Which best describes an independent contractor in real estate?

An independent contractor in real estate is best described as a licensed individual who operates under a broker but does not receive the same benefits or obligations as employees. This arrangement means that the contractor has the flexibility to set their own schedules, control their work environment, and manage their own business practices, while still being affiliated with the broker, who provides the necessary support and resources for transactions.

This independent status allows real estate agents to operate with a degree of autonomy that is crucial in building their client base and running their business effectively. The relationship between the independent contractor and the broker is defined by a formal agreement, which specifies the nature of the collaboration and the expectations of each party.

In contrast, the other options describe scenarios that do not accurately capture the essence of an independent contractor's role in real estate. Employees typically receive benefits and are subject to different regulations, while the notion of someone who cannot make decisions does not apply, as independent contractors have significant decision-making power in their operations. Lastly, a broker who is self-employed typically refers to someone running their own brokerage, which is distinct from being an independent contractor who works under or with a broker.