1) Which of these statements to an independent contractor applies? 1) How often should the broker verify the written agreement with the independent contractor? In your real estate business, your obligations to independent contractors are much lower than to your employees. Even though your real estate agents will work under your supervision, they will retain some independence and control over their work and you are not obligated to abide by U.S. labor laws with respect to the independent contracting relationship. a) you must participate in all sales discussions. b) they must have signed a written labour agreement. c) you must work at least 15 hours per week. d) You must do all the work at the office. 4) Which of the following services does a broker legally have to make available to an employee? Keep accurate accounting records and document all commissions relative to other brokerage income. In fact, the cleanest business would be to get only commissions and maybe a few refunds from time to time, but not often.
This blog/this website is provided by CRES Insurance Services for educational purposes to give you general information and understanding of legal risks and insurance options, not to provide specific legal advice. This blog/this site should not be used as a substitute for competent legal advice by a licensed professional lawyer in your state. The examples of claims serve only to illustrate. Read your policy for a full description of what is covered and excluded. (a) before signing an agreement buyer_s agency. b) after signing an agreement buyer_s agency. c) depending on the offer. (d) three days before closing.
(a) the buyer receives a $500 credit from the seller at the closing. b) the buyer receives a credit of $800 at the seller`s closing. c) the seller loses all dense funds. (d) the real estate agent is liable to a fine of $500. In the U.S. real estate industry, real estate agents under the supervision of real estate agents are generally not considered workers, unless that employer/employee has been explicitly identified. Instead, real estate agents are considered independent contractors in most cases. 2) What type of list allows the owner to sell his property directly and without due commission? However, the person for whom the services are provided and the broker or distributor must comply with the requirements of Section 12-A of the Real Estate Act and the rules related to it does not affect the status of the broker or seller as an independent contractor, nor should it be construed as an indication that the broker or distributor is an employee of the person for whom the services are provided for any purpose; federal and regional labour law and national real estate licensing laws apply to the classification of sellers by a brokerage firm.