Final answer:
When a broker hires a salesperson under an independent contractor agreement, the broker may set the salesperson's office hours and assign floor time. The broker may also be held liable for the salesperson's conduct in a real estate transaction. However, the broker is not required to pay State Unemployment Insurance premiums for the salesperson.
Step-by-step explanation:
When a broker hires a salesperson under a valid independent contractor agreement, the correct statement is A) Broker may set the salesperson's office hours and assign floor time. As an independent contractor, the salesperson has more control over their schedule and may have the flexibility to set their own hours. However, the broker may still have some input on office hours and floor time to ensure proper coverage.
B) Any unlicensed assistant of the salesperson must be an employee of the broker is not correct. As an independent contractor, the salesperson is responsible for hiring and managing their own support staff, including unlicensed assistants.
C) Broker may be held liable for the salesperson's conduct in a real estate transaction is correct. Even though the salesperson is an independent contractor, the broker can still be held responsible for the salesperson's actions during a real estate transaction. It's important for the broker to provide proper training and oversight to minimize any potential liability.
D) Broker must pay State Unemployment Insurance premiums for the salesperson is not correct. Independent contractors are not eligible for state unemployment insurance, so the broker is not required to pay those premiums for a salesperson under an independent contractor agreement.