§ 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.