A potential benefit of genetic engineering is the development of crop plants. C. Recommend a counteroffer back to list price. How would Grants lease at this time be classified? a. government survey You want to buy a house for $243,500. a. 62- When agent Hal shows a home he should never: A. What will they have to pay at closing for the points? Who is responsible for appointing members to the ASB and AQB? The table shows values of this function recorded every two hours. C. Parks. B) assumption of any liens or mortgages on the property. The right of ingress and egress over the land of another person is call a: 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. 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. 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. C. Identifies buyers for other properties. This term typically refers to. 16- Dave and Nadine have decided that they want to become property investors. A. 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. The factors of production include land . In the chart here we see a global map of land used for arable agriculture (as a share of total land area). Two months later she purchased and moved into a new home that cost $145,000. How much will you have to deliver to closing to cover both the down payment and the loan points? B. Pleases the sellers by inv=creasing activity. What kind of lease does Jim have? D. Exclusive-authorization-and-right-to-sell agreement. b. to protect against encroachments She has worked in multiple cities covering breaking news, politics, education, and more. For income tax purposes, the IRS would probably classify Patrick as: 32- Broker Alice has a listing agreement with Jack. 22- Jane sold her personal home for $148,000. He sold the building for $1,000,000 and paid $60,000 in commission to the broker. the appraisers value opinionthe borrowers estimate of valuethe square footage of the homenone of these. C2H5Br(alc)+OH(alc)C2H5OH(I)+Br(alc), is first order each in ethyl bromide and hydroxide ion. 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. 100 ft It can be considered an employment contract. A. Today, capital and labor remain the two primary inputs for processes and profits. What did it sell for per acre? The ___ has oversight authority over state appraisal boards: Which is not true concerning the highest and best use of land as though vacant? 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. An illustration of the above is the difference in markets for robots in China compared to the United States after the 2008 financial crisis. 57- Under federal income tax law, the basis for a personal residence is which of the following: Purchase of equipment. He says to them, Would you prefer to take possession on September 1 or October 1? What kind of closing technique is Harry using? 98- Grant moves into his new office space while he awaits the completion of the negotiations of the lease terms. b. the columns of townships running north and south within a check are called ranges 69- According to ECOA, lenders cannot discriminate against potential borrowers on the basis of all but which of the following? D. A basis of $140,000 and no taxable gain. During an economic contraction or when they suffer losses, companies cut back on capital expenditure to ensure profits. B. depletion of fossil fuels 80- Which of the following is an example of commingling? At the end of the term, the loan balance will be negative. If pesticide from a farm runs off into Lake Michigan, which organism in the lake's food chain would test highest for the pesticide? 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. By increasing crop yields we can reduce the amount of land we use for agriculture. 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. b. easement PRACTICE QUESTIONS), >Ch1-3 R.E. Both types of leases involve different forms of a definite rental rate. c. 8.4 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. Property Owner A has the right to develop his property into 10 lots. yields at a global level following the pattern established over the past five decades will not be sufficient to meet food needs. The costs of conversion of inventory include all of the following, except a. Our World in Data is free and accessible for everyone. ", Starbucks Coffee Corporation. B. 68- Greg and Joyce have an adjustable rate mortgage on their home. However, money is not a factor of production because it is not directly involved in producing a good or service. "About Us.". While large companies make for excellent examples, a majority of companies within the United States are small businesses started by entrepreneurs. C. It creates an agency relationship. 7. D. Write advertisements and promotional materials with the approval of the licensee and supervising broker. A. Generates leads for new listings. Organisms at higher levels on food webs tend to have greater concentrations of bioaccumulated pesticide stored in their bodies through a process known as. D. Avoid negative comments while hes inside the home. This is further explained below. The U.S. land area covers nearly 2.3 billion acres. pheromone traps b. recorded plat, street address, and metes and bounds b. D. The date Abby makes the request to receive the booklet. 75- All but which of the following is NOT an AIDA feature? A. Mark Zuckerberg assumed the risk for the success or failure of his social media network when he began allocating time from his daily schedule toward that activity. 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? For purposes of federal income tax, which statement is true? a. putting more land into production b. increasing the yield of land under cultivation. By increasing crop yields we can reduce the amount of land we use for agriculture. Insurance will cost $6.00 per thousand per year. 435,600 square feet c. sections This can result in a transformation of factors of production for entire industries. A(n) __________ contract is one that is not been fully performed or completed. B. d. benchmark, 30. 23- Jonestown Community Bank refuses to lend money to potential homeowners trying to purchase property in the predominantly Asian neighborhood on the west end of town. B. D. Have the prospects sign the disclosure about agency relationship. 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? Federal Reserve Bank of San Francisco. A surveyor's chain is: Labor refers to all wage-earning activities, such as the work of professionals, retail workers, and so on. Please remove your shoes before entering the home. An example of entrepreneurship is the evolution of the social media behemoth Meta (META), formerly Facebook. B. Pam is not liable since it was summer and the heating problem was not obvious. A. high income countries c. check The value of the property the borrower wants to purchase, D. The neighborhood in which the property is located. The selling agent must provide the disclosure to the seller as soon as practicable prior to presenting a purchase offer. d. an easement, a. the water rights reserved by a previous owner, 14. What is sandy soil? Derive an expression for the gravitational potential energy of a system consisting of Earth and a brick of mass m placed at Earths center. It must be in writing to be enforceable. 4. the point of beginning is associated with: 5. a. D. The appraised value prior to sale When citing this topic page, please also cite the underlying data sources. real estatesavings accountmoney market fundcertificate of deposit. What kind of listing agreement does Alice have with Jack? Finally, capital refers to the cash, equipment, and other assets needed to start or grow a business. B. Which statement is true? a. government survey system "Sustaining Chinas Economic Growth After the Global Financial Crisis," Pages 1-2. International Federation of Robotics. Greenpeace includes all related activities. Which countries are overapplying nitrogen without gains in crop yields? Practice Questions with no Answers for Preview, >Practice Exam for R.E. The principle of supply and demand states that the price of a commodity, good, or service varies __________, but not necessarily _____________, with demand. Lots and blocks are appox. 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. A. Which statement is true? 160 acres 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. Our articles and data visualizations rely on work from many different people and organizations. 93- Jim has created a nice property flier for the James home. 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. (a) 2.01020m2.0\times10^{-20}\;\mathrm{m}2.01020m All the software and code that we write is open source and made available via GitHub under the permissive MIT license. Improvements in crop yields have been essential to feed a growing population, while reducing the environmental impact of food production at the same time. However, commentators sometimes refer to labor and capital as the two primary factors of production. The factors of production are an important economic concept outlining the elements needed to produce a good or service for sale. 59- Which of the following is a sellers request that an agent cannot honor? Along the same lines, desks and chairs used in an office are also capital. Cultivation of crops on land by farmers increases its value and utility. D) grading, filling, draining, and clearing costs. You have the permission to use, distribute, and reproduce these in any medium, provided the source and authors are credited. Crop yields might seem far from being one of the world's largest problems. The borrower makes payments of interest only over the term of the loan. a. survey 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 ) 97- Buyer Randy makes an offer to purchase one of Broker Toms listings on June 15. Department of Housing and Urban Development, C. Recorders Office in the county where the land is located. How much will your insurance cost per month? a. a grant Special purpose: Property used by the public, such as cemeteries,. What would we call Hannah? 38- When using the straight-line method of depreciation, each year of economic age is given a rate that, A. Varies each year according to a table provided by the IRS, B. His depreciation was $2,500 per year. 64- Which of the following is not a form of personal advertising? 3. a plat map is used in which type of legal description? He pays rent for occupancy, plus maintenance and operating expenses. a. However, as business continued to grow, Meta built its own office space and data centers. They are commonly broken down into four elements: land, labor, capital, and entrepreneurship. 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. 81- Jake has decided to specialize in working with clients who purchase schools. She sold the property and several months later the buyer sued Pam for not disclosing the problem. c. lien D. The UCC is a body of law that standardizes a number of business practices. C. Tangible assets transferred in the sale include inventory, fixtures and equipment. Fragmentation is the use of various suppliers and manufacturers to produce a good. a) construct an influence diagram that relates these variables 28- Abby applies for a federally-related loan to purchase a home. d. lien, 35. Land: Includes undeveloped property, vacant land, and agricultural lands such as farms, orchards, ranches, and timberland. In some cases, all you need is a piece of land that's not currently being used. 74- Which statement is not true about an agency relationship? Under no circumstances, however, is labor owned by firms. The cost of purchase of inventory does not include a. 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. Have keys made for company listings. Indicate whether each item is dis The purchase price, plus depreciation, B. The broker will not provide any. A. Greg Burns is selling his interest in his home to his wife Melanie as part of their divorce settlement. 20- Which of the following would not be an essential component when researching the purchase of an apartment building? d. section 12 is directly north of section 1 in a township, d. section 12 is directly north of section 1 in a township, 19. Which of the following would be considered an intermediate goal? 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. The loan will be distributed to them gradually. U.S. land area covers nearly 2.3 billion acres. For example, private enterprises and individuals own most of the factors of production in capitalism. c. front footage . Present the offer and tell the seller that the check needs to be held until June 30. b. a parcel of land is 1/8 mile by 1/8 mile is 40 acres. 1. Ask the buyers to sign a real estate transfer disclosure statement. c. lot, block and subdivision 45- Kirk wants to get an FHA loan. 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. 73- Which of these is not a buying signal? C. Broker Harry deposits $1000 into his brokerage business account. C. I will open my own office within nine years. A. I will complete the GRI certification in the next four years. 43- The Equal Credit Opportunity Act (ECOA) requires lenders to: A. But, if yields and labor productivity do not increase it will have far-reaching consequences for global poverty, and protection of the environment. The website with the largest amount of demographics information is, What is the median of the following set of gross rent multipliers? b. t46810121416T48465157626871\begin{matrix} A column of townships running North and South is called a: This is an example of. 7- In the initial meetings with the prospects, the agent should do all of the following except which? D. All adjustable rate mortgages have negative amortization. A Bill of Sale gives title to the business equipment. When appraising an income producing property, you have the following GRMs indicated from comparable sales (122, 159, 132, 126, 122, 173, 152, 126). $5,500 the first year, plus a maximum 2% increase in market value per year, B. 90- Marsha has been keeping track of the effectiveness of her advertising campaigns. B. Production, such as manufacturing, can be tracked by certain indexes, including the ISM manufacturing index. A basis of $148,000 and no taxable gain, B. 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. The land that is least conducive to agriculture is sandy soil. The appraiser must avoid mentioning this structure in the report. 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. 49- Agent Dan tells his buyers that the seller will leave the washer and dryer if the buyers make an offer now. For people and planet, it's one of . 39- When doing a competitive market analysis, an agent looks at all but which of the following factors? tomatoes contain a soybean's gene for disease resistance. Whoever brings the buyer will get the commission. As a factor of production, capital refers to the purchase of goods made with money in production. Last year, about 25% of his income came from sales commissions. 75 Here are all the sales in your area in the last 4 months. How many acres are there is the described property? 41- Agricultural land includes all of the following EXCEPT which? Long-term agricultural yields in the United Kingdom. D. The interest payment is always smaller then the amount allocated to the principal. The cost of land typically includes all, except a. Grading, filling, draining and cleaning cost b. The difference in skill levels and terminology also helps companies and entrepreneurs create corresponding disparities in pay scales. 30.4 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? The four components of the Appraiser Qualification Criteria are: qualifying education, examination, experience, continuing education. -pesticides kill prey thereby causing predators to starve or migrate. Their first mortgage will get paid off immediately. What is the area of the ranch? 5 acres Practice Questions with no Answers for Preview, >ALL Real Estate Practice Class Questions with Answers & most with Explanations. The median price of homes sold in your county nine months ago was $217,400. 14- Value includes which of the following aspects? 50- Harry has some buyers that he believes are ready to make an offer. 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 Brainscape helps you realize your greatest personal and professional ambitions through strong habits and hyper-efficient studying. disease-resistant crop varieties 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. Which of the following is Kirk himself not likely to do during the application process? (95, 93, 120, 94, 93, 129). The buyer was responsible for making the discovery, so Pam is therefore liable. The purchase price, plus improvements, C. The fair market value at the time of sale. b. dedication 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 . c. reliction Copyright - CaliforniaRealEstateExamAnswers.com - 2023 -, >Example Final Exam for R.E. 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. What is the key feature of this type of loan? returns on investment is computed in the following manner. Proceeds from issuance of stock. 1. A. Similarly, the use of kiosks in self-serve restaurants can help firms cut back on their labor costs. soil erosion Meanwhile, a company that makes its money from building and renting out office space might see land and capital as its most valuable factors. A property is owned as tenancy in severalty. 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. The listing agent must provide the disclosure to the seller prior to securing the listing agreement. You want to insure it for 80% of value. Which of the following statements is true? 88- Sally and Dan must pay 2 points on their new $65,000 loan. b. recorded plat A. The Federal Reserve can influence the level of economic activity by. C. Exclusive-authorization-and-right-to-sell. For example, an accountants job requires the analysis of financial data for a company. Electronic Data Interchange for transmitting appraisal reports became popular in the (date). C. The loan term will extend gradually over time. Absolute advantage allows an entity to produce a greater quantity of the same good or service with the same constraints than another entity. What kind of mortgage are they looking for? You have found comparable sales of rural land parcels that indicate the following sale prices per acre: ($930, $775, $1202, $995, $1612, $906). The purchase price, plus depreciation As a result, the country became the biggest market for robots. 44- Jim owns a gift shop in a commercial building. California: Real Estate Practice Sample of Final Course Exam, Answers will be revealed with the correct subscription. Costs directly related to the . A. A survey would reveal all of the following about a property EXCEPT: 10. a. Agricultural productivity across Sub-Saharan Africa needs to improve to reduce hunger, poverty, and the destruction of biodiversity. b. a parcel of land is 1/8 mile by 1/8 mile is 40 acres. Each of their payments is for the same amount. Who will pay the points? This site is using cookies under cookie policy . 104- Lorna and Hal have obtained a growing equity mortgage for their new home. It does not include land that is predominantly under agricultural or urban land use. 96- Which statement is not true about a listing contract? For modern mainstream (neoclassical) economists, capital is the primary driver of value. C. Discuss alternative properties that may be interest. Information on current loan programs. 21- Which form of advertising is considered the most cost-effective method for selling a home? It sold for $80,000. 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. In zoning, the distance from the street to the front of a house is called: D. Offer something valuable to the reader. 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? Generally, Light, warm, dry, sandy soil that is acidic and deficient in nutrients is what you may expect to find in a typical climate. If Broker Tom procures a buyer for Jack, Tom will get the commission and Alice will not. 300 ft D. All adjustable rate mortgages have negative amortization. "The Industrial Robotics Industry in China: Demand and Domestic Innovation. How many months inventory does this represent? Entrepreneurship is the secret sauce that combines all the other factors of production into a product or service for the consumer market. 10- Which of the following prospecting techniques do you have to use carefully because it has tended to upset people in recent years?