N.Y. Real Property Law § 442-c: Violations by salespersons; broker's responsibility

§ 442-c. Violations by salespersons; broker's responsibility. No

violation of a provision of this article by a real estate salesperson or

employee of a real estate broker shall be deemed to be cause for the

revocation or suspension of the license of the broker, unless it shall

appear that the broker had actual knowledge of such violation or retains

the benefits, profits or proceeds of a transaction wrongfully negotiated

by their salesperson or employee after notice of the salesperson's or

employee's misconduct. A broker shall be guilty of a misdemeanor for

having any salesperson associated with their firm who has not secured

the required license authorizing such employment.