Copies of all listings, deposit receipts, canceled checks and trust records must be retained by a licensed real estate broker for:

a. 1 year.
b. 2 years.
c. 3 years.
d. 4 years.

Answer: c. 3 years.

Business

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With regard to employment, pregnancy is a temporary disability.

a. true b. false

Business

Which of these statements about a journal is false?

A. It contains only revenue and expense accounts. B. It provides a chronological record of transactions. C. It helps to locate errors because the debit and credit amounts for each entry can be readily compared. D. It discloses the complete effect of a transaction in one place.

Business