New York License Law
In New York, 'commercial real estate' transactions involving the sale of a business that includes real property may require both a real estate license AND:
AA commodities trading license
BA business broker's license or compliance with GBL Article 23-A if securities are involved✓ Correct
CAn attorney's license for all transactions
DA DOS permit for each transaction
Explanation
When a business sale includes real property, the broker typically needs a real estate license. If the transaction involves securities (e.g., sale of a business entity owning real property), additional registration or compliance with the Martin Act (GBL Article 23-A) may be required.
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