Who Can Sell Real Property WITHOUT a License

question 47

Multiple Choice

Who can sell real property WITHOUT a license?

• A) Anyone, as long as they only sell one property per year
• B) An attorney, acting within his duties as an attorney
• C) Anyone, as long as they do not sell more than $100,000 worth of property in any one year
• D) A judge who is helping out a friend

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Definitions:

Acid-test Ratio

A stringent test that measures the liquidity of a company by comparing its most liquid assets (excluding inventory) against its short-term liabilities.

Receivable Turnover

A financial ratio that measures how efficiently a company collects on outstanding accounts receivable during a particular period.

Inventory Turnover

A financial ratio indicating how many times a company has sold and replaced inventory over a period.

Current Ratio

It's a measure of a corporation's capability to meet its immediate financial obligations using its current assets.