New York License Law
Under New York law, unlicensed 'bird dogs' or referral fees paid to unlicensed individuals by real estate brokers are:
ALegal if the fee is under $500
BIllegal; compensation for real estate referrals must be paid only to licensed individuals✓ Correct
CLegal if the referral is only for commercial properties
DLegal if disclosed in writing to all parties
Explanation
New York law prohibits brokers from paying real estate referral fees or compensation to unlicensed individuals. All compensation for real estate services must be paid to licensed brokers or salespersons.
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