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Prospect Mortgage recently won a jury trial by applying the outside sales exemption to a loan officer suing Prospect for minimum wage and overtime. Following are comments posted by readers, showing many, but not all, loan officers view themselves as independent contractors. Others think W-2 tax classifications by employers are at odds with that view. Image: Thinkstock.
"When such a person as this is taking all of the expenses and advertising, whether it be referral based or otherwise, they are most definitely considered self-employed. This is more of a win for those of us who contend we are a small business owner." Image: Fotolia.