David Saks: April 2014

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 2649

  #2649

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 person as an employee.

Is this true or false.

Remember to take your time. The answer is posted below the wildlife photo.

wildlife

A. False.

If the agent / salesperson is responsible for paying their own taxes we refer to them as an independent contractor.




David Saks



Time&Temp Memphis

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Comment balloon 0 commentsDavid Saks • April 07 2014 08:45AM
Real Estate Practice : Lesson 2649
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#2649 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 person as an employee. Is this true or false… more
Real Estate Practice : Lesson 2648
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#2648 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 / client the house that he has listed for sale. True… more
Real Estate Practice : Lesson 2647
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#2647 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 Take your time. The solution is posted below the… more
Real Estate Practice : Lesson 2646
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#2646 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 disclosure. True or false Please take your… more
Real Estate Practice : Lesson 2645
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#2645 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 Take your time. The solution is posted below the… more
Real Estate Practice : Lesson 2644
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#2644 When a real estate broker acts as the agent for the seller the broker has an obligation to disclose confidential information about the seller to the buyer if it helps the chances of closing the deal. True or false Take your… more
Real Estate Practice : Lesson 2643
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#2643 In a real estate transactionn, when one speaks of a fiduciary relationship their typically referring to a relationship that will allow another person to act on behalf of another with the additional privilege and grant of legal power … more
Real Estate Practice : Lesson 2642
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#2642 A house was built on top a pile of manure. The ceilings of the home we're also poorly constructed and poorly attached to any supporting members or beams. This would be considerd an example of a stigmatized property … more
Real Estate Practice : Lesson 2641
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#2641 A buyer inquired as to whether or not a city landfill was going to be constructed on an adjacent lot in a new subdivision. The seller's agent replied that she didn't know even though the agent was fully aware of the fact and… more
Another Crooked Mortgage Broker Gets More Than 3 Years In the Slammer
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Annandale Mortgage Broker Sentenced to 38 Months in Prison for Involvement in Mortgage Fraud Scheme U. S. Attorney’s Office April 03, 2014 Eastern District of Virginia (703) 299-3700 .. more