In Which States Are Licensing Examinations Required for a Real

question 80

Multiple Choice

In which states are licensing examinations required for a real estate license?

• A) Only the western states
• B) All but the New England states
• C) All but Texas, Hawaii and Alaska
• D) Every state

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Definitions:

Allowance Method

A method in accounting that involves estimating the accounts that are uncollectible at the end of each period to account for bad debts.

Receivables

Amounts owed to a company by customers or other parties as a result of the company providing goods or services on credit.

Bankruptcy

A judicial process concerning an individual or enterprise that cannot fulfill its debt obligations.

Service Contract

A formal agreement between a service provider and a client, detailing the terms of service to be rendered.