Virginia REALTORS® offers resources such as an Independent Contractor Agreement

Courts around the country ruled on a large number of independent contractor misclassifications in April 2017, with both good news and bad news for companies. When companies properly classify individuals as independent contractors, and maintain all of the necessary formalities, courts are upholding these classifications. However, when a worker is misclassified, it can be costly. Seven- and eight-figure exposure is becoming commonplace for large and medium-sized business. The Virginia REALTORS® offers resources such as an Independent Contractor Agreement (Form 1700) for use with agents. Check out more resources from the Virginia REALTORS® and National Association here.