Choosing between an independent contractor or hiring a real estate agent as an Employee?
Choosing between an independent contractor or hiring a real estate agent as an Employee?
Real estatediffers from many other professions in that real estate agents are often considered independent contractors, even if they work entirely for one firm. That means that the majority of your real estate agents aren't actually employees of your brokerage. They have more freedom in terms of when and how they work as independent contractors.
Some licensed real estate agentsmay be considered full-time workers. The primary indication is how much they are paid. Employees are those who are paid depending on the number of hours they work. Independent contractors are real estate agents who earn money depending on the services they perform, such as getting commissions on sales. Some brokers recruit licensed real estate agents as assistants and pay them by the hour, making them employees.
