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FREQUENTLY ASKED QUESTIONS
Q. What sort of support or training does Wainwright
provide to its agents?
- Wainwright provides its agents TOTALLY free classroom
instruction. There is no charge for course OR materials. So whether
you are fresh out of real estate school, or you have some experience
but would like to freshen up a bit, we can give you the knowledge
to get started.
Additionally, we are always available for one-on-one assistance
if you feel you do not need classroom instruction, and both brokers
are always available to help agents with any problems they may
have.
Q. Since Wainwright is not a member of the local Realtor
association, how would that affect me as an agent?
- Since we are not members of the local trade association,
our agents do not need to pay the association dues that member
agents must pay. This has no effect on our ability to sell real
estate, as we are members of REIN, the local MLS. Our agents may
not refer to themselves as Realtors since that is a copyrighted
term reserved for members of Realtor associations.
Q. I understand that Wainwright agents go on a 100% split
after the company makes $2,700 in a year. Is this $2,700 a fee that
I will owe even if I don't do enough business to reach that goal?
- No, the $2,700 is what the company earns from the
commission split. You don't owe anything if you don't sell anything.
Q. What fees and expenses are Wainwright agents required
to pay?
- Like all members of REIN, our agents must pay the
quarterly REIN licensee fee. They are also responsible for their
own advertising, including signs (which are available to purchase
at the office).
Q. What sort of production requirements does Wainwright
have?
- We have very minimal requirements. Generally, we
ask that all agents do at least enough business to make the company
$2,700 every TWO years. Needless to say, most agents have no trouble
meeting this requirement.
Q. How much control do Wainwright agents have over conducting
their business?
- Our philosophy is that an agent is really running
his or her own business, and we exercise the degree of supervision
consistent with that approach. This means that you are free to
run your business the way you see fit, but it must be in such
a manner that reflects well on the company and that does not expose
the company to unnecessary risk. We make sure that our agents
understand and follow all laws and regulations, and make sure
that they do not subject themselves or the company to liability.
You are welcome to read our company
policies.
Q. Where does Wainwright Real Estate rank in sales
compared to other local firms?
- Wainwright is in the top 10 of local companies
in terms of transactions per year. We have attained this status
in just 12 years of operating under our current commission split.
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