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Ny License Law Dos RegulationsLicense_categoriesMEDIUM

Mark is a New York real estate broker who wants to open a branch office in a different county. What licensing requirements apply to the branch office?

Correct Answer

A) He must register the branch office with DOS and designate a supervising broker

New York requires branch offices to be registered with the Department of State and have a designated supervising broker. While the main broker license may cover multiple locations, proper registration and supervision requirements must be met.

Answer Options
A
He must register the branch office with DOS and designate a supervising broker
B
Mark's existing broker license covers branch offices throughout New York State
C
The branch office needs a separate broker license for that county
D
Branch offices are not permitted for individual broker licenses in New York

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Related Topics & Key Terms

Key Terms:

branch_officeregistrationsupervising_brokerDOS_requirements

Related Concepts

Police power is the government's authority to enact laws and regulations to protect the public health, safety, morals, and general welfare. It is the broadest power government has over private property.

Restrictive covenants, also known as CC&Rs (Covenants, Conditions & Restrictions), are private agreements written into deeds or HOA documents that limit how property can be used. They are enforced by property owners, not the government.

Setback requirements are zoning regulations that specify the minimum distance a building or structure must be set back from property lines, streets, or other boundaries. They ensure adequate light, air, and space between structures.

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