April 2

0 comments

Are Real Estate Agents Independent Contractors?

Are real estate agents independent contractors?

For decades real estate agents have been led to believe that they're independent contractors. However, the IRS does not classify them as independent contractors, and a number of recent state and federal court cases have also resulted with the indication that real estate agents may well be employees.

Listen to Ken go through this issue step by step, describing the various applicable IRS definitions, as well as providing information and analyses of 5 major state and federal lawsuits.

The results of these lawsuits, especially those at the federal level, should be of serious concern to every real estate broker in the United States. These lawsuits and the indications from the courts are sending a clear message to the real estate brokerage industry that (in the words of Bob Dylan) the times they are a changin'.

And, those who are unable to read the writing on the wall, these changes may not only leave them in the dust, but in the poorhouse as well.

WARNING:
The conclusion to this episode may be shocking.

Be sure to listen to the next episode of The Ken Jones Real Estate Show when ken will explore what the real estate brokerage industry might reasonably look like if real estate agents were to be considered employees as opposed to their current status as Statutory Non-Employees.

Subscribe to The Ken Jones Real Estate Show and never miss another episode.

I'd love to hear your thoughts and comments on this subject that should be vitally important to brokers and agents alike.

Send me an email or leave a voice message from your device by pressing the  Start Recording  button below.


Tags

agent, broker, contractor, employee


You may also like

Appraisals: Answers to Commonly Asked Questions

Training, Coaching, and Mentoring | 3 Different Things

Leave a Repl​​​​​y

Your email address will not be published. Required fields are marked

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

Direct Your Visitors to a Clear Action at the Bottom of the Page