Final answer:
Failure to pass the real estate licensing exam would not prevent a real estate license from being issued.
Step-by-step explanation:
Option 2: Failure to pass the real estate licensing exam would not prevent a real estate license from being issued. While criminal conviction related to fraud or embezzlement (Option 1), previous bankruptcy (Option 3), and revocation of a previous real estate license (Option 4) can all potentially prevent the issuance of a real estate license, not passing the licensing exam does not automatically disqualify an individual from obtaining a license. Passing the exam is a requirement for obtaining a license, but failing it does not permanently prevent an individual from receiving the license. They can retake the exam and pass at a later time.