Real Estate Agent Assistant Agreement
- June 20, 2017
- Posted by: marlenedubois
- Category: Nursing Assistant Classes
Using an assistant agreement will be vital when hiring a real estate assistant. the item should describe the working relationship between you in addition to the assistant. The first thing you should consider will be whether he or she will be an employee or working as an independent contractor. If you choose to have an employee you have to deduct taxes, social security in addition to unemployment insurance coming from their pay. that will involves a lot of record keeping on your part plus the added expenses you incur by having an employee…
So after consideration most agents that will hire assistants choose the independent contractor status. You do not have to do any of the withholding. You just have to provide a 1099 form. There will be no salary only a commission or fee as payment or services rendered payment. that will fee will also be deductible on your taxes as an expense.. the item could be wise to check with your accountant to see how to handle the payment schedule.
You should hire an assistant that will has an active real estate license because if they don’t have one the item will limit them to doing only what an unlicensed person can do. that will will make a very big difference because there are many tasks that will need a licensed agent to perform. Some of the requirements you should consider when interviewing an assistant could be having computer skills in programs such as Microsoft word, excel or comparable programs. If they don’t have a laptop computer you may have to provide one. Although the item’s an expense the investment will prove well worth the item.
Let’s talk about what else an agreement should do.
- Define the work hours
- Define commission or payment services
- Explain what duties you expect coming from an assistant
- Assist with showings
- Assist with market value reports
- Go on market value report appointments with you
- Set Appointments
- Do open houses
- Record keeping
- Hand out flyers
- Place signs for open houses
- Make phone calls on your behalf
- Prospecting for completely new business
- Review the daily updates on the MLS
- Preview completely new listings
- Meet all of your clients in addition to customers
- A team player attitude
You must determine a payment schedule of how much, when in addition to how often the assistant should expect payment. Your business growth should have a direct effect on commission increases for the assistant. A confidentially clause will be important to have in your agreement. The assistant must know that will what goes on between both of you stays confidential. Having that will all on paper will set the guidelines. Your assistant will know their job description in addition to their duties.. A real estate assistant agreement should protect both parties.