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What Is Meant By "Real Estate Dealer"?

What is meant by "real estate dealer"?

Hi. This is what Social Security's operations manual states about real estate agents/dealers:

"To be considered self-employed, a real estate agent must:

a. Be licensed;
b. Derive substantially all remuneration directly from sales activities, rather than the number of hours worked;
c. Perform under a written contract stipulating the individual is not an employee."

For the IRS definition, refer to the following webpage: https://www.irs.gov/businesses/small-businesses-self-employed/licensed-r....

I hope that addresses your question.

Best, Jerry

Category: 
Posted: 
Dec 13 2022 - 10:27am
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