Using an assistant agreement is vital when hiring a real estate assistant. It should describe the working relationship between you and the assistant.The first thing you should consider is whether he or she is an employee or working as an independent contractor.
If you choose to have an employee you have to deduct taxes, social security and unemployment insurance from their pay. This involves a lot of record keeping on your part plus the added expenses you incur by having an employee. For more information about real estate assistant agreement , you can visit the site at http://realestategameworks.com/washington/.
So after consideration most agents that hire assistants choose the independent contractor status. You do not have to do any of the withholding. There is no salary only a commission or fee as payment or services rendered payment. This fee will also be deductible on your taxes as an expense.
You should hire an assistant that has an active real estate license because if they don't have one it will limit them to doing only what an unlicensed person can do. This will make a very big difference because there are many tasks that need a licensed agent to perform.
Some of the requirements you should consider when interviewing an assistant would 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 it's an expense the investment will prove well worth it.
Let's talk about what else an agreement should do:
- Define the work hours
- Define commission or payment services
- Explain what duties you expect from an assistant
- Assist with showings