cut back on their labor costs. a. 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. A. Ken is responsible for his own taxes, while the broker pays Sarahs. b. the description is imperfect if it does not end at the point of beginning A. Give credit to all potential borrowers. Broker Alice holds an uncashed check until the offer is accepted. 28- Abby applies for a federally-related loan to purchase a home. A. You can specify conditions of storing and accessing cookies in your browser. 67- Hannah is a real estate assistant. d. metes and bounds, 17. Starting at tree with a notch inside section 14, T3N, R2E of the Montana principle meridian go W 1/4 mile, then S 680 ft, E 1320ft, thence straight line back to the POB. Brainscape helps you realize your greatest personal and professional ambitions through strong habits and hyper-efficient studying. A column of townships running North and South is called a: For purposes of federal income tax, which statement is true? C. The court has ordered the transfer of Sally Greens home to her friend Penny Jacobs as part of the settlement of Sallys estate. The three methods used to legally describe land are: 43- The Equal Credit Opportunity Act (ECOA) requires lenders to: A. D. The date Abby makes the request to receive the booklet. 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?