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9 Cards in this Set

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  • Back

pays the income tax & may not receive any employee benefits from the broker.

independent contractor

who can regulate the work hours, office routine, and attendance at meetings of employees and may withhold income, social security, FICA, and state taxes. independent contractor

the broker

Disputes between _________ will be settled by arbitration

Realtors(R)

Disputes between _________ will be settled through the court system.

non-realtors

what law does not allow groups of brokers to fix commission rates among or between brokers

Federal and state antitrust laws

what should you have from each broker on how the commission is divided.

written agreement

who can the salesperson receive commission from?

broker only

who advertise the property

brokerage

form 8300 should be filled out how many days after the transaction

15 days