New York License Law
A New York broker who is also acting as a principal (buying or selling for their own account) must:
ASurrender their license during the transaction
BDisclose their licensed status to all parties to the transaction✓ Correct
COnly transact through another broker
DGet DOS approval before each transaction
Explanation
When a licensee acts as a principal in a transaction, they must disclose their licensed status to the other party. Failure to do so is a violation of New York license law and could be grounds for discipline.
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