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Department of State issues additional opinion on corporate titles


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In order to further clarify the opinion on "corporate titles" issued in April, the Department of State has issued an additional opinion letter. The additional opinion letter answers a number of questions posed by brokers about what types of "titles" a broker may confer on a licensee associated with the broker that are not corporate in nature. Essentially, the additional letter reiterates what the April opinion stated.

Only a licensed broker (not an associate broker or salesperson) can possess a corporate title. A corporate title contains any of the following terms: President, Vice President, Secretary, Treasurer, Director and Manager (except for associate brokers acting as an "office manager" pursuant to Real Property Law section 440(6)). The use of other titles is permitted so long as they are not misleading to the public.

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 NEW YORK STATE ASSOCIATION OF REALTORS ® INC.
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