License Law & AgencyQuestion 24 of 100
The New York statute governing the licensing and conduct of real estate brokers and salespersons is:
a.The Uniform Commercial Code
b.Regulation Z
c.Article 12-A of the Real Property Law
d.The Statute of Frauds only
Explanation
Article 12-A of the New York Real Property Law is the licensing law that defines brokers and salespersons and sets rules for their conduct. The Department of State administers it. Requirements under this article can be amended, so licensees should verify current provisions.
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