Who qualifies as a salaried employee in a leasing office?

A salaried employee in a leasing office typically refers to an individual who is compensated through a consistent annual salary rather than on a commission basis. This structure provides financial stability as these employees receive a fixed amount regardless of the leasing transactions completed. Employees working without commission fit this definition perfectly, as they are generally part of the office staff whose income is based on their role and responsibilities rather than on sales or performance metrics.

Independent contractors and real estate agents usually operate under different compensation models, often receiving payment based on commission for each transaction, which does not align with the characteristics of a salaried employee. Additionally, while managers receiving bonuses may be salaried, their compensation model includes performance-based incentives, further differentiating them from the traditional definition of a salaried employee.