New York License Law
The New York DOS has authority to do all of the following EXCEPT:
AInvestigate complaints against licensees
BSuspend or revoke a real estate license
CSet mortgage interest rate caps for real estate transactions✓ Correct
DIssue real estate broker and salesperson licenses
Explanation
The DOS Division of Licensing Services licenses, investigates, and disciplines real estate licensees, but does not regulate mortgage interest rates. Rate caps are a matter of banking and finance law, overseen by the Department of Financial Services.
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