David Saks: October 2009

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Practice : Lesson 354

                                                     #354

If a salesperson works for any brokerage as an independant contactor the salesperson must be paid a regular salary by the brokerage, and needs no supervision by the principal broker.

Is this true or false ?

Take your time. The solution is posted below the wildlife photo.

wildlife

A. False

The salesperson is responsible for their own income as a self-employed individual, which carries the additional responsiblity of filing their own taxes.

The salesperson must always be supervised by the broker.




David Saks



Time&Temp Memphis

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Comment balloon 0 commentsDavid Saks • October 05 2009 12:16AM
Real Estate Practice : Lesson 354
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#354 If a salesperson works for any brokerage as an independant contactor the salesperson must be paid a regular salary by the brokerage, and needs no supervision by the principal broker. &… more
Real Estate Practice : Lesson 353
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#353 It is extremely importaqnt that all real estate agents understand the concepts of contract law, agency, and property laws. Is this true or false or is this something which only… more
Real Estate Practice : Lesson 352
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#352 What is traditionally considered to be the last step in a real estate transaction Take your time. The solution is posted below the wildlife photo. A. The… more
Real Estate Practice : Lesson 351
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#351 When a slaeperson is acting as an employee and is not acting as an independent contractor that salesperson has the right to advertise property under their own name. Is this… more
Real Estate Practice : Lesson 350
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#350 A broker has the right to exercise the decision to control the number of hours an independent contractor would have to work in addition to the work schedule that the… more
Real Estate Practice : Lesson 349
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#349 When a real estate salesperson is paid in a lump sum by the broker or their employer and that same licensee or salesperson is responsible for paying their own taxes, we refer to this… more
Real Estate Practice : Lesson 348
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#348 A buyer became a client of a broker and decided that he wanted to purchase a house that the broker has listed with his company. It's not ok for the broker to show the buyer /… more
Real Estate Practice : Lesson 347
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#347 When a real estate broker is hired by someone to sell their home the broker has an obligation to comply with the directions of any interested buyer. Is this true of false.. more
Real Estate Practice : Lesson 346
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#346 When we speak of confidentiality we consider it to be part of the fiduciary duty of care from the five common-law fiduciary duties of care, obedience, accounting, loyalty and… more
Real Estate Practice : Lesson 345
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#345 The owner decides to abandon the property he has listed with a brokerage. This will terminate the relationship that the broker has with the owner. True or false.. more