Neil recently obtained his Florida sales associates license. He then decides to open his own office and hire four sales associates to work under him. Neil and his four sales associates agree to split any commissions earned by the four associates 50/50. Has Neil violated any licensing laws? О О No. If a sales associate runs their own office, they are permitted by law to hire up to four sales associates to work under them. Yes. Only licensed real estate brokers can open their own office and hire sales associates to work under them. No. All of Neil's actions are permitted under state law. Yes. As a sales associate himself, Neil is only permitted to take up to 25% of the

Neil recently obtained his Florida sales associates license. He then decides to open his own office and hire four sales associates to work under him. Neil and his four sales associates agree to split any commissions earned by the four associates 50/50. Has Neil violated any licensing laws? О О No. If a sales associate runs their own office, they are permitted by law to hire up to four sales associates to work under them. Yes. Only licensed real estate brokers can open their own office and hire sales associates to work under them. No. All of Neil's actions are permitted under state law. Yes. As a sales associate himself, Neil is only permitted to take up to 25% of the

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter9: Deduct Ions: Employee And Self-employed - Related Expenses

Section: Chapter Questions

Problem 42P

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