New York License Law
Which of the following is TRUE about an associate broker in New York?
AAn associate broker holds a salesperson license and has not yet passed the broker exam
BAn associate broker has completed broker education and passed the broker exam but works under another broker✓ Correct
CAn associate broker can operate independently without a sponsoring broker
DAn associate broker is a broker who has an associate's degree
Explanation
An associate broker in New York has completed the broker education requirements and passed the broker licensing exam but chooses to work under the supervision of another (principal) broker rather than independently.
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