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United States Department of Labor Proposes New Independent Contractor Rule

Louisiana REALTORS • October 13, 2022

United States Department of Labor Proposes New Independent Contractor Rule

On October 11, 2022, the U.S. Department of Labor released a proposed rule interpreting how a worker is classified under the Fair Labor Standards Act (FLSA). The DOL has proposed the rule to ensure covered employers are providing workers, including "gig workers," with minimum wage and overtime pay as required under the FLSA, to ensure consistency with existing judicial precedent and the Department’s longstanding guidance. The proposed rule under the FLSA also does not impact real estate professionals’ explicit protection in the Internal Revenue Code, 26 U.S.C. 3508, which provides the framework to classify them as statutory non-employees for federal tax purposes. Additional information on this proposed rule is available here: https://www.nar.realtor/washington-report/dol-proposes-new-independent-contractor-rule

 

Please note that this rule is proposed and not effective as of the publication date of this post.

Louisiana Real Estate Legislation Advocacy: How REALTORS® Can Make a Difference

Louisiana Real Estate Legislation Advocacy: How REALTORS® Can Make a Difference

By Louisiana REALTORS® • March 17, 2025
Discover how REALTORS® play a key role in legislative advocacy, ensuring that real estate rules and regulations protect brokers, clients, and the market. Learn about the benefits and opportunities they provide.
A REALTOR®’s Guide to Client Success Through Advocacy

A REALTOR®’s Guide to Client Success Through Advocacy

By Louisiana REALTORS® • March 10, 2025
REALTORS® are entrusted with a significant responsibility: to guide clients through one of life's most significant transactions—the purchase or sale of a home.

Consumer Guide Update: Seller Disclosures

By Louisiana REALTORS® • March 7, 2025
As previewed last week, NAR is pleased to share the latest consumer guide focused on seller disclosures. This guide covers the basics of what home characteristics sellers are required to disclose to help potential buyers make informed decisions and protect sellers from legal liability. As a reminder, all guides in this series are available for download—in both English and Spanish—on facts.realtor . Please allow a few days for the Spanish version of the latest resource to be translated and uploaded. For ease of reference, below is a list of the most recent guides: NEW: Seller Disclosures Property Taxes Preparing for Homeownership Escrow and Earnest Money Pricing Your Home Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy. Be on the lookout for next week’s guide on Wednesday, which will cover tactics for marketing your home.
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