Chapter 9

According to the independent contractor agreement, the real estate salesperson is referred to as the...?

Associate

A personal assistant to a broker may perform which of the following acts...?

Host an open house

A property management agreement is signed between a broker and a/an...?

Landlord

Which of the following parties may be eligible to receive a referral fee for referring a client to broker...?

Real estate salesperson

According to the Independent Contractor Agreement For Sales Associate, the salesperson is a member of which associations...?

Texas Association of Realtors

A real estate salesperson may directly receive compensation from which of the following parties...?

Their sponsoring broker

An independent contractor agreement is signed between a real estate salesperson and...?

Their sponsoring broker

Matthew signed an independent contractor agreement with his broker. What is the standard term used in the agreement...?

There is no standard term

What is the standard term of an independent contractor agreement...?

There is no standard term

An unlicensed individual may receive which of the following for referring a client to a broker...?

A gift card

James entered into an independent contractor agreement with City Realty. Which party may terminate the agreement...?

Either James or City Realty

Which of the following may a broker use to help distinguish between an employee and an independent contractor...?

Employer's Supplemental Tax Guide

Which of the following sections are included in an independent contract agreement...?

Exclusive Association Associate's Authority Advertising

The employer of a broker is known as the...?

Principal

Who is responsible for paying the taxes on any commissions earned by a real estate salesperson...?

Real estate salesperson

A real estate salesperson must obtain which of the following to cancel or terminate a brokerage service agreement...?

Written permission from the broker

A personal assistant serves as a/an ..........to their broker?

Employee

If a broker requires his/her agents to attend weekly training sessions, the IRS may classify the agents as...?

Employees

A listing agreement is signed between a seller and a real estate salesperson...?

False

A person who acts for another but who sells final results and whose methods of achieving those results are not subject to the control of another is known as a/an...?

Independent contractor

A real estate salesperson operates as a/an...?

Independent contractor

The Employer's Supplemental Tax Guide helps a broker distinguish between an employee and a/an...?

Independent contractor

Who pays a real estate salesperson their commission for a transaction...?

The salesperson's sponsoring broker

Who owns any listing contracts secured by a real estate salesperson...?

The sponsoring broker