Licensee Info. Flashcards
0
Q
Disputes
Realtors
Non realtors
Office
A
Realtors- arbitration
Non- court
Office- company polices
1
Q
To be a independent contractor?
A
Have current real estate license
90% of income must be based on sales production not hours worked.
Statement: will not be treated as an employee
Pays own taxes and social security
2
Q
Who files with IRS?
A
Receives more than 10,000 in cash in 1 transaction or two related.
Form 8300
Filed by 15th day after cash received.
Next day if sat, sun, or holiday.
