In Chapter eight there is much discussion of agent responsibiities. These consist of responsibilities of the real estate licensee (salesperson/broker) and responsibiities of the customer (principal). Does the real estate licensee have the duty of Experience as related to the licensee’s obligations to thisor her principal? In other words should is the real estate licensee required by law to have experience in the business?
Also Chapter eight describes Real Estate Agency Law and explains many different legal realtionships occurring in the real estate industry. Explain the relationship between real estate salesperson and real estate broker. Outline the difference between an “independent contractor” and an “employee”, provide examples of each to illustrate your position. Which would you prefer to be and why? Is there a time when you would prefer one over the other and later change your mind possibly?