71.7k views
3 votes
Salesperson Jonathon joins a brokerage as an independent contractor. Which of the following will he probably have to pay for on his own?

A) Marketing materials provided by the brokerage
B) Errors and omissions insurance
C) Broker licensing fees
D) Office space rent

User Vcxz
by
8.1k points

1 Answer

1 vote

Final answer:

Salesperson Jonathon, acting as an independent contractor, will likely have to pay for his own office space rent when joining a brokerage. Other expenses might be covered depending on his agreement with the brokerage.

Step-by-step explanation:

When salesperson Jonathon joins a brokerage as an independent contractor, he will likely have to pay for several expenses on his own. Although brokerages vary in terms of what they cover for their contractors, typically an independent contractor is responsible for their own business-related expenses. In this scenario, Jonathon will probably have to pay for office space rent (D) himself, as most brokerages do not cover this cost for independent contractors. This rent is for the space he uses to conduct his business within the brokerage. Other expenses such as marketing materials (A), errors and omissions insurance (B), and broker licensing fees (C) might be covered or subsidized by the brokerage depending on his agreement with them.

User John Gorter
by
7.8k points