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Keller Williams Realty Breaks $1 Million/Month
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Added: 01/17/2004
Type: Summary
Viewed: 589 time(s)
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Keller Williams Realty Breaks $1 Million/Month
Texas-based Keller Williams Realty has broken the $1 million barrier for monthly profit share in May, distributing $1.3 million for the month-a company record.
Also in May, Keller Williams set a monthly record for new agents, as 1,481 new associates signed on, bringing the company’s total agent count to 20,378 and making Keller Williams the sixth largest real estate company in the world, according to company records. Keller Williams remains on track to become a company of 50,000 associates by 2005.
Profit share for the first five months of 2003 totaled $3.9 million, up 74% over one year ago. Keller Williams’ profit share, which is distributed company wide to qualifying agents and employees at virtually every level including associates, team leaders, franchisees, and staff, has totaled $8.4 million over the past 12 months, and $21.8 million over the past five years.
“The basic appeal of the Keller Williams approach continues to be tremendously attractive to serious real estate professionals throughout our industry,” said Gary Keller, chairman of Keller Williams Realty International. “The strength of our systems, combined with the strong sales results generated so far this year by our associates, enabled us to reach this exciting profit share benchmark.”
From its beginnings as a single real estate office in Austin in 1983, Keller Williams has grown to a closely-aligned network of more than 280 offices located coast-to-coast and in three Canadian provinces.
In addition to its exclusive profit share program, Keller Williams’ other innovations include a consulting and training program for agents called Keller Williams University, and EagentC™, a technology initiative that offers agents a variety of leading-edge e-Business tools. “For agents, our system rejects the extremes of corporate dependency or independency,” Keller said. “We think agents would like to be ‘inter-dependent’ with their company. In other words, our agents don’t need us, but life is a lot better with us.”
For more information, visit www.kw.com
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