CHP 36 - Broker Agent Relationship Flashcards
1
Q
Common Law Rules
A
- Behavioral
- Financial
- Type of Relationship
2
Q
IRS Code Section 3508
A
Safe Harbor Test to qualify as an independent contractor
3
Q
3 Conditions of Safe Harbor
A
- Licensed
- Income based on output
- Written agreement which outlines services
4
Q
3 important questions when Negotiating contract
A
- start up costs
- Expenses
- Commission schedule
5
Q
what 5 topics must be included in every written agreement with employee OR contractor
A
- Supervision
- Duties
- Duration
- Termination
- Compensation
6
Q
Type of training that new salespersons need
A
management systems
philosophy of brokerage company
7
Q
Salespersons must perform all of their activities on behalf of their employing broker
True of False
A
True
