WHAT WE HAVE TO OFFER YOU
The World's Best Commission Split
Each year, we split the first commissions fifty-fifty, until you make $2900 and the company makes $2900. After that, you keep 100% of every commission you make for the rest of the year. To cover our costs, a adminsistration fee of $250 is deducted out of each check. We also deduct the city tax on the commission ($5.80 per $1,000) and $180 per year for E&O insurance ($90.00 deducted from first two commissions). Wainwright agents pay no association dues and no office fees, which amount to hundreds of dollars in savings a year. And our agents are also paid their commissions immediately upon receipt—usually in less than an hour.
If you do not earn a commission, you do not pay Wainwright Real Estate for your year.
See what the World’s Best Commission Split could do for you!
EXPERT ASSISTANCE
You can also depend on all the one-on-one broker support you need while you get started. We’ll show you how to generate business and write contracts, and we’ll help you through the listing and selling process every step of the way.
Staff Attorney
In real estate transactions, it’s not unusual for agents to have legal questions. At Wainwright, agents can count on timely advice, free of charge, from our staff attorney. We know how much liability agents face these days, so we take care to teach our agents all the right habits to help keep them out of trouble.
Family/Veteran Owned and operated since 1951
Dorothy Wainwright started the company out of her home in 1951.
In 1954 Dorothy and her husband Bob opened the first Wainwright office at 26th Street and Atlantic Avenue in Virginia Beach.
Their son Bob Jr. joined in 1968, and began offering agents the World's Best Commission Split in 1988. Bob III joined in 1995.
Nash Wainwright joined in 2008 and is the current Principal Broker.
In 2020, Brooke Wainwright, Nash's daughter, joined the Company.
In 2021, Drake Wainwright, Nash's son, joined the company.
Wainwright Real Estate is in the top three percent of all Hampton Roads real estate companies. Over 400 agents call Wainwright home and are able to make more than any other agents in the business. You could be one of them.
Q. I understand that Wainwright agents go on a 100% split after the company makes $2,900 in a year. Is this $2,900 a fee that I will owe even if I don't do enough business to reach that goal?
A. No, the $2,900 is what the company earns from the commission split. You don't owe anything if you don't sell anything.
Q. Since Wainwright is not a member of the local Realtor association, how would that affect me as an agent?
A. 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. What fees and expenses are Wainwright agents required to pay?
A. 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?
A. We have no production requirements. Sell as much or as little as you want.
Q. How much control do Wainwright agents have over conducting their business?
A. 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.
4098 Foxwood Drive, Virginia Beach, VA 23462
Wainwright Real Estate is located in Virginia Beach on the corner of South Independence Boulevard and Foxwood Drive.
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