33- Which statement is true about a loan that has a negative amortization? In the 1970s, who developed uniform rules for mortgage underwriting? C. Broker Harry deposits $1000 into his brokerage business account. 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? He pays rent for occupancy, plus maintenance and operating expenses. Factors of production are the inputs needed for creating a good or service, and the factors of production include land, labor, entrepreneurship, and capital. b. meridians 1. Except for labor, ownership for factors of production varies based on industry and economic system. All of our charts can be embedded in any site. The federal financial institutions regulatory agencies directly involved in fair lending include all of the following EXCEPT. d. 2.5 square miles, 15. A. Mike has changed jobs six times in the past six months. 43- The Equal Credit Opportunity Act (ECOA) requires lenders to: A. Each of their payments is for the same amount. c. 2 townships A developer of a shopping center buys three adjoining lots for $124,000, $75,000 and $111,000 creating a single parcel worth $420,000. For a group of early French economists called the physiocrats, who predated the classical political economists, land was responsible for generating economic value. A property owner on a river or creek is said to have which type of rights? Then the prey population rebounds larger than before since predators are gone Last year, about 25% of his income came from sales commissions. Rangelands include natural grassland, savannas, many wetlands, some deserts, tundra, and certain forb and shrub communities. Which of the following types of investments has historically generated the highest return on investment? b. the description is imperfect if it does not end at the point of beginning You can say that the land is preserved wilderness, or put it to some kind of agricultural use to save on property taxes. C. If the selling agent does not deal directly with the seller, the selling agent is not required to provide the disclosure. a. recorded plat, us government survey, and street address. B. a. seller d. 600 ft, 37. 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. 81- Jake has decided to specialize in working with clients who purchase schools. Land, labor, and capital as factors of production were originally identified by early political economists such as Adam Smith, David Ricardo, and Karl Marx. 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. Give a discount to families with children. D. The selling agent must provide the disclosure to the buyer as soon as practicable prior to the execution of the buyers offer to purchase. At first, there was no need for land. Purchase of equipment. 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 methods of legal land description would most likely be used to describe agricultural lands? What Is a Sunk Costand the Sunk Cost Fallacy? 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 method of land description would describe an irregular piece of property? b. metes and bounds (e) 6.61027m6.6\times10^{-27}\;\mathrm{m}6.61027m. Understanding the kind of responses your advertising generates, D. Being able to anticipate the callers requirements. 51- Which statement is true about a homeowners exemption? A. The lender will allow you to spend up to 28% of your annual income for housing costs, including your mortgage, property taxes, and insurance. When, is 0.100 M, the rate of disappearance of ethyl bromide is, 1.7107M/s1.7 \times 10 ^ { - 7 } \mathrm { M } / \mathrm { s } 4024 pine street, Missoula, missoula country mt 59801 Give credit to all potential borrowers. A. C. Use an attractive first-class stamp. 55- Greg is approved for a Cal-Vet loan. Production workers are paid for their time and effort in wages that depend on their skill and training. 48- The public report that a developer must provide when offering subdivided lands for sale is provided by which agency? 19- Which of the following is not an advantage of hosting an open house? A. Generates leads for new listings. (a) 2.01020m2.0\times10^{-20}\;\mathrm{m}2.01020m d. private mortgage insurance, 26. if a property owner had a land survey done on his property it would include all of the following EXCEPT: You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. What is the median of these numbers: 19, 11, 64, 36, 81, 22, 35, 95? 53- Greg sold an apartment building he owned for 20 years. She is probably using all but which of the following tools? What does that mean? D. Write advertisements and promotional materials with the approval of the licensee and supervising broker. An illustration of the above is the difference in markets for robots in China compared to the United States after the 2008 financial crisis. 69- According to ECOA, lenders cannot discriminate against potential borrowers on the basis of all but which of the following? 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 . Whoever brings the buyer will get the commission. 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. (95, 93, 120, 94, 93, 129). D. Allows viewing access to strangers. 160 acres Buyer Jim asks if he can visit the property for a second time. Which of the following statements is TRUE about metes and bounds? Brenda refuses. The length of the front of a lot on the street is referred to as the lot's: C. It creates an agency relationship. However, during periods of economic expansion, they invest in new machinery and equipment to bring new products to market. c. eminent domain However, money is not a factor of production because it is not directly involved in producing a good or service. d. a showing of the property's boundaries to scale, a. an identification of the grantor and grantee, 27. 63- Jennys home appraised for $550,000. , ided by total investment.. total investment is current assets (inventories, accounts receivables and cash) plus fixed assets. C. The fair market value at the time of sale a. B. Integrated pest management incorporates all of the following methods except Organisms at higher levels on food webs tend to have greater concentrations of bioaccumulated pesticide stored in their bodies through a process known as. Depending on the specific circumstances, one or more factors of production might be more important than the others. 1. c. us government survey, PO box, and metes and bounds c. contribution 21- Which form of advertising is considered the most cost-effective method for selling a home? a. the water rights reserved by a previous owner D. The interest payment is always smaller then the amount allocated to the principal. The borrower makes payments of interest only over the term of the loan. a. government survey system The World Bank divides the world into four groups. For modern mainstream (neoclassical) economists, capital is the primary driver of value. The Uniform Commercial Code covers the sale of goods over $________. B. A Fannie Mae. D. Have the prospects sign the disclosure about agency relationship. D. Pam is has no duty to investigate and may rely on the opinion of a heating professional or home inspector. d. assemblage, 39. Image by Sabrina Jiang Investopedia2020, Absorption Costing Explained, With Pros and Cons and Example, What Is an Amortization Schedule? In this context,technology has a fairly broad definition and can refer to software, hardware, or a combination of both used to streamline organizational or manufacturing processes. Which of the following would be considered an intermediate goal? 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. He says to them, Would you prefer to take possession on September 1 or October 1? What kind of closing technique is Harry using? 59- Which of the following is a sellers request that an agent cannot honor? B. 57- Under federal income tax law, the basis for a personal residence is which of the following: 34- Sarah is an employee and Ken is an independent contractor at Kerns Realty. Give the prospects a black copy of a purchase agreement to look over. Today, capital and labor remain the two primary inputs for processes and profits. The table shows values of this function recorded every two hours. B. Pleases the sellers by inv=creasing activity. 93- Jim has created a nice property flier for the James home. He just sold it for $13,000. In appraisal, the concept that a higher-priced property will be worth less in a lower-priced neighborhood than it would in a neighborhood of comparable properties is the definition of the principle of. 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 How many acres is that? Which of the following is Kirk himself not likely to do during the application process? D. Exclusive-authorization-and-right-to-sell agreement. For example, a software company that relies primarily on the labor of skilled software engineers might see labor as its most valuable factor of production. crop rotation On this page you can find all our data, visualizations and writing relating to crop yields. As a factor of production, capital refers to the purchase of goods made with money in production. The proportion of the land base in agricultural uses has declined from 63 percent in 1949 to 51 percent in 2007. A. Brenda must follow all of Jims instructions. D. I will distribute 200 business cards every month for the next six months. Property Owner A has the right to develop his property into 10 lots. a) construct an influence diagram that relates these variables D. Offer something valuable to the reader. Housing and Community Development Act. 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 . You want to buy a house for $243,500. A survey would reveal all of the following about a property EXCEPT: C. I will open my own office within nine years. 44- Jim owns a gift shop in a commercial building. He sells this right to nearby Property Owner B who wishes to develop his property into additional lots. Which of these factors would result in a violation of USPAP if the appraiser based his or her appraisal fee on it? a. quadrant 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. Claims that the world has only 100, 60, or even 30 years of harvests left often hit the headlines. Lots and blocks are appox. Which of the following would be the least likely place for them to obtain a loan? 96- Which statement is not true about a listing contract? B. The three methods used to legally describe land are: 92- Which of the following situations is not exempt from the seller disclosure requirement? 88- Sally and Dan must pay 2 points on their new $65,000 loan. 67- Hannah is a real estate assistant. 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 ) Purchase price b. Land as a factor of production can mean agriculture and farming to the use of natural resources. Double-Declining Balance (DDB) Depreciation Method Definition With Formula. "IFR Presents World Robotics Report 2020. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. 2240 acres Which is the fullest and most complete type of estate? How much is your property worth today? 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? Federal Reserve Bank of San Francisco. D. The first and second mortgage will be rolled into one. Please remove your shoes before entering the home.