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Under New York Real Property Law Article 12-A, which of the following most accurately describes the basis on which the Department of State may deny, suspend, or revoke a real estate license?

Correct Answer

B) The licensee's conduct demonstrates untrustworthiness or incompetency in a manner that endangers the public interest

NY Real Property Law §441-c authorizes the DOS to deny, suspend, or revoke a license when a licensee has demonstrated untrustworthiness, incompetency, or fraudulent dealing in a manner that is harmful to the public interest. Protection of the public is the statutory foundation for DOS disciplinary authority under Article 12-A.

Answer Options
A
The licensee has failed to meet a minimum annual transaction volume set by DOS
B
The licensee's conduct demonstrates untrustworthiness or incompetency in a manner that endangers the public interest
C
The licensee has not maintained membership in a state-recognized real estate trade association
D
The licensee has charged commission rates below the DOS-established minimum schedule

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Related Topics & Key Terms

Key Terms:

public_protectionregulatory_purposedos_missionconsumer_safety

Related Concepts

Deed restrictions are limitations placed in a deed that control how a property may be used by the current and future owners. They are a form of private land use control that runs with the land.

An easement is a legal right to use another person's land for a specific purpose without owning it. It is a nonpossessory interest in real property that typically runs with the land.

An easement by necessity is created by court order when a property is landlocked and has no access to a public road. It arises from the necessity of accessing the property, not from long-term use.

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