Salespersons are indep - Study guides, Class notes & Summaries
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NYREI Test question with complete solution rated A.
- Exam (elaborations) • 16 pages • 2023
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NYREI Test question with complete solution rated A.Chapter 1 
According to IRS, salespersons are independent contractors (earnings for 1099) 
 
Statutory Non-employees 
 
Keep records for 3 years 
 
Salesperson - 18 +, Broker - 20+ 
 
Receive commissions from supervising broker ONLY 
 
Broker cannot schedule them or require meetings - only regular supervision 
 
 
 
Chapter 2, 3, 4 
Principal/ Client - hires agent 
 
While customer can see multiple brokers, clients cannot. 
 
Licensees are speci...
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NYREI TEST EXAM WITH ALL ANSWERS
- Exam (elaborations) • 10 pages • 2024
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NYREI TEST EXAM WITH ALL ANSWERS
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