Which of the following practices is allowed for licensees under Rhode Island mortgage law?

The practice of entering into a contract for specific loan terms that are available is permissible under Rhode Island mortgage law. This practice ensures that licensees are operating within the legal framework while providing clients with clear and defined loan options. By establishing contracts based on available terms, licensees can offer transparency and clarity to borrowers, promoting fair lending practices.

In contrast, the other choices present actions that could potentially violate ethical and legal standards within the mortgage industry. Claiming a loan is endorsed by the state could mislead borrowers and is not a permitted practice, as it could imply state validation that does not exist. Allowing an unlicensed individual to use a license directly contravenes licensing laws and compromises regulatory integrity. Collecting fees without performing any work also raises legal and ethical concerns, as it does not correspond to providing legitimate services to clients. Thus, option A stands as the only correct and allowed practice under the law.