New York License Law
Under New York law, which of the following is TRUE about property management by licensed brokers?
ABrokers need a separate property management license
BBrokers may manage property for others using their existing real estate license✓ Correct
CProperty management is not covered by Real Property Law Article 12-A
DOnly attorneys may manage residential property
Explanation
A New York licensed broker (or salesperson under broker supervision) may perform property management services for others under their existing real estate license, without needing a separate license.
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