New York License Law
Under New York Real Property Law Article 12-A, which of the following is grounds for revocation or suspension of a real estate license?
ARepresenting both the buyer and seller in the same transaction with informed consent
BPaying a referral fee to a licensed broker in another state
CMaking a material misrepresentation to a principal✓ Correct
DAdvertising property in a local newspaper
Explanation
Making a material misrepresentation to a principal is a statutory ground for license discipline under New York Real Property Law Article 12-A. Dual agency with informed consent and interstate referral fees to licensed brokers are generally permitted.
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