| Are Agents Independent Contractors or Employees? U.S. Department of Labor’s New Regulations: Effective March 11, 2024 |
Under California law, as clarified in 2020 in Assembly Bill 5, a real estate licensee is an independent contractor if: The individual has a real estate license Compensation is based on output rather than hours worked and A written contract between the individual licensee and broker provides the individual will not be treated as an employee for real estate services rendered. However, now, the individual’s status is less clear because the US Department of Labor has issued new regulations under the Federal Labor Standards Act.
See C.A.R’s complete guide HERE
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