New York License Law
In New York, which of the following activities by an unlicensed individual is PERMITTED without a real estate license?
AShowing apartments for a property management company for compensation
BNegotiating a lease for a commercial building on behalf of the owner
CAn individual selling their own home (FSBO)✓ Correct
DCollecting rents from tenants on behalf of multiple building owners for a fee
Explanation
A person selling their own property (for-sale-by-owner / FSBO) does not need a real estate license in New York because they are acting as a principal (owner), not as an agent for another person. License requirements apply to people acting on behalf of others for compensation. Acting as a principal is always permissible without a license.
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