License Law & AgencyQuestion 43 of 100
Which act by a licensee would most likely be grounds for revocation of a New York real estate license?
a.Converting a client's escrow deposit for personal use
b.Presenting all written offers to the seller
c.Recommending the buyer obtain a home inspection
d.Providing the agency disclosure form on time
Explanation
Converting client escrow funds to personal use is a serious violation of trust and license law and can lead to revocation and other penalties. Presenting offers, recommending inspections, and timely disclosure are proper professional practices. The DOS enforces these standards under Article 12-A.
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