Which article of real property law pertains specifically to licensees?

The correct choice refers to Article 12A of the New York Real Property Law, which specifically addresses the conduct and licensing of real estate brokers and salespersons. This article outlines the requirements for obtaining a license as well as the responsibilities of licensees in their professional conduct. It includes stipulations regarding the duties of licensees to their clients and the public, helping to ensure ethical practices within the real estate industry. The importance of this regulation lies in its aim to protect consumers and maintain a standard of professionalism amongst real estate practitioners in New York.

Other articles, while they may address real property issues, do not specifically focus on the licensing and regulatory framework for real estate professionals like Article 12A does. This specificity is crucial for anyone involved in real estate transactions, as it dictates the proper procedures and ethical considerations for those working in the field.