Brokerage setting up real estate agents that are 1099. Contractors, vendors or customers?

Thanks for raising your concern here, @UcanorWecan.

Let me help you set up your real estate agent's 1099 and direct you to best help with the difference between customers, vendors, and contractors in 1099.

We can set up the real estate agents as contractors. QuickBooks tracks all their related payments, so when you need to file their 1099s, you already have all their info.  Moreover, know that any non-employee for whom you might pay $600 or more in a given year, needs a 1099.

Before you start, we recommend having your real estate agents fill out a W-9. This gets the info you need to make the setup quicker. You can download W-9 forms directly from the IRS.

Here's how to set it up:

1. Go to Payroll, then select Contractors.
2. Select Add a contractor.
3. Enter your contractor’s info, or select the Email this contractor checkbox so they can fill it out.
4. When you're done, select Add contractor.

For more info, you can read this article: Set up contractors and track them for 1099s.

Concerning the differences between customers, vendors, and contractors in 1099s, I recommend reaching out to an accountant for better views and understanding.

Additionally, you can read this article to learn how to prepare and file your 1099 in QuickBooks Online: Create and file 1099s with QuickBooks Online.

Feel free to come back here if you have more questions about setting up your agent's 1099s. I'll be willing to help. Keep safe and have a good one.

Thank you for your response.  I understood how to setup Vendors and Contractors not an issue.   Is there any reason for a real estate agent to be a customer is my question?  With the scenario I provided?  I don't think so, just want to confirm I'm not missing something.   

So with just a vendor or a contractor account, I could , invoice, or pay the agent and track their 1099 correct?

Thanks again!