BrokerageIndustry News

Crackdown on independent contractors

The coming shift in real estate: Part 1
Published on Apr 19, 2010

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by CareyBot

Could the National Association of Realtors lose more than half a million members in one simple stroke of President Obama's pen?

Several months ago Fafie Moore of Realty Executives Nevada alerted me to a crackdown on independent contractors' employment classification.

According to Moore, a legislative provision dealing with independent contractor status could occur as an add-on to another bill.

If the independent contractor status of real estate agents were eliminated, the results would be devastating to current business models.

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