Virginia License Law
A Virginia real estate broker who is in a valid independent contractor relationship with their affiliated salespersons still must:
APay the salesperson as an employee
BSupervise the salesperson's real estate activities and maintain their license✓ Correct
CProvide employee benefits
DPay payroll taxes for the salesperson
Explanation
Even with an independent contractor relationship (common in real estate), the principal broker retains the statutory duty to supervise affiliated licensees' real estate activities. The IC status affects tax treatment, not supervision.
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Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
ProrationThe division of ongoing property expenses (taxes, HOA dues, rents) between buyer and seller at closing based on their respective days of ownership.
State-Specific Concepts
License Law
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