EstatePass
Ny License Law Dos RegulationsLicense_categoriesMEDIUM

Under New York Real Property Law, which of the following individuals is NOT required to hold a real estate license when engaging in real estate activity?

Correct Answer

B) A licensed attorney performing real estate services incidental to the practice of law, without separately charging a brokerage commission

Under New York RPL §442-f, licensed attorneys are exempt from real estate licensing requirements when their real estate activities are incidental to the practice of law and they do not hold themselves out as brokers or salespersons. This is a clearly defined statutory exemption.

Answer Options
A
A property manager who negotiates lease terms and collects rent on behalf of multiple unrelated property owners for compensation
B
A licensed attorney performing real estate services incidental to the practice of law, without separately charging a brokerage commission
C
A salaried employee of a single property owner who leases units exclusively in that owner's buildings
D
A person who lists and markets residential properties for sale on behalf of others in exchange for a fee

Why This Is the Correct Answer

Sign up free to unlock full analysis

Why the Other Options Are Wrong

Sign up free to unlock full analysis

Deep Analysis of This Ny License Law Dos Regulations Question

Sign up free to unlock full analysis

Background Knowledge for Ny License Law Dos Regulations

Sign up free to unlock full analysis
Sign up free to unlock full analysis

Real World Application in Ny License Law Dos Regulations

Sign up free to unlock full analysis

Common Mistakes to Avoid on Ny License Law Dos Regulations Questions

Sign up free to unlock full analysis

Related Topics & Key Terms

Key Terms:

licensing_exemptionowner_salepersonal_residenceexempt_activities

Related Concepts

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.

Spot zoning is an illegal or improper rezoning of a small parcel of land that is inconsistent with the surrounding zoning and the comprehensive plan. It benefits an individual owner rather than the community as a whole.

Subdivision regulations are local government rules that control the division of land into smaller parcels for development or sale. They ensure proper infrastructure, lot sizes, and public improvements are provided.

Was this explanation helpful?

More Ny License Law Dos Regulations Questions

People Also Study

Related Articles

Practice More Questions

Access 2,000+ practice questions and pass your real estate exam.

Start Practicing