How Can Brokers Preserve Independent Contractor Status?
While U.S. tax law supports the current definition of an “independent contractor,” recent changes to U.S. labor law call it into question, and that could potentially impact Realtors.
Compensation from Both the Buyer and Seller?
A listing broker didn’t tell their seller they received a finder’s fee from the buyer – but the fee didn’t impact the Realtor’s honest and ethical advice. Why is it an issue under the Code of Ethics if the finder’s fee was negotiated before taking the listing?
My Former Broker Reduced My Commission
Before leaving a real estate brokerage firm, associates should thoroughly review their independent contractor agreement to find out what portion of commission, if any, the associate will be entitled to after leaving.