New York License Law
In New York, a 'dual license' (holding both a real estate license and another professional license) is:
AProhibited by the DOS in all circumstances
BGenerally permitted, but the licensee must be careful not to engage in conflicts of interest or use one license to improperly benefit activities under the other✓ Correct
CAutomatically considered a conflict of interest
DOnly allowed with DOS written approval
Explanation
New York generally permits a person to hold a real estate license along with other professional licenses (such as a law license, insurance license, or mortgage broker license). However, the licensee must be vigilant about avoiding conflicts of interest — for example, a real estate agent who is also a mortgage broker must fully disclose both capacities and manage the potential conflict when recommending financing.
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