NAR Backs Labor Proposal on Independent Contractor Rules

A major labor proposal out of Washington could impact how millions of real estate agents do business. In this episode of Real Estate News for Investors, Kathy Fettke breaks down why the National Association of REALTORS is backing a new federal framework for independent contractor classification, what the five-factor "economic reality" test means, and why NAR is pushing for an explicit exemption for real estate professionals. For investors, this could affect brokerage models, agent compensation, and transaction costs across the housing market.

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Source: https://www.nar.realtor/magazine/real-estate-news/nar-backs-labor-dept-proposal-to-clarify-independent-contractor-rules