Every real estate agent starting on their own automatically becomes a sole proprietorship. You probably already know that according to the IRS, licensed real estate agents are statutory nonemployees and are treated as self-employed for all Federal tax purposes, including income and employment taxes. In fact a sole proprietorship is the most common type of small business […]
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Don’t yet have a CRM with a database of contacts and don’t know where to start? You already know you should be interacting with your sphere of influence (SOI), it’s the smart, long range plan that is proven to return impressive results. It might surprise you, but the best place to start is your mobile […]
Here is an example of a real estate agents commissions breakdown, allowing for payment of a referral fee, Broker split, transaction fee, overheads and finally taxes. Note that this is an interactive model – the bold numbers in red are editable – so go ahead and customize the figures to fit your circumstances. Once you […]