Final answer:
Article 12-A requires real estate licenses to ensure qualified professionals are involved in real estate transactions, maintaining professionalism, accountability, and protecting the interests of all parties involved.
Step-by-step explanation:
Article 12-A requires real estate licenses because it is a legal regulation that ensures individuals involved in real estate transactions have the necessary knowledge and qualifications to protect the interests of all parties involved. The licensing requirement helps maintain professionalism and accountability in the industry.
Real estate transactions involve large amounts of money and important legal agreements. By requiring licenses, the government ensures that only qualified professionals with a good understanding of the laws and regulations pertaining to real estate are involved in these transactions. This helps prevent fraud, misconduct, and unethical practices.
Moreover, Article 12-A also establishes standards and regulations for the practice of real estate brokerage, ensuring that licensed professionals adhere to ethical and professional conduct. This helps protect consumers and maintain the integrity of the real estate market.