David Saks: July 2012

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 1754

                                                     #1754

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

Legal Disclaimer
Please be advised that:

 The information and notices contained in this blog are intended to summarize recent developments and news. The posts are presented as general research and information. These posts are not intended, nor should be regarded, as legal advice. Some blog posts concern allegations made in civil lawsuits and in criminal indictments in United States Courts. All persons are presumed innocent until convicted of a crime and proven guilty. Readers who have particular questions or who believe that they need legal counsel should seek the advice of a qualified attorney. It is neither the editor's or author's intention to create a confidential relationship or any broker-client relationship via communication from this site at any time. Please consult with your state real estate board if questions & answers in the education section conflict with the laws of your region or if you need clarification regarding their applicability or how they may govern the services that you provide.

By entering this web site, you understand the following:
When you select a link to an outside Web site, you are subject to the privacy, copyright, security, and information quality policies of that Web site. David Saks:
1.DOES NOT control or guarantee the accuracy, legality, relevance, timeliness, or completeness of information contained on a linked Web site;
2.DOES NOT endorse linked Web sites, the views they express, or the products/services they offer unless linked web sites, the views they express, or the products/services they offer endorse or support David Saks in accordance with the standards of the Tennessee Real Estate Commission and the Federal Government's laws regarding commerce and the application, solicitation and transmission of internet-related concerns, commerce or social networking;
3.CANNOT authorize the use of copyrighted materials contained in linked Web sites;
4.IS NOT responsible for transmissions users receive from linked Web sites;
5. That DavidSaks.Com is biographical & real estate related. Some links within will leave this site.
6. http://activerain.com/profile/davidsaks is internet-compliant & abides by the rules & regulations of the Tennessee Real Estate Commission, Eve Maxwell, Executive Director.
7. Unless indicated otherwise, ActiveRain does offer listings, or IDX and is provided for licensed salespersons, brokers, buyers & sellers of real property as a community & professional service.
8. David Saks is a retired / licensed real estate broker in the State of Tennessee, license #290452, and an independent contractor.
9. Information is believed to be accurate, but not guaranteed, at any realty link or document connected to the World Wide Web & viewable by anyone connected to the internet who has a web browser.
10. Brokers, buyers, sellers, agents & anyone should independently verify any information prior to submitting any offer to purchase goods & services from any link.
11. Please Visit The American Real Estate Alliance or Memphis.8k.Com for additional information regarding property issues for real estate professionals and consumers.

 

Photos © & Licensed by Nova Development

All Content Protected © 
Before you even think about
committing a real estate crime
click this red button.
Real Estate Crimes

© All Rights Reserved.

 

 

 

 

"Information generated by the Department of Justice is in the public domain and may be reproduced, published or otherwise used without the Department’s permission. Citation to the Department of Justice as the source of the information is appreciated, as appropriate."

Department of Justice Legal Policies


 

  Real Estate Crimes

 

Click "HERE" For Today's Question

 

 

TheListen Now!

David Saks Show

Saturday Nite

9pm-12am Central

University of Memphis

WUMR

 

Support
America's Hobby

Click Elvis

Mr.Saks' participation in ActiveRain ended April 13, 2015.

His blog archives will remain online.

May God bless you.

Comment balloon 0 commentsDavid Saks • July 23 2012 08:37AM
Real Estate Practice : Lesson 1754
share
#1754 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 1753
share
#1753 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 1752
share
#1752 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. … more
Real Estate Practice : Lesson 1751
share
#1751 When a salesperson 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… more
TWENTY INDIVIDUALS CHARGED WITH MAKING FALSE STATEMENTS IN LOAN APPS
share
Twenty Individuals Charged in Puerto Rico with Making False Statements in Loan Applications U. S. Attorney’s Office July 19, 2012 District of Puerto Rico (787) 766-5656 &… more
ELEVEN CHARGED AND ARRESTED IN 15 MILLION DOLLAR MORTGAGE FRAUD SCHEME
share
Eleven Charged, Arrests Made in $15 Million Mortgage Fraud Scheme Federal Indictment Charges Wire Fraud, Money Laundering, and Attempted Murder of a Witness U. S. Attorney’s Office July 19, 2012 &… more
FOUR MORE MORTGAGE SWINDLERS WILL GO TO PRISON INCLUDING TWO ATTORNEYS
share
Prison Time for 4 Mortgage Fraudsters John Farano 50, Palos Park, Illinois, and Charles Murphy 65, Chicago, Illinois, both attorneys were sentenced along with two others following their convictions for participating in a multi-million… more
WOMAN ARRESTED FOR REAL ESTATE PONZI SCHEME
share
Woman Arrested for Real Estate Ponzi Scheme Celia Gallardo 42, North Hills, California, a real estate agent and self-described real estate investor charged with running a million dollar-plus Ponzi scheme out companies based in the Santa… more
MAN PLEADS GUILTY TO MORTGAGE SCAM INVOLVING ILLEGAL FLIPPING
share
Man Admits Mortgage Scam Involving Illegal Flipping Raymond Paul Morris 51, South Weber, Utah, pleaded guilty in federal court for his involvement in a multi-million-dollar mortgage fraud scheme linked to properties at a Putnam County, West… more
ANOTHER LAWYER PLEADS GUILTY TO MORTGAGE FRAUD CONSPIRACY
share
Another Lawyer Admits Mortgage Fraud Conspiracy Bradford J. Rieger 56, Woodbridge, Connecticut waived his right to indictment and pleaded guilty to one count of conspiracy to commit mail fraud, wire fraud and bank fraud. The charge stems… more