Wyoming License Law
A Wyoming salesperson who earns a commission-based income and has their license with a broker is typically classified for tax purposes as:
AA W-2 employee of the state
BAn independent contractor receiving 1099 income✓ Correct
CA government employee exempt from federal taxes
DA sole proprietor who must form an LLC
Explanation
Most Wyoming real estate salespersons are classified as independent contractors (not employees) for tax purposes, receiving 1099 income. However, this tax classification does not change their licensing requirement to be under the supervision of a Wyoming broker.
Related Wyoming Wyoming License Law Questions
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