Final answer:
The theory that gives New York State the right to require licenses in real estate is based on the government's authority to regulate property matters.
Step-by-step explanation:
The theory that gives New York State the right to require licenses in real estate is based on the government's authority to regulate property matters. Business owners have the right to own, use, and dispose of property, but they also have the responsibility to follow government regulations. Zoning regulations, which have been adopted by virtually every major urban area in the United States, are a common form of land-use regulation.