Real Estate Agent Assistant Agreement
- June 14, 2017
- Posted by: marlenedubois
- Category: Nursing Assistant Classes
Using an assistant agreement is actually vital when hiring a real estate assistant. This specific should describe the working relationship between you along with also the assistant. The first thing you should consider is actually whether he or she is actually an employee or working as an independent contractor. If you choose to have an employee you have to deduct taxes, social security along with also unemployment insurance coming from their pay. This specific involves a lot of record keeping on your part plus the added expenses you incur by having an employee…
So after consideration most agents of which 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 is actually no salary only a commission or fee as payment or services rendered payment. This specific fee will also be deductible on your taxes as an expense.. This specific would certainly be wise to check with your accountant to see how to handle the payment schedule.
You should hire an assistant of which has an active real estate license because if they don’t have one This specific will limit them to doing only what an unlicensed person can do. This specific will make a very big difference because there are many tasks of which need a licensed agent to perform. Some of the requirements you should consider when interviewing an assistant would certainly 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 This specific’s an expense the investment will prove well worth This specific.
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 along with also customers
- A team player attitude
You must determine a payment schedule of how much, when along with also how often the assistant should expect payment. Your business growth should have a direct effect on commission increases for the assistant. A confidentially clause is actually important to have in your agreement. The assistant must know of which what goes on between both of you stays confidential. Having This specific all on paper will set the guidelines. Your assistant will know their job description along with also their duties.. A real estate assistant agreement should protect both parties.