New York License Law
A New York real estate licensee who accepts a gift valued at $500 from a buyer after closing:
AMust return it as all gifts are prohibited
BShould disclose the gift to their broker; accepting gifts from clients is generally permissible if not solicited as compensation✓ Correct
CMust report it to the DOS
DIs subject to automatic license suspension
Explanation
New York license law focuses on compensation 'for' real estate services being paid only through the broker. Unsolicited gifts from grateful clients are generally not prohibited, but should be disclosed to the broker to avoid any appearance of undisclosed compensation.
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