New York License Law
Under New York Real Property Law, an 'associate broker' differs from a salesperson in that:
AAn associate broker may operate an independent brokerage
BAn associate broker holds a broker's license but chooses to work under another broker rather than independently✓ Correct
CAn associate broker is licensed in two or more states
DAn associate broker specializes in commercial real estate only
Explanation
An associate broker in New York has passed the broker's licensing examination and fulfilled all broker requirements, but chooses to be affiliated with and work under another broker rather than operating independently. They hold the broker license but function like a salesperson in terms of supervision requirements.
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