Real Estate Agent Assistant Agreement

Using an assistant contract is vital when hiring a real estate assistant. It should describe the working relationship between you and the assistant. The first thing to consider is whether you are an employee or working as an independent contractor. If you choose to have an employee, you must deduct taxes, social security, and unemployment insurance from your salary. This involves a lot of registration on your part plus the additional expenses you incur from having an employee …

So after considering it, most agents who hire assistants choose independent contractor status. You do not have to do any withholding. You just have to provide a 1099 form. There is no salary just a commission or fee as payment or payment for services rendered. This fee will also be tax deductible as an expense. You may want to check with your accountant to see how to handle the payment schedule.

You should hire an assistant who has an active real estate license because if you don’t have one, you will be limited to doing only what an unlicensed person can do. This will make a big difference because there are many tasks that require a licensed agent to perform them. Some of the requirements that you should consider when interviewing an assistant would be to have computer skills in programs such as Microsoft Word, Excel, or comparable programs. If they don’t have a laptop, you may need to provide one. Although it is an expense, the investment will be worth it.

Let’s talk about what else a deal should do.

• Define working hours
• Define commissions or payment services
• Explain what duties you expect of an assistant.
• Help with screenings
• Help with market value reports
• Attend Market Value Reporting Appointments With You
• Set appointments
• Make open houses
• Registry mantenance
• Post
• Hand out flyers
• Post open house signs
• Make phone calls on your behalf
• Prospecting for new businesses
• Check daily MLS updates
• Preview new listings
• Get to know all your customers and clients
• Team player attitude

You must determine a payment schedule of how much, when and how often the assistant should expect payment. The growth of your business should have a direct effect on the commission increases for the assistant. It is important to have a confidentiality clause in your agreement. The assistant should know that what happens between the two remains confidential. Having all of this on paper will set the tone. Your assistant will know your job description and duties. A real estate assistant contract should protect both parties.