New York License Law
A New York licensee's license must be prominently displayed:
AAt the licensee's personal residence
BAt the broker's place of business✓ Correct
COn all listing agreements
DAt the county clerk's office
Explanation
Under New York law, real estate licenses must be prominently displayed at the broker's principal place of business where the public can readily see them.
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Key Terms to Know
Listing Agreement
A contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
State-Specific Concepts
License Law
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