Question

Farming in real estate terms refers to the practice of ________.

1) prospecting all venues at once
2) cultivating crops on a farm
3) raising livestock on a farm
4) buying and selling land for profit

Answer 1

In real estate, 'farming' refers to the practice of prospecting all venues at once option (1). In agriculture, planting a single crop over an entire field is known as monoculture.

Step-by-step explanation:

Farming in real estate terms refers to the practice of prospecting in a particular geographic area consistently over time with marketing and promotional efforts to establish oneself as the go-to real estate agent in that area. Therefore, the correct answer to the question would be prospecting all venues at once.

However, within the agriculture context, if a farmer plants a single crop like soybean over their entire field, this practice is known as monoculture. Monoculture can simplify the farming process but also has risks such as making the crop more susceptible to diseases and pests that can impact the entire crop.

Agriculture is a renewable method of gaining wealth through the cultivation of the soil for the growing of crops and raising animals. The practice of agriculture requires significant work and can be impacted by global competition, which sometimes results in low profits for agricultural products.

Due to these challenges, farmers might opt to sell their land for commercial or residential development when farming becomes less profitable.