TREC Law of Agency Practice Exam

Question: 1 / 400

What is one key advantage of being an independent contractor in real estate?

Guaranteed income

Job security

Being one's own boss

Being an independent contractor in real estate offers the significant advantage of being one's own boss. This autonomy allows real estate professionals to manage their own schedules, choose their clients, and decide how they want to market their services. It fosters an entrepreneurial spirit where agents can leverage their unique skills and interests to build their business in a way that aligns with their personal goals.

In contrast, the other options represent elements typically associated with traditional employment. For example, guaranteed income and job security are generally characteristics of salaried positions rather than independent contracting, where income can fluctuate based on sales performance. Likewise, fixed working hours are not a feature of independent contracting; instead, agents often have the flexibility to set their hours based on their preferences and market demands. This ability to be flexible and self-directed is what many find appealing about the independent contractor model in real estate.

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Fixed working hours

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