2007-11-26 06:36:51 · 3 answers · asked by Love is in the air. . . 2 in Business & Finance ➔ Taxes ➔ United States
Independant Contractor
2007-11-26 06:40:58 · update #1
According to the Tax Equity and Fiscal Responsibility Act of 1982, the conditions below must be follwed in order for anyone to be recognized as an independant contractor in the real estate industry:
The individual must have a current real estate license.
The individual must have a written contract from the broker stating that he/she will be recognized as an independent contractor, and not an employee, for tax purposes.
At least 90% of an individual's income as a licensee must come from sales productivity, and not from the numer of hourse worked.
So the answer is 90%. Hope this helps!
2007-11-26 09:37:08 · answer #1 · answered by Bunintheoven 2 · 1⤊ 0⤋
One has nothing to do with the other.
I've been an independent contractor when I had nothing to do with sales; I've been an employee when I was supporting sales and getting commissions as well.
2007-11-26 14:54:01 · answer #2 · answered by Anonymous · 0⤊ 1⤋
Not sure what it is that you're asking. Please provide more details as your question really doesn't make any sense.
2007-11-26 14:46:45 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 1⤋