Independent Contractor

Front 1

What factors determines whether the relationship with a real estate licensee in a broker is a contract or employee one?

Back 1

The amount of control, direction, and supervision the broker has all the services performed.

Front 2

What 4 ways does the IRS classifies employment?

Back 2

1. independent contractor
2. employee
3. statutory employee
4. statutory non-employee

Front 3

What type of an employee decides how to accomplish a given task; the payer determines the desired end result.

Back 3

Independent contractors

Front 4

Who are directed by employers who determine the results of a task and how they want it to be achieved?

Back 4

Employees.

Front 5

What type of independent contractor are classified as employees for Social Security and Medicare taxes?

Back 5

Statutory employees.

Front 6

What type of independent contractors are bound to meet specific criteria?

Back 6

Secretory non-employees

Front 7

What is the three categories of common law rules determining whether the relationship between a worker and a business is that of an employee or independent contractor?

Back 7

1. Behavioral control
2. Financial control
3. Type of relationship between the parties.

Front 8

An independent contractor _________.

Back 8

Is not subject to withholding requirements.

Front 9

An important part of the relationship between a broker in a salesperson is that the salesperson ______________.

Back 9

is paid commission based on sales results.

Front 10

Which IRS classification would not apply to a real estate agent?

Back 10

Statutory employee