Real Estate

Real Estate Practice -2 (Understanding-Answers)

admin 2019.04.11 16:01 Views : 618

  1. From whom may a salesperson receive compensation for performed activities?

    ONLY from the employing broker

     
  2. What is the major difference between an employee and an independent contractor? 

    The issue of control - A broker can control the what and the how of an employee. A broker can control the what, but not the how of an independent contractor.

     
  3. What kinds of insurance do brokers normally require of their employees? 

    High limits of automobile insurance with the broker named as an insured. 

     
  4. What should a licensee's written employment agreement contain? 

    Each person's responsibilities to the other 
    The broker's supervision 
    The licensee's duties 
    The licensee's compensation program 
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