W2 or 1099 for Real Estate Agent

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W2 or 1099 for Real Estate Agent

Jeremy Roll
Realtor · Olathe, KS · Member since 2017 · 37 posts · 13 votes

I am looking to get my real estate license. What is the normal tax filing you will have to do, W2 or 1099? Does it depend on the state or which real estate company you go through?

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  • Brandon Battle
    Real Estate Agent · Buena Park, CA · Member since 2016 · 743 posts · 424 votes
    9y
    Most of us Realtors are Independent contractors for tax filing purposes and we file as Sole proprietors or LLC. Very Few are W2 with benefits from an employer.
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  • Joe FunariBusiness Member
    Real Estate Agent · Keller, TX · Member since 2017 · 850 posts · 825 votes
    9y

    @Jeremy Roll You will be issued a 1099. Your considered an independent contractor under IRS regulations. 

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  • Jeremy Roll
    OP
    Realtor · Olathe, KS · Member since 2017 · 37 posts · 13 votes
    9y

    Well that clears that up. Thanks guys for the responses @Joe Funari and @Brandon Battle.

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  • Jeremy Roll
    OP
    Realtor · Olathe, KS · Member since 2017 · 37 posts · 13 votes
    9y

    @Julian Willetts Thought you might like this info.

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